This paper examines the asymmetric behaviour of health care expenditure and disposable income in the 50 US states over the period 1966-2009 using nonparametric Triples test techniques. The results suggest that for 23 US ...

The importance of exchange rate in an economy can be seen in the various policies implemented to manage its level and evolution on a daily basis. A large body of literature has analyzed the impact of exchange rate, or ...

In this paper two nonlinearity tests are employed: the nonparametric test developed by Brock, Dechert and Scheinkman - known as the BDS test and the Fourier stationarity test. The BDS non-linearity test detects whether ...

African economic integration initiatives have been judged by models and theoretical concepts developed outside Africa. Findings from such unrealistic and simplified models, rather than augment the continental initiatives, ...