This paper investigates the equilibrium real effective exchange rate for the Chinese RMB
during the post-reform period, 1982–2010. We extend the NATREX model in several …

Most of the macroeconomic models suggest that great ratios of economics should be stable
in the long term. Keeping the theoretical consequences in mind, the present study …

This paper investigates the stability of the steady-state growth process in East Asian region
using a novel panel stationarity test, which allows us to control for (a) unobserved …

The balanced growth theory and the neoclassical growth model predict that certain
macroeconomic variables such as output, consumption, and investment grow at a constant …

The sustainability of the Nigerian fiscal deficit along with the role of the dynamics of
government revenues and spending in adjusting the size of the deficit is examined using …

Examining unit root properties of macro-economic time series has become a necessary pre-
requisite for establishing order of integration. The study used conventional unit root tests that …

En este trabajo investigamos la estabilidad del proceso de crecimiento de estado
estacionario en los estados de la República Mexicana mediante una prueba relativamente …

One of the central hypotheses of the neoclassical growth literature is the balanced-growth
hypothesis, which predicts that output, consumption and investment grow at the same rate …

The paper re-examines the “stylized facts” of the balanced growth in developed economies,
looking specifically at capital productivity variable. The economic data is obtained from …

The balanced growth theory and the neoclassical growth model predict that certain
macroeconomic variables such as output, consumption, and investment grow at a constant …