Testing the Fed and the Graham & Dodd models: Asymmetric vs. Symmetric Adjustment
We examine the empirical validity of the Fed model and the Graham & Dodd model for five countries and over a time period spanning three decades by applying the Enders and Granger 1998) and Enders and Siklos (2001) threshold unit-root and cointegration tests.
The Impact of Globalization on Legitimacy Signals : The Case of SMEs in Transition Economies
The oil crisis: China, the perfect scapegoat
The Western economies have been confronted with rising oil prices for the past five years. Political instability in the Middle East, social unrest in Nigeria and Hugo Chávez’s nationalisations all reinforce our dread of a shortage.