Causal links between foreign direct investment and import demand in ECOWAS Countries: A view through meta-analysis
This study examines the relationship between Foreign Direct Investment (FDI) and import demand for 11 member countries of the Economic Community of West African States (ECOWAS) during the period 1970-2017. We employ a causality test based on Meta-analysis which considers the issues of cross-sectional dependency and slope heterogeneity among countries. The empirical findings indicate that the causal nexus between FDI and...
The role of internal auditors to implement IFRS9: Case of Lebanese banks
The implementation of IFRS9 as with any structural change to accounting policies requires a strategic development and implementation, and a concerted effort from many departments. This paper investigated the role of internal auditors at Lebanese banks in the implementation of accounting standards. The local banking system is surveyed in a targeted manner to test for significant shortcomings in the ideal strategic...
Market opening and economic growth in Nigeria
Market opening positively impacts economic growth due to reduction in the cost of capital and international risk diversification, amongst others in Nigeria. Using a robust set of econometric approach involving unit root test, co-integration, vector error correction model and granger causality, there is evidence that current value of economic growth responds to disequilibrium from past values of real gross domestic...
Temperature-based options for Vietnam: An option pricing and policy insight
The purpose of this paper is to test a temperature-based pricing model of Alaton (2002) in main rice-growing cities of Vietnam. The results of the test are then used for loss hedging analysis and policy implications for Vietnamese farmers, investors and related parties. Data are collected from General Statistics Office (GSO) of Vietnam, 2017 and Vietnam Meteorological and Hydrological Administration, with a reference to...
The impact of money laundering in beautiful places: The case of Trinidad and Tobago
This paper investigates the relationship between money laundering and economic growth in Trinidad and Tobago. It utilizes annual secondary time series data for the period 1990 to 2017. The proxy of fraud offences and narcotics is used to estimate the volume of money laundering. Cointegration analysis and Error Correction Modelling is employed to test the long-run and short-run relationship between money laundering and...