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ALI F. DARRAT Chase Bank Professorship in Finance

College of Business, Louisiana Tech University Ruston, LA 71272

Phone and Fax: (318) 257-3874 E-mail: yarab@latech.edu; afdarrat@gmail.com Home page: http://www.business.latech.edu/fac-staff/directory/#aDarra Citizenship: USA Education Ph.D., Indiana University (Bloomington), 1982 Master’s Degree, Indiana University (Bloomington), 1976 Bachelor’s Degree, University of Benghazi, 1972 Honors and Awards Chase Bank Professor in Finance, Louisiana Tech University Listed among the “Most Prolific Authors in the Finance Literature: 1959-2008”, Jean L. Heck and Philip L. Cooley, Saint Joseph’s University, Social Science Research Network (March 2009). Listed among the “100 Most Frequently Published Authors in 19 Finance Journals from 1988-2003”. University Distinguished Professor Nominee, College of Administration and Business, Louisiana Tech University, 1992. Faculty Senate Chair Nominee, College of Administration and Business, Louisiana Tech University, 1990, 1993, 1995, 1996, 1998, 2001, 2002 “Outstanding Researcher of the Year 2002” Academy of Economics and Finance, 2003 First Prize, Al-Oweiss Foundation for Studies and Scientific Innovations, UAE, 1994. A Research Fellow, Economic Research Forum, 1994 – present. Henry Oliver Award, 1979, and Taulman Miller Award, 1980, both from Indiana University Current Position Chase Bank Professorship in Finance and Professor of Economics College of Business, Louisiana Tech University

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Previous Academic Positions Associate Professor, Department of Economics and Finance, Louisiana Tech University. Associate Professor, Department of Economics and Finance, University of New Orleans. Assistant Professor, Department of Economics, University of Kentucky. Visiting Distinguished Professor, Department of Economics, UAE University. Professor of Finance, Department of Accounting and Finance, American University of Sharjah, UAE. Consultant, Bluegrass Area Development District, Inc., Lexington, Kentucky. Teaching Assistant, Indiana University. Fields of Specialization and Research Interests Dynamics and Efficiency of Financial and Capital Markets Monetary Theory and Policy International Finance Economics of Government Budget Deficits Applied Macroeconomics Business Cycles and Inflation Forecasting Courses Taught (Graduate and Upper Undergraduate) Monetary Theory and Policy Money and Banking International Finance Financial and Capital Markets Applied Macroeconomics Monetary Economics Seminars Current & Previous Professional Activities and Committee Work Associate Editor, Middle East Development Journal (current) Member, Editorial Board, Review of Financial Economics (current) Member, Editorial Board, International Journal of Business, Accounting & Finance (current) Member, Editorial Board, Studies in Business and Economics (current) Member, Editorial Board, Journal of Business Research (past) Member, Editorial Board, Emerging Markets Finance and Trade (past) Refereed papers for: Journal of Quantitative and Financial Analysis, Review of Economics and Statistics, Journal of Money, Credit and Banking, Financial Review, National Science Foundation, Research Council of Canada, Journal of Econometrics, Journal of Macroeconomics, Economic Inquiry, Journal of Banking and Finance, Journal of International Money and Finance, Journal of Real Estate, Finance and Economics, Southern Economic Journal, Journal of Economic Surveys, American Economist, Eastern Economic Journal, Real Estate Economics, Journal of Post-Keynesian Economics, Journal of Development Economics, Journal of Public Economics, Public Finance Quarterly, Applied Economics, Journal of Economics and Administrative Sciences,

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Professional Activities (continued) Journal of Economic Studies, Journal of Economics and Business, World Development, Quarterly Journal of Business and Economics, International Economic Review, Empirical Economics, International Journal of Middle East Studies, International Economic Journal, Economic Horizons, Bulletin of Economic Research, Journal of Islamic Economics, American Journal of Islamic Social Sciences, Journal of Business and Economic Studies, Islamic Development Bank, Contemporary Policy Issues, Open Economies Review, International Review of Economics and Finance, Studies in Economics & Finance, Journal of Financial Services Research, Review of International Economics, Review of Financial Economics, Arab Journal of Administrative Sciences, Journal of the Social Sciences, J. of Economics and Finance Education, Macroeconomic Dynamics, Journal of Comparative Economics, the International Business and Economic Review, International J. of Managerial Finance, Applied Financial Economics. External Examiner, Graduate Thesis, University of Malaysia (Malaysia) External Examiner, Master’s Degree, The University of the West Indies (Jamaica) External Reviewer, National Research Project for Manpower Development and

Education Planning, Government of the United Arab Emirates Fellow, Economic Research Forum (Egypt) Chair and Member, Several Doctoral Dissertation Committees Member, Ph.D. Examination Committees Member, D.B.A. Examination Committees Member, M.B.A. and D.B.A. Advisory Committees Chair and Member, Human Resource Management Committee (College level) Member, Dean Search Committee (University level) Member, Faculty Evaluation Policy & Procedures Committee (University level) Member, Promotion and Tenure Committees (Department and College levels) Graduate Policies and Assessment Committee (College Level) Member, Professorship Selection Committee (College level) Member, Undergraduate Curriculum Committee (College level) Member, Strategic and Planning Committee (College level) Academic Advisor of MSA, Louisiana Tech University Chapter Member, University Faculty Senate Teaching and Research Effectiveness I have been consistently ranked among the top 5% of all faculty in instruction. I have published nearly 200 articles in professional refereed national and international journals. A major metric for judging research effectiveness and college ranking (see the QS World University Rankings) is the number of times published work is cited by other researchers. According to Social Sciences Citation Index, Scopus, and Google Scholar, my papers have been cited almost 600 times since 2009 by other researchers (citations average about 100 times per year since 1985). Many of my papers have been abstracted by The Journal of Economic Literature, Monetary Economics Abstract, and The CFA Digest. I am listed among the “Most Prolific Authors in the Finance Literature: 1959-2008”, by Jean L. Heck and Philip L. Cooley, Saint Joseph’s University and Trinity University, see Social Science Research Network, and Journal of Finance Literature. I was also listed among “100 Most Frequently Published Authors in 19 Finance Journals from 1988-2003”.

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Elite Level 1 Journal Articles

1. “Corporate Governance and the Risk of Bankruptcy” (co-authored), Journal of Accounting, Auditing and Finance, forthcoming (2015).

2. “Consumption-based CAPM Models: International Evidence,” (co-authored),

Journal of Banking and Finance, Volume 35, No. 8, August 2011, pp. 2148-2157.

3. “Revisiting the Risk/Return Relations in the Asian Pacific Markets: New Evidence from Alternative Models,” (co-authored), Journal of Business Research, Volume 64, No. 2, February 2011, pp. 199-206.

4. “On the Chinese B-Share Price Discount Puzzle: Some New Evidence,” (co-authored), Journal of Business Research, Volume 63, Issue 8, August 2010, pp. 895-902.

5. “Intraday Volume and Volatility Relations With and Without Public News”, (co-authored), Journal of Banking and Finance, Volume 31, Issue 3, 2007, pp. 2711-2729.

6. “On the Bankruptcy of Internet Companies: An Empirical Inquiry”, (co-authored), Journal of Business Research, Volume 59, Issue 10-11, October 2006, pp. 1193-1200.

7. “Price Discovery and Volatility Spillovers in Index Futures Markets”, (co-authored), Journal of Banking and Finance, Volume 28, 2004, 3037-3054.

8. “Intraday Trading Volume and Return Volatility of the DJIA Stocks: A Note,” (co-authored), Journal of Banking and Finance, Volume 27, 2003, pp. 2035-2043.

9. “Do Stock Prices Deviate from their Fundamental Values? Some New Evidence”, (co-authored), Journal of Banking and Finance, Vol. 27, April 2003, pp. 673-697.

10. “Tax and Spend or Spend and Tax: An Inquiry into the Turkish Budgetary Process,” Southern Economic Journal, Volume 64, April 1998, pp. 940-956.

11. “Review of Studies on Causes and Consequences of the 1989-92 Credit Slowdown,” Southern Economic Journal, Volume 62, October 1995, pp. 499-500.

12. “Wage Growth and the Inflationary Process: A Reexamination”, Southern Economic Journal, Volume 61, July 1994, pp. 181-190.

13. “The Value of Time and Recent U.S. Money Demand Instability”, (co-authored), Southern Economic Journal, Volume 60, January 1994, pp. 564-578.

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14. “The Effects of Monetary Targeting on Business Activity and Financial Stability in the U.K.”, (co-authored), Journal of Banking and Finance, Volume 16, June 1992, pp. 523-543. (Abstracted by J. S. Howe in the ISFA Digest, Volume 4, Fall 1992, pp. 27-28).

15. “On Comparing Alternative Advertising Policies of Pulsation”, (co-authored), Decision Sciences, Volume 23, May/June 1992, pp. 541-564.

16. “Policy Impacts under Rational Expectations”, Journal of Banking and Finance, Volume 15, April 1991, pp. 257-271.

17. “Governing the $5 Trillion Economy: A Review of Herbert Stein's Book”, Southern Economic Journal, Volume 57, April 1991, pp. 1189-1190.

18. “The U.S. Saving Challenge: Policy Options for Productivity and Growth: A Review”, Southern Economic Journal, Volume 58, October 1991, pp. 545-546.

19. “Stock Returns, Money and Fiscal Deficits”, Journal of Financial and Quantitative Analysis, Volume 25, September 1990, pp. 387-397.

20. “Structural Federal Deficits and Interest Rates: Some Causality and Co-Integration Tests”, Southern Economic Journal, Volume 56, January 1990, pp. 752-759.

21. “Federal Deficits and Money Growth in the United States: A VAR Analysis”, Journal of Banking and Finance, Volume 13, March 1989, pp. 137-149.

22. “Fiscal Deficits and Long-Term Interest Rates: Further Evidence from Annual Data”, Southern Economic Journal, Volume 56, October 1989, pp. 363-374.

23. “On Fiscal Policy and the Stock Market”, Journal of Money, Credit and Banking, Volume 20, Part 1, August 1988, pp. 353-363.

24. “Have Large Budget Deficits Caused Rising Trade Deficits?” Southern Economic Journal, Volume 54, April 1988, pp. 879-887. (Abstracted by R. A. McLean in The CFA Digest, Volume 18, Fall 1988, pp. 64-65.

25. “Economic Growth and the Expanding Public Sector: A Reexamination”, (co-authored), Review of Economics and Statistics, Volume 70, May 1988, pp. 322-330.

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Level 1 Journal Articles

26. “Fiscal Policy and the US Stock Market”, (co-authored), Review of Quantitative Finance and Accounting, forthcoming (2015).

27. “Testing Long Memory in the Presence of Structural Breaks: An Application to Regional and National Housing Markets”, (co-authored), Journal of Real Estate Finance and Economics, forthcoming, (2015).

28. “The Asymmetric Impact of Monetary Policy on Currency Markets”, (co-authored), Financial Review, Volume 41, Number 2, May 2006. Presented at the Global Finance Conference, Dublin, Ireland, June 27-29, 2005.

29. “On the Path of Integration in the Gulf Region”, (co-authored), Applied Economics, Volume 37, May 2005, pp. 1055-1062.

30. “Technical, Allocative and Scale Efficiencies of REITs: An Empirical Inquiry”, (co-authored), Journal of Business Finance and Accounting, Vol. 32, Nov. 2005: 1961-1994.

31. “Equity Market Linkage and Multinational Trade Accord: The Case of NAFTA”, (co-authored), Journal of International Money and Finance, Vol. 24, 2005, pp.793- 817.

32. “Fertility, Human Capital and Macro Performance: Long-Term Interactions and Short-Run Dynamics”, (co-authored), Applied Economics, Vol.14, 2004, pp. 537- 554.

33. “An Empirical Inquiry into New Subscriber Services under Interdependent Adoption Processes”, (co-authored), Journal of Service Research, Vol. 6, Nov. 2003, pp. 180-192.

34. “Interdependence and Volatility Spillovers under Market Liberalization: The Case of Istanbul Stock Exchange”, (co-authored), Journal of Business Finance and Accounting, Volume 30, September/October 2003, pp.1089-1114.

35. “Optimal Pricing of New Subscriber Services under Interdependence Adoption Processes”, (co-authored), Journal of Service Research, Vol. 5, Nov. 2002, pp. 140-153.

36. “Permanent and Transitory Driving Forces in the Asian-Pacific Stock Markets”, (co-authored), Financial Review, Volume 37, February 2002, pp. 35-52.

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37. “The Role of Futures Trading in Stock Market Activity: Perpetrator of Volatility or Victim of Regret?” (co-authored), Journal of Financial Research, Volume 25, Fall 2002, pp.431-444.

38. “Testing the Random-Walk Hypothesis: A Model-Comparison Approach”, (co-authored), Financial Review, Volume 35, August 2000, pp.105-124.

39. “Mortgage Loan Rates and Deposit Costs: Are They Reliably Linked?, (co-authored), Journal of Real Estate, Finance and Economics, Volume 16, Jan.1998, pp. 27-42.

40. “Predicting Future Buyer Behavior with Consumer Confidence and Sentiment Indexes”, (co-authored), Marketing Letters, Volume 9, November 1998, pp. 349-360.

41. “Changing Market Conditions and Advertising Strategies: Theory and Evidence,” (co-authored), Journal of Operational Research Society, Volume 49, 1998, pp. 42-51.

42. “Has Futures Trading Activity Caused Stock Price Volatility?,” (co-authored), Journal of Futures Markets, Volume 15, August 1995, pp. 537-557.

43. “Stock Market Efficiency and the Federal Budget Deficit: Another Anomaly?” (co-authored), Financial Review, Volume 29, February 1994, pp. 49-75.

44. “Equity Capital, Profit-Sharing Contracts, and Investment: Theory and Evidence”, (co-authored), Journal of Business Finance and Accounting, Volume 20, September 1993, pp. 639-651.

45. “A Competitive Advertising Model: Some Theoretical and Empirical Results”, (co-authored), Journal of Operational Research Society, Vol.44, No. 5, 1993, pp. 491-502.

46. “Real Estate Returns, Money and Fiscal Deficits: Is the Real Estate Market Efficient?”, (co-authored), Journal of Real Estate, Finance and Economics, Volume 2, September 1989, pp. 197-28

47. “Budget Deficits, Money Growth and Causality: Further OECD Evidence”, (co-authored), Journal of International Money and Finance, Vol. 7, June 1988, pp. 231- 242.

48. “Are Exports an Engine of Growth? A Reply”, Applied Economics, Volume 20, November 1988, p. 1561.

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49. “The Islamic Interest-Free Banking System: An Empirical Analysis”, Applied Economics, Volume 20, March 1988, pp. 417-425.

50. “Price Instability and Inflation: Some Evidence Based on Rational Expectations Models”, Economics Letters, Volume 26, 1988, pp. 111-119.

51. “The Behavior of Stock Market in a Developing Economy”, Economics Letters, Volume 22, 1987, pp. 273-278.

52. “Are Exports an Engine of Growth?”, Applied Economics, Volume19, Feb.1987, pp. 277-283.

53. “The Policy Ineffectiveness Proposition”, Economics Letters, Volume 25, 1987, pp. 117-122.

54. “The Demand for Money in Some Major OPEC Members: Regression Estimates and Stability Results”, Applied Economics, Vol. 18, Feb. 1986, pp. 127-142 (lead article).

55. “Unanticipated Inflation and Real Output: The Canadian Evidence”, Canadian Journal of Economics, Volume 18, February 1985, pp. 146-155.

56. “The Demand for Money in Brazil: Some Further Results”, Journal of Development Economics, Volume 18, 1985, pp. 485-491.

57. “Efficient Market Testing of the Expectations-Adjusted Supply Function Hypothesis”, Applied Economics, Volume 17, December 1985, pp. 1065-1070.

58. “The Monetarist versus New-Keynesian Views on Inflation”, Economics Letters, Volume 19, 1985, pp. 237-241.

Refereed Journal Publications (Comprehensive List of Publications)

2015

186. “Corporate Governance and the Risk of Bankruptcy” (co-authored), Journal of Accounting, Auditing and Finance, forthcoming (2015). 185. “Testing Long Memory in the Presence of Structural Breaks: An Application to Regional and National Housing Markets” (co-authored), Journal of Real Estate, Finance and Economics, forthcoming (2015). 184. “Fiscal Policy and the US Stock Market” (co-authored), Review of Quantitative Finance and Accounting, forthcoming (2015).

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2014 183. “Chinese Superstition in US Commodity trading,” (co-authored), Applied Economics Letters, Volume 21, No. 3, 2014, pp. 171-175. 182. “The Impact of Monetary and Fiscal Policy on Output: A Re-examination” (co-authored), Business and Economics Journal, Vol. 5, No. 2, 2014, pp. 1-4 (lead article). 181. “Superstition and Stock Trading: Some New Evidence,” (co-authored), Journal of the Asia Pacific Economy, Volume 19, Issue 4, 2014, pp. 527-538.

2013

180. “Seasonal Anomalies: A Closer Look at the Johannesburg Stock Exchange,” (co-authored), Contemporary Management Research, Volume 9, No. 2, 2013, pp. 155-168. 179. “The Other Month Effect: A Reexamination of the ‘Other January’ Anomaly,” (co-authored), Review of Pacific Basin Financial Markets and Policies, Volume 16, Issue 2, 2013, pp. 135-157. 178. “Technology Prospect and the Cross-Section of Stock Returns: Evidence from the Australian Market” (co-authored), Corporate Ownership and Control, Volume 11, Issue 1, 2013, pp. 295-306.

2012 177. “Revisiting the Risk-Return Relation in the South African Stock market,” (co-authored), African Journal of Business Management, Volume 6, November 2012, pp. 11411-114415. 176. “Market Interdependence in the Pacific Basin Region: Internal Drives and External Influences,” (co-authored), Journal of Applied Business Research, Volume 28, No.4, July/August 2012, pp. 619-632.

2011

175. “Consumption-based CAPM Models: International Evidence,” (co-authored), Journal of Banking and Finance, Volume 35, No. 8, August 2011, pp. 2148-2157. 174. “Revisiting the Risk/Return Relations in the Asian Pacific Markets: New Evidence From Alternative Models,” (co-authored), Journal of Business Research, Volume 64, No. 2, February 2011, pp. 199-206. 173. “The Relationship between Volatility and Expected Returns: Some Results for Australia, “(co-authored), International Journal of Business and Economics, Volume 10, No. 1, 2011, pp. 27-43.

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172. “A Fresh Look at Seasonal Anomalies: An International Perspective,” “(co-authored), International Journal of Business and Economics, Volume 10, No. 2, 2011, pp. 93-116 (lead article).

2010

171. “On the Chinese B-Share Price Discount Puzzle: Some New Evidence,” (co-authored), Journal of Business Research, Volume 63, Issue 8, August 2010, pp. 895-902. 170. “Explaining Growth in an Emerging Market,” (co-authored), Global Business and Finance Review, Volume 15, Issue 1, spring 2010, pp. 79-89. 169. “Financial Deepening, Information Technology and Economic Growth: An Inquiry into Qatar’s Recent Experience,”(co-authored), Journal of Economics and International Finance, Volume 2, No. 2, 2010, pp. 28-35.

2009

168. “Growth Consequences of Foreign Direct Investment: Some Results for Turkey,” (co-authored), Journal of Economic Development. Vol. 34, Number 2, 2009, pp. 85-96. 167. “Financial Progress and the Stability of Long-Run Money Demand: Implications for the Conduct of Monetary Policy in Emerging Economies,” (co-authored), Review of Financial Economics, Volume 18, Number 3, August 2009, pp. 124-131.

2008

166. “Revisiting the (In) Efficiency of Emerging Stock Markets,” (co-authored), Global Business and Finance Review, Volume 13, Number 2, 2008, pp. 11-29. 165. “Intraday Volume/Volatility Relation of the DOW: A Behavioral Interpretation,” (co-authored), Advances in Quantitative Analysis of Finance and Accounting, Volume 7, March 2008, pp. 117-126.

2007

164. “Intraday Volume and Volatility Relations With and Without Public News,” (co-authored), Journal of Banking and Finance, Volume 31, Issue 3, 2007, pp. 2711-2729. 163. “The UAE Growth Surge: Have Information Technology and Human Capital Contributed?” (co-authored), Studies in Economics and Finance, Volume 24, Issue 4, 2007, pp. 297-306. 162. “On the Roots of Inflation in MENA: Recent Evidence from the Monetarist Model,” (co-authored), Savings and Development, Volume 30, Issue 1, 2007, pp. 23-30.

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161. “Modeling Money Demand Under the Profit-Sharing Banking Scheme: Some Evidence on Policy Invariance and Long-Run Stability,” (co-authored), Global Finance Journal, Volume 18, Issue 1, 2007, pp. 104-123. 160. “Intraday Patterns in Liquidity Co-variation: Evidence from NYSE Listed Firms,” co-authored), Applied Financial Economics, Volume 17, Issue 11, 2007, pp. 913-919. Ppresented at the 13th Annual Conference of the Multinational Finance Society, Edinburgh, UK, June 25-27, 2006.

2006

159. “Finance and Macroeconomic Performance: Some Evidence for Emerging Markets,” (co- Authored), Emerging Markets Finance and Trade, Volume 42, Number 3, May/June 2006, pp. 5-28 (lead article). 158. “Intra-Regional Integration of the GCC Block: The Role of Market Liberalization,” (co-authored), Applied Financial Economics, Vol. 16, Number 17, 2006, pp.1265-1272. 157. “The Asymmetric Impact of Monetary Policy on Currency Markets,” (co-authored), The Financial Review, Volume 41, Number 2, May 2006. Presented at the Global Finance Conference, Dublin, Ireland, June 27-29, 2005. 156. “On the Bankruptcy of Internet Companies; An Empirical Inquiry,” (co-authored), Journal of Business Research, Volume 59, Issue 10-11, October 2006, pp. 1193-1200. 155. “Interactions between Mortgage and Other Capital Markets in the U.S.A.: Has Financial Deregulation Made a Difference?” (co-authored), Applied Financial Economics, Volume 16, Issue 4, February, 2006, pp.335-345.

2005

154. “Revisiting the Proxy Effect Hypothesis: Some Evidence for Jordan,” (co-authored), Middle East Business and Economic Review, Volume 17, December 2005, pp. 13-19. 153. “On the Path of Integration in the Gulf Region,” (co-authored), Applied Economics, Volume 37, May 2005, pp. 1055-1062. 152. “Assessing the Role of Financial Deepening in Business Cycles: The Experience of the UAE,” (co-authored), Applied Financial Economics, Vol. 15, April 2005: 447-453. 151. “Money and Macroeconomic Performance: Revisiting Devisia Money” (co-authored), Review of Financial Economics, Volume14, 2005, pp. 93-101, (lead article). 150. “Technical, Allocative and Scale Efficiencies of REITs: An Empirical Inquiry,” (co-authored), Journal of Business Finance and Accounting, Vol. 32, Nov. 2005: 1961-1994. 149. “Equity Market Linkage and Multinational Trade Accord: The Case of NAFTA,” (co-authored), Journal of International Money and Finance, Vol. 24, 2005, pp.793- 817.

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148. “Capital Structure of Firms in an Emerging Market: An Empirical Inquiry,” (co-authored), Savings and Development, Volume 29, 2005, pp.97-111.

2004

147. “Price Discovery and Volatility Spillovers in Index Futures Markets,” (co-authored), Journal of Banking and Finance, Volume 28, 2004, 3037-3054. 146. “Why Do US Banks Borrow from the Fed? A Fresh Look at the Reluctance Phenomenon.” (co-authored), Applied Financial Economics, Vol. 14, 2004, pp. 477-484. 145. “Fertility, Human Capital and Macro Performance: Long-Term Interactions and Short-Run Dynamics,” (co-authored), Applied Economics, Vol.14, 2004, pp. 537- 554.

2003

144. “Intraday Trading Volume and Return Volatility of the DJIA Stocks: A Note,” (co-authored), Journal of Banking and Finance, Volume 27, 2003, pp. 2035-2043. 143. “An Empirical Inquiry into New Subscriber Services under Interdependent Adoption Processes,” (co-authored), Journal of Service Research, Vol. 6, Nov. 2003, pp. 180-192. 142. “Monetary Dynamics of Inflation: Some Evidence for a Small Open Economy,” (co-authored), Savings and Development, Volume 27, 2003, pp. 259-280. 141. “Interdependence and Volatility Spillovers under Market Liberalization: The Case of Istanbul Stock Exchange,” (co-authored), Journal of Business Finance and Accounting, Volume 30, September/October 2003, pp.1089-1114. 140. “Assessing Bank Efficiency in an Emerging Market: The Kuwaiti Experience in the 1990s,” (co-authored), Studies in Economics and Finance, Volume 21, autumn 2003, pp.1-21 (lead article). 139. “Do Stock Prices Deviate from their Fundamental Values? Some New Evidence” (co-authored), Journal of Banking and Finance, Vol. 27, April 2003, pp. 673-697. 138. “Is the US Inflation Low Because the Dollar Value Is High? Some Short and Long Run Evidence” (co-authored), Applied Financial Economics, Volume 13, April 2003, pp.237-243 (lead article).

2002

137. “Winners and Losers in the Middle East: An Economic Scrutiny of the Peace Dividends,” (co-authored), Journal of Middle East Policy, Volume 9, September 2002, pp. 34-39. 136. “Optimal Pricing of New Subscriber Services under Interdependence Adoption Processes,” (co-authored), Journal of Service Research, Vol. 5, Nov. 2002, pp. 140-153.

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135. “The Relative Efficiency of Interest-Free Monetary System: Some Empirical Evidence”, Quarterly Review of Economics and Finance, Volume 42, 2002, pp. 747-764. 134. “Permanent and Transitory Driving Forces in the Asian-Pacific Stock Markets” (co-authored), The Financial Review, Volume 37, February 2002, pp. 35-52. 133. “The Role of Futures Trading in Stock Market Activity: Perpetrator of Volatility or Victim of Regret?” (co-authored), Journal of Financial Research, Volume 25, Fall 2002, pp.431-444. 132. “Are the Arab Maghreb Economies Really Integratable? Some Evidence from the Theory of Co integrated Systems” (co-authored), Review of Financial Economics, Volume 11, 2002, pp.79-90 (lead article). 131. “Budget Balance through Spending Cuts or Tax Adjustments?” Contemporary Economic Policy, Volume 20, July 2002, pp.221-233. 130. “Does Advertising Promote Sales or Simply Diffuse Signals?” (co-authored), International Journal of Advertising, Volume 21, 2002, pp.175-195. 129. “Foreign Trade, Human Capital, and Economic Growth in Taiwan: A Reexamination” (co-authored), Studies in Economics and Finance, Volume 20, spring 2002, pp.85-94. 128. “On Budget Deficits and Interest Rates: Another Look at the Evidence,” International Economic Journal, Volume 16, Summer 2002, pp.19-29.

2001

127. “The Dollar and U.S. Prices: Some Evidence from a VECM Model,” (co-authored), American Economist, Volume 25, fall 2001, pp.3-12 (lead article).

2000

126. “Modeling Monetary Control in an Interest-Free Economy,” (co-authored) Journal of King Abdulaziz Univ.: Islamic Economics, Volume 12, 2000, pp.3-18 (lead article). 125. “Testing Export Exogeneity in Taiwan: Further Evidence,” (co-authored) Applied Economics Letters, Volume 7, 2000, pp. 563-567. 124. “Exchange-Rate Volatility and Trade Flow in an Emerging Market: Some Evidence from a GARCH,” (co-authored), Savings and Development, Vol. 24, 2000, pp. 287-301. 123. “On the Integration of Emerging Stock Markets,” (co-authored), Journal of Economic Development, Volume 25, December 2000, pp. 119-129. 122. “Testing the Random-Walk Hypothesis: A Model-Comparison Approach,” (co-authored) The Financial Review, Volume 35, August 2000, pp.105-124.

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121. “Do Structural Federal Budget Deficits Impact Commercial Bank Interest Rates?” Public Finance Review, Volume 28, May 2000, pp.187-194. 120. “Monetary Stability and Interest-Free Banking Revisited,” Applied Economics Letters, Volume 7, 2000, pp.803-806. 119. “Can Consumer Attitudes Forecast the Macro Economy?” (Co-authored) The American Economist, Volume 44, spring 2000, pp. 34-42. 118. “On the Gompertz Process and Cointegration: Modeling New Product Sales,” Quarterly Journal of Business and Economics, Volume 39, winter 2000, pp.49-56. 117. “Are Budget Deficits Inflationary? A Reconsideration of the Evidence,” Applied Economics Letters, Volume 7, 2000, pp.633-636.

1999

116. “On the Diffusion of New Subscribed Services under Independent Adoption Processes,” (co-authored) Decision Sciences Institute, 1999. Proceedings of the 30th Annual National Meeting, Volume 1, November 1999, pp.338-340. 115. “On the Long-Run Relationship between Population and Economic Growth: Some Time Series Evidence for Developing Countries,” (co-authored) Eastern Economic Journal, Volume 25, summer 1999, pp. 301-313. 114. “Forecasting Corporate Performance: VECM Comparison with Other Time Series Models,” (co-authored) Studies in Economics and Finance, Vol.19, Sp.1999, pp. 49-61. 113. “Are Financial Deepening and Economic Growth Causally Related? Another Look at the Evidence,” International Economic Journal, Volume 13, autumn 1999, pp. 19-35. 112. “On the Interrelationship among Real, Monetary, and Financial Variables,” Applied Financial Economics, Volume 9, 1999, pp. 289-293. 111. "The Long-Run Relationship between Spot and Futures Prices of S&P 500 Index: Evidence from Cointegration Tests," (co-authored) Advances in Investment Analysis and Portfolio Management, edited by C. F. Lee (Stamford, CT: JAI Press, 1999).

1998

110. “Does Money Matter in Developing Economies? Some Evidence from the Solow Estimator,” (co-authored) Review of Financial Economics, Volume 7, 1998, pp. 213-220. 109. “Tax and Spend or Spend and Tax: An Inquiry into the Turkish Budgetary Process,” Southern Economic Journal, Volume 64, April 1998, pp. 940-956. 108. “Mortgage Loan Rates and Deposit Costs: Are They Reliably Linked?” (Co-authored), Journal of Real Estate, Finance and Economics, V. 16, Jan.1998, pp. 27-42.

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107. “Predicting Future Buyer Behavior with Consumer Confidence and Sentiment Indexes,” (co-authored) Marketing Letters, Volume 9, November 1998, pp. 349-360. 106. "Changing Market Conditions and Advertising Strategies: Theory and Evidence," (co- authored) Journal of Operational Research Society, Volume 49, 1998, pp. 42-51.

1997

105. “On the Role of Fiscal Policy in the U.S. Economy,” (co-authored) Studies in Economics and Finance, Volume 18, fall 1997, pp. 36-58. 104. “Domestic and International Sources of Inflation in Some Muslim Countries: An Empirical Inquiry,” The Middle East Business and Economic Review, Vol. 9, Jan.1997, pp. 14-24. 103. Presented to the First Workshop on Inflation in Muslim Countries, Faysal Islamic Bank of Bahrain, Jeddah, Saudi Arabia, December 20-21, 1995. 103. “U. S. Oil Consumption, Oil Prices, and the Macro economy: A Reply to Hamilton,” (Co-authored) Empirical Economics, Volume 22, 1997, pp. 157-159.

1996

102. “On Currency Substitution and Money Demand Instability,” (co-authored) International Review of Economics and Finance, Volume 5, 1996, pp. 321-334. 101. “Financial Deregulation, Monetary Policy, and Stock Market (In) Efficiency,” (co-authored) Quarterly Journal of Business and Economics, Vol. 35, Aut.1996, pp. 18-27. 100. “U.S. Oil Consumption, Oil Prices, and the Macro Economy,” (co-authored) Empirical Economics, Volume 21, 1996, pp. 317-334. 99. “On the Federal Budget Deficit Dilemma: Has Television Contributed?” (Co-authored), American Economist, Volume 40, fall 1996, pp. 77-85. 98. “Modeling Money Demand in the United Arab Emirates,” (co-authored), Quarterly Review of Economics and Finance, Vol. 36, spring 1996, pp. 65-87. Abstracted in Monetary Economics Abstract, Economic Research Network, Volume1, July 22, 1996. 97. “On the Design of Interest-Free Financial Instruments: Theoretical Rationale and Simulation Results,” (co-authored), JKAU: Islamic Economics, Vol. 8, 1996, pp. 53-61.

1995

96. “Review of Studies on Causes and Consequences of the 1989-92 Credit Slowdown,” Southern Economic Journal, Volume 62, October 1995, pp. 499-500. 95. “Resource Mobilization under the Islamic Profit-Loss-Sharing Scheme: A Note,” (co-authored) JKAU: Islamic Economics, Volume 7, 1995, pp. 37-39.

16

94. “Hybrid Profit-Sharing Securities: A General Equilibrium Analysis," (co-authored), Middle East Business and Economic Review, Volume 7, June 1995, pp. 10-17. 93. “Inter-Industry Differences and the Impact of Operating and Financial Leverages on Equity Risk,” (co-authored), The Review of Financial Economics, Volume 4, spring 1995, pp. 141-155. 92. “Has Futures Trading Activity Caused Stock Price Volatility?” (Co-authored), The Journal of Futures Markets, Volume 15, August 1995, pp. 537-557. 91. “Commodity Prices, Inflation and Monetary Policy: The Case of the Arab Gulf Countries,” (co-authored), in Global Commodity Price Stabilization: Implications for Trade and Development, edited by O. Suliman and M. El Baghdadi, Greenwood Pub. Group, 1995 (reviewed in Eastern Economic Journal, Volume 22, summer 1996).

1994

90. “Wage Growth and the Inflationary Process: A Reexamination,” Southern Economic Journal, Volume 61, July 1994, pp. 181-190. 89. “Stock Market Efficiency and the Federal Budget Deficit: Another Anomaly?” co-authored), The Financial Review, Volume 29, February 1994, pp. 49-75. 88. “The Value of Time and Recent U.S. Money Demand Instability,” (co-authored) Southern Economic Journal, Volume 60, January 1994, pp. 564-578. 87. “Volatility of Money Growth and the U.S. Velocity Puzzle: Some Further Results,” (co-authored), Journal of Economics and Business, Vol. 46, May 1994, pp. 77-87. 86. “Testing Alternative Views of Government Budgeting,” (co-authored), Review of Financial Economics, Volume 3, spring 1994, pp. 19-40. 85. “Human Capital Investment and Growth: Some Results from an Endogenous Growth Model,” (co-authored), Journal of Economics and Finance, Vol.18, spring 1994: 67-80.

1993

84. “Equity Capital, Profit-Sharing Contracts, and Investment: Theory and Evidence,” (co-authored), Journal of Business Finance and Accounting, Volume 20, September 1993, pp. 639-651. 83. “Islamic Banking: Some Unsettled Issues of Stability and Growth,” (co-authored) Journal of Objective Studies, January 1993, pp. 112-116. 82. “On the Real Estate Market Efficiency,” (co-authored), Journal of Real Estate, Finance and Economics, Volume 7, July 1993, pp. 55-72 (abstracted by R. E. Copley in the CFA Digest, Volume 23, fall 1993, pp. 68-69).

17

81. “The Role of Interest Rates in Contemporary Muslim Economies: A Reexamination,” JKAU: Islamic Economics, Volume 5, 1993, pp. 39-49. 80. “A Competitive Advertising Model: Some Theoretical and Empirical Results,” (co-authored), Journal of Operational Research Society, Vol.44, No. 5, 1993, pp. 491-502. 79. “National Saving and the Twin Deficits: Comment,” in The Economics of Saving, edited by James H. Gapinski (Boston: Kluwer Academic Publishers, 1993).

1992

78. “The Economic Consequences of the Gulf War--A Review,” International Journal of Middle East Studies, Volume 24, February 1992, p. 173. 77. “Human Capital, Government Policies, and Economic Growth: Some Evidence for Muslim Countries,” (co-authored), in Economic Growth and Human Resource Development in Islamic Perspective, Washington, D.C. International Institute of Islamic Thought, 1992. 76. “Economic Growth and the Role of the Private Sector,” (co-authored), Economia Internazionale, Volume 165, August/November 1992, pp. 277-288. 75. “The Effects of Monetary Targeting on Business Activity and Financial Stability in the U.K.” (co-authored), Journal of Banking and Finance, Volume 16, June 1992, pp. 523-543. (Abstracted by J. S. Howe in the ISFA Digest, Volume 4, Fall 1992, pp. 27-28). 74. “Real Deficits and Real Growth: Some Further Results,” (co-authored), Journal of Post-Keynesian Economics, Volume 15, fall 1992, pp. 31-41. 73. “U.S. Farm Exports, Government Deficits, and Money Growth: Some Evidence from Vector Auto regressions,” (co-authored), International Trade Journal, Volume 6, spring 1992, pp. 355-373. 72. “Petroleum Demand, Income Feedback Effects, and OPEC's Pricing Behavior: Some Theoretical and Empirical Results,” (co-authored), International Review of Economics and Finance, Volume 1, 1992, pp. 247-259. 71. “On Comparing Alternative Advertising Policies of Pulsation,” (co-authored), Decision Sciences, Volume 23, May/June 1992, pp. 541-564. 70. “Equity Participation Contracts and Investment: Some Theoretical and Empirical Results,” (co-authored), American Journal of Islamic Social Studies, Vol. 9, summer 1992, pp. 219-232.

1991

69. “Policy Impacts Under Rational Expectations,” Journal of Banking and Finance, Volume 15, April 1991, pp. 257-271.

18

68. “Governing the $5 Trillion Economy: A Review of Herbert Stein's Book,” Southern Economic Journal, Volume 57, April 1991, pp. 1189-1190. 67. “The U.S. Saving Challenge: Policy Options for Productivity and Growth: A Review,” Southern Economic Journal, Volume 58, October 1991, pp. 545-546. 66. “Have Budget Deficits and Money Growth Caused Changes in Interest Rates and Exchange Rates in Canada?,” (co-authored), North American Review of Economics and Finance, Volume 2, spring 1991, pp. 69-82. 65. “An Application of a VAR Technique to the Beta Decomposition Model,” (co-authored), Quarterly Journal of Business and Economics, Vol.30, spring 1991, pp. 75-89. 64. “Islamic Law and Finance, A Review,” The American Journal of Islamic Social Sciences, Volume 8, December 1991, pp. 549-550.

1990

63. “Stock Returns, Money and Fiscal Deficits,” Journal of Financial and Quantitative Analysis, Volume 25, September 1990, pp. 387-397. 62. “Structural Federal Deficits and Interest Rates: Some Causality and Co-Integration Tests,” Southern Economic Journal, Volume 56, January 1990, pp. 752-759. 61. “Domestic and International Sources of Inflation in Developing Countries: Some Evidence from the Monetary Approach,” (co-authored), International Economic Journal, Volume 4, winter 1990, pp. 55-69. 60. “The Impact of Federal Debt upon Stock Prices in the United States,” Journal of Post-Keynesian Economics, Volume 12, spring 1990, pp. 375-389. 59. “Impact of External Price Shocks upon the Oil-Based Developing Economies,” (co-authored), Journal of Economic Studies, Volume 17, 1990, pp. 36-49. 58. “Capital Mobility, Monetization, and Money Demand in Developing Economies,” (co-authored), American Economist, Volume 54, spring 1990, pp. 69-75. 57. “Islamic Banking: An Outline of Some Conceptual and Empirical Aspects,” (co-authored), Savings and Development, Volume 14, 1990, pp. 185-192.

1989

56. “Federal Deficits and Money Growth in the United States: A VAR Analysis,” (co-authored), Journal of Banking and Finance, Volume 13, March 1989, pp. 137-149. 55. “Fiscal Deficits and Long-Term Interest Rates: Further Evidence from Annual Data,” Southern Economic Journal, Volume 56, October 1989, pp. 363-374.

19

54. “Real Estate Returns, Money and Fiscal Deficits: Is the Real Estate Market Efficient?” (co-authored) Journal of Real Estate, Finance and Economics, Volume 2, September 1989, pp. 197-208. 53. “Has Inflation Uncertainty Hampered Economic Growth in Latin America?” (co-authored), International Economic Journal, Volume 3, summer 1989, pp. 1-15. 52. “Is Financial Deepening a Prescription for Economic Growth,” (co-authored), American Economist, Volume 34, fall 1989, pp. 25-33.

1988

51. “On Fiscal Policy and the Stock Market,” Journal of Money, Credit and Banking, Volume 20, Part 1, August 1988, pp. 353-363. 50. “Budget Deficits, Money Growth and Causality: Further OECD Evidence,” (co- authored), Journal of International Money & Finance, Vol. 7, June 1988, pp. 231- 242. 49. “Have Large Budget Deficits Caused Rising Trade Deficits?” Southern Economic Journal, Volume 54, April 1988, pp. 879-887. (Abstracted by R. A. McLean in The CFA Digest, Volume 18, Fall 1988, pp. 64-65.) 48. “Economic Growth and the Expanding Public Sector: A Reexamination,” (co-authored), Review of Economics and Statistics, Volume 70, May 1988, pp. 322-330. 47. “Does Inflation Inhibit or Promote Growth?” Quarterly Journal of Business and Economics, Volume 27, autumn 1988, pp. 113-131. 46. “Are Exports an Engine of Growth? A Reply,” Applied Economics, Volume 20, November 1988, p. 1561. 45. “Inflation, Unemployment, and Monetary Policy,” Journal of Economic Development, Volume 13, December 1988, pp. 141-150. 44. “The Islamic Interest-Free Banking System: An Empirical Analysis,” Applied Economics, Volume 20, March 1988, pp. 417-425. 43. “Rational Expectations and the Role of Stabilization Policies: Some Tests Based on the Fisher Equation,” Eastern Economic Journal, Vol.14, July/Sept. 1988, pp. 211-219. 42. “The Stability of the Money Demand Function,” Savings and Development, Vol.12, 1988, pp. 89-97. 41. “Price Instability and Inflation: Some Evidence Based on Rational Expectations Models,” (co-authored), Economics Letters, Volume 26, 1988, pp. 111-119.

20

1987

40. “The Behavior of Stock Market in a Developing Economy,” Economics Letters, (co-authored), Volume 22, 1987, pp. 273-278. 39. “Inflation Uncertainty and Saving Behavior,” Review of Money, Finance and Banking, Volume 11, 1987, pp. 69-76. 38. “Money and Stock Prices in W. Germany and U.K: Is the Stock Market Efficient?,” Quarterly Journal of Business and Economics, Vol.26, winter 1987, pp. 20 -35. 37. “Are Exports an Engine of Growth?,” Applied Economics, Volume19, Feb.1987, pp. 277-283. 36. “A Monetarist Interpretation of Inflation: A Comment,” Journal of Social, Political and Economic Studies, Volume 12, spring 1987, pp. 107-109. 35. “The Inflationary Process in A Developing Economy: A Reexamination of the Evidence,” International Journal of Middle East Studies, Volume 19, August 1987, pp. 385-392. 34. “The Policy Ineffectiveness Proposition,” Economics Letters, Volume 25, 1987, pp. 117-122.

1986

33. “Fiscal Impulse and the Real Economy,” Public Finance, Vol. 41, 1986, pp. 316-330. 32. “Inflation, Its Variability and Consumer's Behavior,” Economia Internazionale, Volume 39, August/November 1986, pp. 309-316. 31. “Trade and Development: The Asian Experience,” The CATO Journal, Volume 6, Fall 1986, pp. 695-699. 30. “The Demand for Money in Some Major OPEC Members: Regression Estimates and Stability Results,” Applied Economics, Vol. 18, Feb. 1986, pp. 127-142 (lead article). 29. “Monetization and the Demand for Money: The Experience of Some Latin American Countries,” Savings and Development, Volume 10, 1986, pp. 59-70. 28. “The Economic Impacts of Taxes in the U.S.: Some Tests Based on the St. Louis Model,” Journal of Economic Studies, Volume 13, 1986, pp. 3-13 (lead article). 27. “On the Neutrality of Fiscal Policy,” Journal of Economics and Business, Volume 38, August 1986, pp. 193-201.

21

26. “Financial Changes and Interest Elasticity of Money Demand: Further Tests of Gurley and Shaw Thesis,” (co-authored), Journal of Development Studies, Volume 22,

July 1986, pp 724-730. 25. “Money, Inflation and Causality,” Journal of Macroeconomics, Volume 8, winter 1986, pp. 87-103.

1985

24. “The Monetarist versus the New Classical Economics and the Money - Unemployment Linkage: Some European Evidence,” Quarterly Journal of Business and Economics, Volume 24, summer 1985, pp. 78-91. 23. “The Money Demand Relationship in Saudi Arabia: Reply,” Journal of Economic Studies, Volume 12, 1985, pp. 65-67. 22. “The Money Demand Relationship in Saudi Arabia: Rejoinder,” Journal of Economic Studies, Volume 12, 1985, p. 71. 21. “The Impact of Fiscal Policy under Rational Expectations: Some Tests,” Journal of Macroeconomics, Volume 7, fall 1985, pp. 553-565. 20. “Are Checking Accounts in American Banks Permissible Under Islamic Laws?” American Journal of Islamic Social Sciences, Volume 2, July 1985, pp. 101-103.

19. “Are Budget Deficits and Wage Costs Prime Causes of Inflation? Another Look at the Evidence from the United Kingdom and the United States,” Journal of Post-Keynesian Economics, Volume 7, winter 1984-85, pp. 177-192. 18. “Unanticipated Inflation and Real Output: The Canadian Evidence,” Canadian Journal of Economics, Volume 18, February 1985, pp. 146-155. 17. “Inflation and Federal Budget's Deficits: Some Empirical Results,” Public Finance Quarterly, Volume 13, April 1985, pp. 206-215. 16. “The Demand for Money in Brazil: Some Further Results,” Journal of Development Economics, Volume 18, 1985, pp. 485-491. 15. “Anticipated Money and Real Output in Italy: Some Tests of a Rational Expectations Approach,” Journal of Post-Keynesian Economics, Volume 8, fall 1985, pp. 81-90. 14. “The Monetary Explanation of Inflation: The Experience of Three Major OPEC Economies,” Journal of Economics and Business, Volume 37, August 1985, pp. 209-221. 13. “Does Anticipated Monetary Policy Matter? The Canadian Evidence,” Atlantic Economic Journal, Vol. 8, March 1985, pp. 19-26.

22

12. “Inflationary Surprises and Real Economic Activity: Some Tests Based on Efficient Market Expectations,” Kredit and Kapital, Volume 18, January 1985, pp. 230-238. 11. “Unanticipated Versus Anticipated Monetary Policy and Real Output,” American Economist, Volume 29, spring 1985, pp. 73-77. 10. “Inflation in Saudi Arabia: An Econometric Investigation,” Journal of Economic Studies, Volume 12, 1985, pp. 41-51. 9. “The Demand for Money in a Developing Economy,” World Development, Volume 13, 1985, pp. 1163-1170. 8. “Does Anticipated Fiscal Policy Matter? The Italian Evidence,” Public Finance Quarterly, Volume 13, July 1985, pp. 339-352. 7. “Inflationary Expectations and Interest Rate a lá Patinkin's General Equilibrium Model,” American Economist, Volume 24, Fall 1985, pp. 55-56. 6. “Efficient' Market Testing of the Expectations-Adjusted Supply Function Hypothesis,” Applied Economics, Volume 17, December 1985, pp. 1065-1070. 5. “The Monetarist versus New-Keynesian Views on Inflation,” Economics Letters, Volume 19, 1985, pp. 237-241.

1984

4. “The Dominant Influence of Fiscal Actions in Developing Countries,” Eastern Economic Journal, Volume 10, July/September 1984, pp. 271-283. 3. “The Money Demand Relationship in Saudi Arabia,” Journal of Economic Studies, Volume 11, 1984, pp. 43-50. 2. “The Inflationary Process in Greece: An Empirical Investigation,” Economia Internazionale, Volume 37, August/November 1984, pp. 268-278.

1983

1. “Patinkin's Neutral Shift in Liquidity Preference: A Note,” Indian Economic Journal, Volume 31, July/Sept 1983, pp. 107-109.

23

Published Articles Cited by Other Authors as listed, for example, in Social Sciences Citation Index and Google Scholar (Partial List for Citations from 2009-to-Present)

Citations in 2014

Journal of International Money and Finance, 2005 (cited by Adcock, C. et al., Journal of International Money and Finance, 2014).

Journal of International Money and Finance, 2005 (cited by Tam, P.S., Journal of Comparative Economics, 2014). Journal of International Money and Finance, 2005 (cited by Apergis, N. et al., North American Journal of Economics and Finance, 2014). Journal of Business Research, 2010 (cited by He, H et al., Journal of International Financial Markets, Institutions and Money, 2014).

Applied Economics, 1987 (cited by R. V. Sannassee, B. Seetanah, and J. Jugessur, The Journal of Developing Areas, 2014).

Financial Review, 2000 (cited by Gourishankar S. Hiremath, Indian Stock Market, 2014).

Journal of Banking & Finance, 2004 (cited by Qianwei Yi and Ziying Liang, Proceedings of the Seventh International Conference on Management Science and Engineering Management, 2014).

Journal of Banking & Finance, 2003 (cited by Neda Todorova and Michael Souček, Economic Modelling, 2014).

Journal of Banking & Finance, 2003 (cited by Kais Tissaoui and Chaker Aloui, International Journal of Management Science and Engineering Management, 2014).

Cato Journal, 1986 (cited by R. V. Sannassee, B. Seetanah, and J. Jugessur, The Journal of Developing Areas, 2014).

Journal of Economic Development, 2000 (cited by Abu Bakarr Tarawalie, Christian Regobeth K. Ahortor, and Marshall Umo, Regional Economic Integration in West Africa, 2014).

Citations in 2013 Journal of International Money and Finance, 2005 (cited by Hirayama, K. and Tsutsui, Y., Asian Economic Papers, 2013). Journal of International Money and Finance, 2005 (cited by Pierdzioct, C., and Kizys, R,

24

International Economic Journal,2013). Journal of International Money and Finance, 2005(cited by Lahrech A. and Sylwester, K, North America Journal of Economics and Finance, 2013). Journal of Banking and Finance, 2011 (cited by BR Auer, Applied Economics, 2013). Journal of Banking and Finance, 2007 (cited by CM Ho, Applied Financial Economics, 2013). Journal of Banking and Finance, 2007 (cited by C. Chance, S. Wu and C. Hsu, Business and Information, 2013). Applied Economics, 1988 (cited by E.H. Ergec and B. G. Arslan, Applied Economics, 2013). Applied Economics, 2005 (cited by F Balli, HO Balli, Applied Economics, 2013). Global Finance Journal, 2007 (cited by EH Ergeç, BG Arslan, Applied Economics, 2013). Global Finance Journal, 2007 (cited by N. Abdul-Halim, Applied Mathematical Sciences, 2013). Review of Financial Economics, 2009 (cited by M. Zare and A. Haghighat, Journal of Economics and Behavioral Studies, 2013). Journal of Economic Studies, 1984 (cited by KA Alkhathlan, Applied Economics Letters, 2013). Applied Economics, 1988 (cited by A. T. Ijaz and A. Ali, IOSR Journal of Business and Management, 2013). Southern Economic Journal, 1998 (cited by H. Akca and C. Bilgin, Business and Economics Research Journal, 2013). Quarterly Review of Economics & Finance, 2002 (cited by E.H. Ergec and B. G. Arslan, Applied Economics, 2013). Applied Financial Economics, 2006 (cited by F. Balli, S. A. Basher and R. J Louis, Journal of International Financial Markets, Institutions and Money, 2013). Applied Economics, 1986 (cited by O. Sanya, Journal of Natural Sciences Research, 2013). Applied Financial Economics, 1999 (cited by K. Mustafa, R. Ahmed, and A. Siddique, European Journal of Business and Management, 2013).

25

Journal of King Abdul-Aziz University- Islamic Economics, 1999 (cited by M. Salleh, A. Jaafar, and M. Ebrahim, Journal of Economic Behavior and Organization, 2013). Southern Economic Journal, 1988 (cited by C. R. Sobrino, Journal of Economics, Finance, and Administrative, 2013). Southern Economic Journal, 1988 (cited by S. Ali et al., International Journal of Social Economics, 2013). Southern Economic Journal, 1988 (cited by M. Mili and J. Sahut, Emerging Markets Journal, 2013). Studies in Economics and Finance, 2003 (cited by A. Said, International Journal of Economics and Financial Issues, 2013). Applied Economics, 1986 (cited by S. Ogunsakin, Journal of Natural Sciences, 2013). Financial Review, 2000 (cited by P. Ahmed in, Market Microstructure in Emerging and Developed Markets, edited by H. K. Baker and H. Kiymaz, 2013). The Journal of Real Estate Finance and Economics, 1989 (cited by Gwangheon Hong, Jaeuk Khil, and Bong‐Soo Lee, Asia‐Pacific Journal of Financial Studies, 2013).

The Journal of Real Estate Finance and Economics, 1989 (cited by Gwangheon Hong and Bong Soo Lee, The Journal of Real Estate Finance and Economics, 2013).

The Journal of Real Estate Finance and Economics, 1989 (cited by David Rodriguez, Business and Economics Journal, 2013).

Journal of Macroeconomics, 1987 (cited by Tahereh Alavi Hojjat and Bradley C. Barnhorst, International Journal of Business and Emerging Markets, 2013).

Journal of Business Finance & Accounting, 2003 (cited by Amir Armanious, Financial Integration, 2013).

Southern Economic Journal, 1989 (cited by Farhana Ismail and Rossazana Ab Rahim, IUP Journal of Bank Management, 2013).

Southern Economic Journal, 1989 (cited by Farhana Ismail, M. Shabri Abd Majid, and Rossazana Ab Rahim, Journal of Financial Reporting and Accounting, 2013).

Southern Economic Journal, 1989 (cited by Ali Said, International Journal of Economics and Financial Issues, 2013).

Southern Economic Journal, 1989 (cited by Sanjeev C. Panandikar, IUP Journal of Bank Management, 2013).

26

Journal of Banking & Finance, 2003 (cited by Marco Taliento, International Review of Business Research Papers, 2013).

Journal of Banking & Finance, 2003 (cited by Mustafa Sayim, Pamela D. Morris, and Hamid Rahman, Review of Behavioral Finance, 2013).

Applied Economics, 1988 (cited by Rosylin Mohd Yusof and Mejda Bahlous, Journal of Islamic Accounting and Business Research, 2013).

Applied Economics, 1988 (cited by E. H. Ergeç and B. G. Arslan, Applied Economics, 2013).

Southern Economic Journal, 1990 (cited by Joseph Chukwudi Odionye and Kalu Ebi Uma, European Journal of Business and Social Sciences, 2013).

Journal of Money, Credit and Banking, 1988 (cited by Kofi F. Asiedu and Kofi B. Afful, International Journal of Economics and Finance, 2013).

Journal of Money, Credit and Banking, 1988 (cited by Yu Hsing, Economies, 2103).

Journal of Money, Credit and Banking, 1988 (cited by Ray R. Sturm, Journal of Economics and Finance, 2013).

Journal of Money, Credit and Banking, 1988 (cited by Samuel Antwi, Xicang Zhao, and Ebenezer Fiifi Emire Atta Mills, International Business Research, 2013).

Journal of Money, Credit and Banking, 1988 (cited by Ioannis Chatziantoniou, David Duffy, and George Filis, Economic Modelling, 2013).

Journal of Money, Credit and Banking, 1988 (cited by Roshaiza Taha, Accounting & Taxation, 2013).

Financial Review, 2002 (cited by Sowmya Dhanaraj and Arun Kumar Gopalaswamy, Journal of Financial Economic Policy, 2013).

Financial Review, 2002 (cited by Kiran Mehta and Renuka Sharma, International Conference on Management and Information Systems, 2013).

Southern Economic Journal, 1998 (cited by Francis Mhere, Shadreck Matindike, and Miriam Mugwati, Journal of International Finance & Economics, 2013).

Journal of Economic Development, 2000 (cited by Amir Armanious, Financial Integration, 2013).

Journal of Economic Development, 2000 (cited by Khaled Guesmi and Frédéric Teulon, International Economics, 2013).

Cato Journal, 1986 (cited by Chor Foon Tang, Journal of Applied Statistics, 2013).

27

Cato Journal, 1986 (cited by Mehmet Balcilar and Zeynel Abidin Ozdemir, Empirical Economics, 2013).

Journal of Banking & Finance, 2003 (cited by Dimitris Balios, et al., International Research Journal of Applied Finance, 2013).

Journal of Banking & Finance, 2003 (cited by Hoda Aminian and Hafez Ave, Australian Journal of Basic and Applied Sciences, 2013).

Journal of Banking & Finance, 2003 (cited by Chandrasekhar Krishnamurti, et al., Journal of the Asia Pacific Economy, 2013).

Journal of Futures Markets, 1995 (cited by Namita Rajput, Ruhi Kakkar, and Geetanjali Batra, Asian Journal of Finance & Accounting, 2013).

Journal of Futures Markets, 1995 (cited by Hamid Ullah and Attaullah Shah, IBA Business Review, 2013).

Journal of Futures Markets, 1995 (cited by Shiqing Xie and Taiping Mo, Journal of Futures Markets, 2013).

Journal of Futures Markets, 1995 (cited by Govind Chandra Patra and Shakti Ranjan Mohapatra, Vilakshan: The XIMB Journal of Management, 2013).

Journal of Futures Markets, 1995 (cited by Ranajit Chakraborty and Rahuldeb Das, Journal of Applied Finance, 2013).

The Review of Economics and Statistics, 1988 (cited by Douglas M. Walker, Casinonomics, 2013).

Journal of Financial and Quantitative Analysis, 1990 (cited by Augustine Addo and Fidelis Sunzuoye, European Journal of Business and Economics, 2013).

Journal of Financial and Quantitative Analysis, 1990 (cited by Igbinedion Sunday Osahon and Dickson E. Oriakhi, Ekonomska misao i praksa, 2013).

Journal of Financial and Quantitative Analysis, 1990 (cited by Chetna Parmar, International Journal, 2013).

Journal of Financial and Quantitative Analysis, 1990 (cited by Yu Hsing, Economies, 2013).

Journal of Financial and Quantitative Analysis, 1990 (cited by Ming-Hsiang Chen, Tourism Economics, 2013).

Journal of Financial and Quantitative Analysis, 1990 (cited by Ray R. Sturm, Journal of Economics and Finance, 2013).

28

Journal of Financial and Quantitative Analysis, 1990 (cited by Yu Hsing, Antoinette S. Phillips, and Carl Phillips, Research in Applied Economics, 2013).

Journal of Financial and Quantitative Analysis, 1990 (cited by Roshaiza Taha, Accounting & Taxation, 2013).

Journal of Banking & Finance, 2004 (cited by Mustafa Okur, Ekonomska istraživanja, 2013).

Journal of Banking & Finance, 2004 (cited by Sanjay Sehgal, Neha Berlia, and Wasim Ahmad, International Journal of Economics and Finance, 2013).

Journal of Banking & Finance, 2004 (cited by Yang Hou and Steven Li, Asia-Pacific Financial Markets, 2013).

Journal of Banking & Finance, 2004 (cited by H. G. Fung and Liu, Q. W., Chinese Economy, 2013).

Journal of Banking & Finance, 2004 (cited by Jing Shi and Tracy Xu, Economic Modelling, 2013).

Journal of Banking & Finance, 2004 (cited by Michael Bowe, Stuart Hyde, and Lavern McFarlane, Emerging Markets Review, 2013).

Journal of Banking & Finance, 2004 (cited by Zhuo Qiao, Wing-Keung Wong, and Joseph KW Fung, Economic Modelling, 2013).

International Economic Journal, 1999 (cited by Mehmet Mercan and İsmet Gocer, Journal of Economic and Social Studies, 2013).

International Economic Journal, 1999 (cited by Martins Iyoboyi, Economic Notes, 2013).

International Economic Journal, 1999 (cited by Nicholas M. Odhiambo, International Journal of Sustainable Economy, 2013).

International Economic Journal, 1999 (cited by Gao Yuandong, et al., Agricultural Economics, 2013).

International Economic Journal, 1999 (cited by Sarbapriya Ray, International Journal of Economic Practices and Theories, 2013).

International Economic Journal, 1999 (cited by S. Y. Ho and N. M. Odhiambo, International Business & Economics Research Journal, 2013).

International Economic Journal, 1999 (cited by Xuezhi Qin and Benson Otieno Ndiege, International Journal of Financial Research, 2013).

29

International Economic Journal, 1999 (cited by Oludele Akinloye Akinboade and Emilie Chanceline Kinfack, Social Indicators Research, 2013).

Financial Review, 2000 (cited by Biljana Rakic and Tamara Radjenovic, Actual Problems of Economics, 2013).

Financial Review, 2000 (cited by Parvez Ahmed, Market Microstructure in Emerging and Developed Markets, 2013).

Financial Review, 2000 (cited by Luca Bagnato, Lucio De Capitani, and Antonio Punzo, Methodology and Computing in Applied Probability, 2013).

Financial Review, 2000 (cited by Szabolcs Blazsek, and Anna Downarowicz, The European Journal of Finance, 2013).

Financial Review, 2000 (cited by Thian Cheng Lim, et al., Journal of Economics & Finance, 2013).

Financial Review, 2000 (cited by Scott J. Niblock and Jennifer L. Harrison, Journal of Sustainable Finance & Investment, 2013).

Southern Economic Journal, 1988 (cited by César R. Sobrino, Journal of Economics, Finance and Administrative Science, 2013).

Southern Economic Journal, 1988 (cited by Mossadak Anas, International Journal of Business and Social Research, 2013).

Southern Economic Journal, 1988 (cited by Hany Eldemerdash, Hugh Metcalf, and Sara Maioli, Empirical Economics, 2013).

Southern Economic Journal, 1988 (cited by Phouthanouphet Saysombath and Phouphet Kyophilavong, International Business & Management, 2013).

Southern Economic Journal, 1988 (cited by EL-Moussawi Chawki and Ali Awdeh, International Research Journal of Finance & Economics, 2013).

Southern Economic Journal, 1988 (cited by Amit Roy and Sanat Das Gupta, International Journal of Economics & Financial Issues, 2013).

Southern Economic Journal, 1988 (cited by Phouthanouphet Saysombath and Phouphet Kyophilavong, World Applied Sciences Journal, 2013).

Southern Economic Journal, 1988 (cited by Emmanouil Trachanas and Constantinos Katrakilidis, Economic Modelling, 2013).

Southern Economic Journal, 1988 (cited by Shahid Ali, Fazli Rabbi, Umar Hayat, and Naveed Ali, International Journal of Social Economics, 2013).

30

Citations in 2012

Journal of Banking and Finance, 2003 (cited by H. Farag and R. Cressy, European Journal of Finance, 2012). Journal of Banking and Finance, 2003 (cited by M. Kumar, American Journal of Finance and Accounting, 2012). Journal of Banking & Finance, 2003 (cited by A Szafarz, Journal of Banking & Finance, 2012). Financial Review, 2006 (cited by K. Krieger et al, Financial Markets & Portfolio Management, 2012). Journal of Banking & Finance, 2011 (cited by PH Chou, PH Ho, KC Ko, Journal of Banking & Finance, 2012). Journal of Real Estate Finance and Economics, 1993 (cited by M. Marekwica, R. Maurer, and S. P. Sebastian, Journal of Real Estate Portfolio Management, forthcoming). Financial Review, 2000 (cited by R. Biscontri, Intelligent Systems in Accounting, Finance and Management, 2012). Financial Review, 2000 (cited by TTL Chong, TH Lam, IKM Yan, China Economic Review, 2012). Financial Review, 2000 (cited by A Sadat, G Hiremath, B Kamaiah, The IUP Journal of Applied Economics, 2012). Journal of International Money & Finance, 1988 (cited by H. Y. Lin and HP Chu, Journal of International Money & Finance, 2012) Applied Financial Economics, 2006 (cited by M Chaudhry, and R. Boldin, Applied Financial Economics, 2012). Applied Financial Economics, 2006 (cited by A. Maghyereh and B. Wartani, Applied Financial Economics, 2012). Applied Financial Economics, 2006 (cited by P Sakthivel, B Kamaiah, Journal of Economics and Behavioral Studies, 2012). Applied Financial Economics, 2006 (cited by MEH Arouri, C Rault, International Journal of Finance & Economics, 2012). Public Finance Quarterly, 2000 (cited by R. Cebula, PSL Quarterly Review, 2012). Eastern Economic Journal, 1984 (cited by MA. Abata, JS. Kehinde, and SA Bolarinwa,

31

International Journal of Academic Research in Economics and Management Sciences, 2012). Southern Economic Journal, 1988 (cited by S Kalou, SM Paleologou, Journal of Policy Modeling, 2012). Southern Economic Journal, 1988 (cited by A Perera, E Liyanage, Staff Studies, 2012). Southern Economic Journal, 1988 (cited by P Misztal, MPRA Paper, 2012). Southern Economic Journal, 1998 (cited by F. Bagheri, K. Piraee and S. Keshtkaran, Journal of Social and Development Sciences, 2012). Southern Economic Journal, 1998 (cited by O. Aregbeyen and T. Ibrahim, European Journal of Social Sciences, 2012). Southern Economic Journal, 1998 (cited by S. Payesteh, Business and Economics Research, 2012). Southern Economic Journal, 1998 (cited by GA Vamvoukas, Applied Economics, 2012). Southern Economic Journal, 1998 (cited by H. Mohammadi and G. Moshrefi, Applied Financial Economics, 2012). Southern Economic Journal, 1998 (cited by SF Dizaji, ISS Working Paper Series/General Series, 2012). Southern Economic Journal, 1998 (cited by SK Petanlar, S Sadeghi, International Journal of Economics and Management Engineering, 2012). Southern Economic Journal, 1998 (cited by Y Elyasi, M Rahimi, International Journal of Economic Sciences and Applied Research, 2012). The Review of Economics and Statistics, 1988 (cited by S Ray, IA Ray, Advances in Applied Economics and Finance, 2012). Review of Economics and Statistics, 1988 (cited by A. Olaiya, N. Ifeakachukwu and A. Ditimi, Research Journal of Finance and Accounting, 2012). Journal of Financial and Quantitative Analysis, 1990 (cited by A. Ozcan, International Journal of Economics and Financial Issues, 2012). Journal of Financial and Quantitative Analysis, 1990 (cited by Y Hsing, W Hsieh, Journal of Business Economics and Management, 2012). Journal of Financial and Quantitative Analysis, 1990 (cited by Y Hsing, Journal of Economics and Business, 2012). Cato Journal, 1986 (cited by A. Olaiya, N. Ifeakachukwu and A. Ditimi, Research

32

Journal of Finance and Accounting, 2012). Cato Journal, 1986 (cited by M Balcilar, ZA Ozdemir, Empirical Economics, 2012). Applied Economics, 2005 (cited by M. Djennas et al, International Research Journal of Finance & Economics, 2012). Economic Research Forum, 8th annual conference, 2002 (cited by A Said, Journal of Money, Investment and Banking, 2012). Economic Research Forum, 8th annual conference, 2002 (cited by A Onour, AMA Abdalla, Khartoum University Journal of Management Studies, 2012). Economic Research Forum, 8th annual conference, 2002 (cited by K. Kočišová, Ekonomický časopis, 2012). Applied Economics, 2005 (cited by N. Arfa, International Business & Economics Research Journal, 2012). Journal of Futures Markets, 1995 (cited by K. Dey and D Maitra, International Journal of Trade and Global Markets, 2012). Journal of Economic Development, 2000 (cited by M. Atyeh and W. Al-Rashed, European Journal of Business and Management, 2012). The Journal of Real Estate Finance and Economics, 1989 (cited by P. R. Goebel, et al. The Journal of Real Estate Finance and Economics, 2012). The Journal of Real Estate Finance and Economics, 1989 (cited by C. Y. Chang, et al. Journal of Property Investment and Finance, 2012). The Journal of Real Estate Finance and Economics, 1989 (cited by MC Chen, CO Chang, CY Yang and BM Hsieh, Journal of Real Estate Research, 2012). The Journal of Real Estate Finance and Economics, 1989 (cited by MC Chen, CL Peng, SD Shyu, JH Zeng, The Journal of Real Estate Finance and Economics, 2012). The Journal of Real Estate Finance and Economics, 1989 (cited by CC Chang, CW Wang, CY Yang, Journal of Risk and & Insurance, 2012). Journal of Business Finance & Accounting, 2003 (cited by U. Ergun, African Journal of Business Management, 2012). Applied Economics, 1988 (cited by NP Swartz, African Journal of Business Management, 2012). Economics Letters, 1986 (cited by M. Al-Mamun, International Journal of Applied Research in Business Administration & Economics, 2012).

33

Economics Letters, 1986 (cited by Md. Al-Mamun, and Md. Abdul Hanana Mia, International Journal of Business and Management, 2012). Economics Letters, 1986 (cited by R Dasgupta, International Research Journal of Finance and Economics, 2012). Economics Letters, 1986 (cited by AD Al-Raimony, and HM El-Nader, International Journal of Economics and Finance, 2012). Economics Letters, 1986 (cited by BG. Osisanwo, and A. Atanda, African Journal of Scientific Research, 2012). Advances in Quantitative Analysis of Finance & Accounting, 2008 (cited by J. Wang et al, Reviews of Pacific Basin Financial Markets & Policies, 2012). Journal of International Money & Finance, 2005 (cited by C. Piedzioch and R. Kizys International Economic Journal, 2012). Journal of Banking & Finance, 2007 (cited by H. Farag and R. Cressy, European Journal of Finance, 2012). Journal of Banking & Finance, 2007 (cited by B. Gebka, Bulletin of Economic Research, 2012). Journal of Banking & Finance, 2007 (cited by O Stotz, D Georgi, Review of Financial Economics, 2012). Journal of Banking & Finance, 2007 (cited by H Farag, R Cressy, The European Journal of Finance, 2012). Journal of Economics and Business, 1985 (cited by N. Al-Shammari et al, International Business & Economics Research Journal, 2012). Public Finance Review, 1985 (cited by HY Lin, HP Chu, Journal of International Money and Finance, 2012).qq ERF Working Paper, 2009 (cited by A. K. Sharma, National Conference on Emerging Challenges for Sustainable Business, 2012). Applied Financial Economics, 2005 (cited by G. Shabbir et al, International Journal of Economics & Finance, 2012). International Economic Journal, 1999 (cited by SA Asongu, MPRA Paper, 2012). Studies in Economics & Finance, 2003 (cited by W. Abdmoulah and B. Laaba, International Review of Business Research Papers, 2012). International Economic Journal, 1999 (cited by M. S. Horng et al, Applied Economics

34

Letters, 2012). Social Science Research Network, 2010 (cited by H. Platt and M. Platt, Journal of Business Research, 2012). International Economic Journal, 1999 (cited by M. Abdel-Baki, Global Economy Journal, 2012). Financial Review, 2002 (cited by YH Lee, Zagreb International Review of Economics and Business, 2012). Journal of Post-Keynesian Economics, 1990 (cited by Y. Hsing, Journal of Business Economics & Management, 2012). Journal of Post Keynesian Economics, 1984 (cited by AUH Aurangzeb, Universal Journal of Management and Social Sciences, 2012). Emerging Markets, Finance and Trade, 2006 (cited by D.H. Kim et al, Emerging Markets, Finance and Trade, 2012). Emerging Markets, Finance and Trade, 2006 (cited by X. Wang et al, Emerging Markets, Finance and Trade, 2012). Emerging Markets, Finance and Trade, 2006 (cited by D. Zhang et al, Emerging Markets, Finance and Trade, 2012). Applied Economics, 1987 (cited by HB Allaro, American Journal of Economics, 2012). Applied Economics, 1987 (cited by Rodríguez Benavides, F Venegas-Martínez, EconoQuantum, 2012). Journal of Economic Studies, 1985 (cited by SA Basher, EM Elsamadisy, OPEC Energy Review, 2012). Journal of Futures Markets, 1995 (cited by H Chen, Q Han, Y Li, K Wu, Journal of Futures Markets, 2012). Applied Financial Economics, 2005 (cited by JA Danquah, DB Sarpong, A Pappinen, Environment, Development and Sustainability, 2012). Journal of Money, Credit and Banking, 1988 (cited by L Agnello, V Castro, RM Sousa, Journal of Macroeconomics, 2012). The Journal of Real Estate Finance and Economics, 1989 (cited by CC Chang, CW Wang, CY Yang, Journal of Risk and & Insurance, 2012). American Economist, 1989 (cited by RO Oluitan, Business and Economic Research,

35

2012). Journal of Service Research, 2002 (cited by MG Nejad, H Estelami, Journal of Financial Services Marketing, 2012). International Journal of Middle East Studies, 1987 (cited by FC Tafti, International Journal of Business and Social Science, 2012). Journal of Economic Development, 2000 (cited by MH Atyeh, W Al-Rashed, European Journal of Business and Management, 2012). Journal of Economic Development, 2000 (cited by M Moeljadi, Asia-Pacific Management and Business Application, 2012). Journal of Economic Development, 2000 (cited by A Armanious, Mediterranean Programme, 13th Mediterranean Research Meeting, Montecatini Terme, Italy, 2012). Journal of Economic Studies, 1984 (cited by EO Ntui, Journal for International Business and Entrepreneurship Development, 2012). Journal of Economic Studies, 1984 (cited by ASY Bagaji, Canadian Social Science, 2012). Journal of Economic Studies, 1984 (cited by KHA Alqudair, Economia Internazionale/International Economics, 2012). Journal of Economic Studies, 1984 (cited by SA Basher, EM Elsamadisy, OPEC Energy Review, 2012). Journal of Economic Studies, 1984 (cited by V Brémond, E Hache, V Mignon, Energy Economics, 2012). Journal of Economic Studies, 1984 (cited by MEH Arouri, C Rault, International Journal of Finance & Economics, 2012). World Development, 1985 (cited by MM Sichei, AW Kamau, International Journal of Economics and Finance, 2012). Journal of Money, Credit and Banking, 1988 (cited by L Agnello, V Castro, RM Sousa, Journal of Macroeconomics, 2012). Journal of Banking & Finance, 2004 (cited by LH Lai, SL Li, International Research Journal of Finance and Economics, 2012). Journal of Banking & Finance, 2004 (cited by J Yang, Z Yang, Y Zhou, Journal of Futures Markets, 2012).

36

Journal of Banking & Finance, 2004 (cited by J Tao, CJ Green, International Review of Financial Analysis, 2012). Journal of Banking & Finance, 2004 (cited by Y Hou, S Li, Asia-Pacific Financial Markets, 2012).

Citations in 2011

Southern Economic Journal, 1988 (cited by KG Kulkarni, EL Erickson, Journal of Applied Business Research, 2011). Southern Economic Journal, 1998 (cited by S. Azgun, International Journal of Applied Economics and Finance, 2012). Southern Economic Journal, 1998 (cited by A Deck, T Bundy, D Ward, and S Ward, Journal of Business and Behavioral Sciences, 2011). Southern Economic Journal, 1998 (cited by B Maitra-Margin, The Journal of Applied Economic Research, 2011). Southern Economic Journal, 1998 (cited by Y Ho, and C Huang, E -Business and E -Government (ICEE), 2011). Journal of Futures Markets, 1995 (cited by M. Lin, Asia-Pacific Journal of Financial Studies, 2011). Journal of Futures Markets, 1995 (cited by M. Lin, Asian-Pacific Journal of Financial Studies, 2011). Journal of Futures Markets, 1995 (cited by, 1995 (cited byJ. Lin, Journal of Futures Markets, 2011). Journal of Banking & Finance, 2007 (cited by K. Tissaoui, and C. Aloui, International Journal of Financial Services Management, 2011). Journal of Banking and Finance, 2007 (cited by M. Humphrey-Jenner, Journal of Banking and Finance, 2011). Journal of Banking and Finance, 2007 (cited by K. Hatrick et al, Asian-Pacific Financial Markets, 2011). Journal of Banking and Finance, 2007 (cited by H. Farag et al, Research in International Business & Finance, 2011). Journal of Banking and Finance, 2007 (cited by H. Baklaci et al, Emerging Markets Finance & Trade, 2011).

37

Journal of Banking and Finance, 2007 (cited by Y. Qiang, et al, Management Science & Engineering, 2011). Applied Financial Economics, 2005 (cited by G. Shabbir et al, International Journal of Economics and Finance, 2011). Applied Financial Economics, 2005 (cited by M Shahbaz, SM Shabbir, and MS Butt, MPRA Paper, 2011). International Journal of Middle East Studies, 1987 (cited by H Heidari, and PJ Salmasi, 2010 International Conference on Business and Economics, 2011). ERF Working Paper, 2009 (cited by M. Abdel Baki, International Journal of Economic Policy in Emerging Economies, 2011). Journal of Economics and International Finance, 2010 (cited by C Işık, Journal of the Knowledge Economy, 2011). Studies in Economics and Finance, 2007 (cited by Y Liu et al. Decision Support Systems, 2011). Studies in Economics and Finance, 2007 (cited by NG Aswad, G Vidican, and D Samulewicz, European Journal of Engineering Education, 2011). Journal of Service Research, 2003 (cited by B Hillebrand, and Wim G. Biemans, Journal of Business & Industrial Marketing, 2011). Applied Financial Economics, 2006 (cited by MEH Arouri, and Christophe Rault, International Journal of Finance & Economics, 2011). Applied Economics, 1986 (cited by Mohamed Sami Ben Ali, and Sami Ben Mim, International Journal of Economics and Finance, 2011). Applied Economics, 1986 (cited by O. Onafowora and O. Oweye, International Business & Economics Research Journal, 2011). Applied Economics, 1986 (cited by M. Ali, International Journal of Economics & Finance, 2011). Applied Economics, 1986 (cited by Y. Bitrus, Journal of Economics & International Finance, 2011). Journal of Financial Research, 2002 (cited by Gabriel J. Power, and Calum G. Turvey, Applied Economics Letters, 2011). Journal of Business Research, 2010 (cited by B Li, and JJ Su, European Journal of Economics, Finance and Administrative Sciences, 2011).

38

Applied Financial Economics, 2007 (cited by AZ Pitluck, Economy and Society, 2011). Journal of Financial Research, 2002 (cited by M Mall, BB Pradhan, and PK Mishra, Journal of Arts, Science & Commerce, 2011). Financial Review, 2002 (cited by R. Aroskar, and WA. Ogden, Applied Financial Economics, 2011). Journal of Banking & Finance, 2004 (cited by L Ruan, and Z Liu, E -Business and E -Government (ICEE), 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by RR Sturm, Journal of Economics and Finance, 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by Y. Hsing, Theoretical and Applied Economics, 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by Y. Hsing, International Journal of Economics and Financial Issues, 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by Y Hsing, The Review of Finance and Banking, 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by L. Agnello, Bulletin of Economic Research, 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by L. Ahnello, Revue Economique, 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by M. Azam, International Research Journal of Finance and Economics, 2011). Journal of Financial and Quantitative Analysis, 1990 (cited by L. Salim, International Journal of Computer Applications, 2011). Journal of Economic Development, 2000 (cited by C Liu, Computing and Global Information (BCGIN), 2011). Journal of Economic Studies, 1985 (cited by K Al Khathlan, African Journal of Business Management, 2011). Quarterly Review of Economics and Finance, 2002 (cited by MH Ibrahim, and R Sukmana, Journal of Asia-Pacific Business, 2011). Journal of Money, Credit and Banking, 1988 (cited by RR Sturm, Journal of Economics and Finance, 2011). Journal of Money, Credit and Banking, 1988 (cited by A. Afonso, Economic Modeling,

39

2011). Journal of Money, Credit and Banking, 1988 (cited by A. M. Agapos, Journal of Applied Business Research, 2011). Applied Economics, 1988 (cited by Etem Hakan, Ergeç and Bengül Gülümser, MPRA Paper, 2011). Applied Economics, 1988 (cited by MU Chapra, Thunderbird International Business Review, 2011). Applied Economics, 1988 (cited by R. N. Kayed, Thunderbird International Business Review, 2011). Applied Economics, 1988 (cited by M. H. Ibrahim, Journal of Asia-Pacific Business, 2011). Journal of Post Keynesian Economics, 1984 (cited by S Iram, S Ali, M Sadaqat, and Rabbi, International Journal of Business and Social Science, 2011). Journal of Economic Development, 2000 (cited by C. Floros, International Journal of Islamic and Middle Eastern Finance and Management, 2011). Journal of Economic Development, 2000 (cited by M. Aksoy et al. International Research Journal of Finance and Economics, 2011). Journal of Economic Development, 2000 (cited by C. V. Demian, Journal of International Financial Markets, Institutions & Money, 2011). Journal of Economic Development, 2000 (cited by E. Girard, International Business and Economics Research Journal, 2011). Journal of Banking & Finance, 2004 (cited by P Pati, and P Rajib, Applied Economics Letters, 2011). Journal of Banking & Finance, 2004 (cited by H Chang, M Pai, Y. Jia Goo, and S Hsu, Journal of Convergence Information Technology, 2011). Journal of Banking & Finance, 2004 (cited by J Yang, Z Yang, Y Zhou, Journal of Futures Markets, 2011). Journal of Banking & Finance, 2003 (cited by C Chang, S Chen, R Chou, and C Hsin, Review of Quantitative Finance and Accounting, 2011). Journal of Banking & Finance, 2003 (cited by S Al-Abduljader, and H Al-Muraikhi, International Journal of Economics and Finance, 2011). Journal of Banking & Finance, 2003 (cited by C Conrad, et al. Energy Economics,

40

2011). Journal of Banking & Finance, 2003 (cited by A Szafarz, Journal of Banking & Finance, 2011). Journal of Banking & Finance, 2003 (cited by J Brusa, et al. Managerial Finance, 2011). Journal of Banking & Finance, 2003 (cited by K Tissaoui, and C Aloui, International Journal of Financial Services Management, 2011). Journal of Banking & Finance, 2003 (cited by H Farag, Research in International Business and Finance, 2011). Journal of Banking & Finance, 2003 (cited by W. S. Lee, et al. Expert Systems with Applications, 2011). Journal of Banking & Finance, 2004 (cited by CY Chang, Applied Financial Economics, 2011). Journal of Banking & Finance, 2004 (cited byX. Guo, Intelligence and Financial Engineering, 2011). Journal of Banking & Finance, 2004 (cited by A. Ahmad, Economic Journal of Emerging Markets, 2011). Journal of Banking & Finance, 2004 (cited by P. Pati, Applied Economics Letters, 2011). Journal of Banking & Finance, 2004 (cited by Martin T. Bohl, Christian A. Salm, and Michael Schuppli, Journal of Futures Markets, 2011). Southern Economic Journal, 1988 (cited by S Payesteh, International Business & Economics Research Journal, 2011). Empirical Economics, 1996 (cited by SUR Aliyu - Journal for International Business and Entrepreneurship Development, 2011). Empirical Economics, 1996 (cited by S. Al-Abduljader et al, International Journal of Economics and Finance, 2011). Empirical Economics, 1996 (cited by P. Segal, Oxford Review of Economic Policy, 2011). Southern Economic Journal, 1990 (cited by G. A. Vamvoukas and V. N. Gargalas, Journal of Business and Economic Research, 2011). Southern Economic Journal, 1990 (cited by K.A. Mohabat et al. International Business and Economic Research, 2011).

41

Journal of Post Keynesian Economics, 1990 (cited by Y Hsing, International Journal of Economics and Financial Issues, 2011). Journal of Post Keynesian Economics, 1990 (cited by Y Hsing, Review of Finance and Banking, 2011). Journal of Post Keynesian Economics, 1990 (cited by Y Hsing, Theoretical and Applied Economics, 2011). Journal of Post Keynesian Economics, 1990 (cited by Y Hsing, Eurasian Journal of Business and Economics, 2011). Review of Economics and Statistics, 1988 (cited by ST Chen, CC Chen, and Y Kim, Economics Bulletin, 2011). Review of Economics and Statistics, 1988 (cited by F. Forti, Economia Politica, 2011). Financial Review, 1994, (cited by J Jeong, University of Otago Department of Finance Seminar Series, 2011). International Economic Journal, 1999 (cited by NM Odhiambo, J Soc Sci, 2011). International Economic Journal, 1999 (cited by Chee,Keong Choong, and Sok,Gee Chan, African Journal of Business Management, 2011). Journal of Financial Research, 2002 (cited by Gabriel J. Power, and Calum G. Turvey, Applied Economics Letters, 2011). Journal of Financial Research, 2002 (cited by M Mall, BB Pradhan, and PK Mishra, Journal of Arts, Science & Commerce, 2011). Cato Journal, 1986 (cited by Rudra P. Pradhan, International Journal of Education Economics and Development, 2011). Cato Journal, 1986 (cited by M. Balcilar, Empirical Economics, 2011). Cato Journal, 1986 (cited by P. Mishra, International Journal of Economic Silences and Applied Research, 2011). Cato Journal, 1986 9cited by P. Nwosa and A. Agbeluyi, International Journal of Business Administration, 2011). Applied Economics, 2005 (cited by Wonj Kim, S Hammoudeh, and EA Aleisa, Contemporary Economic Policy, 2011). Applied Economics, 2005 (cited by RA Salim, MM Kabir, and NA Mawali, Journal of Economic Integration, 2011).

42

Applied Economics, 2005 (cited by GV Puig, and B Al-Haddab, Arab Law Quarterly, 2011). Global Finance Journal, 2007 (cited by Ergeç Etem Hakan, and Arslan Bengül Gülümser, MPRA Paper, 2011). Cato Journal, 1986 (cited by Shahbaz, Muhammad and Rahman, Mizanur, MPRA Paper, 2011). Journal of Business Research, 2006 (cited by KH Shih, CC Cheng, and YH Wang, Romanian Journal for Economic Forecasting, 2011). Cato Journal, 1986 (cited by Tang, Chor Foon and Lai, Yew Wah, MPRA Paper, 2011). International Economic Journal, 1999 (cited by U Soytas, and E Kucukkaya, Applied Economics Letters, 2011). International Economic Journal, 1999 (cited by N. M. Odhiambo, Journal of Social Sciences, 2011). International Economic Journal, 1999 (cited by M. Abdel-Baki, Economic Change & Restructuring, 2011). International Economic Journal, 1999 (cited by C. K. Choong, African Journal of Business Management, 2011). Journal of Economic Studies, 1984 (cited by J Haghighat, World, 2011). Southern Economic Journal, 1988 (cited by S Iram, S Ali, M Sadaqat, and Fazli Rabbi, International Journal of Business and Social Science, 2011). Review of Financial Economics, 2002 (cited by Akash Dania, and A. Benedict Udemgba, Journal of Academic Administration in Higher Education, 2011). World Development, 1985 (cited by D. G. Omotor, Ekonomski Pregled, 2011). Journal of Economic Studies, 1984 (cited by J. Haghighat, World Journal of Social sciences, 2011). Journal of Economics & International Finance, 2010 (cited by C. Isik, Journal of Knowledge Economy, 2011). Journal of Economics & International Finance, 2010 (cited by A. Azar et al, Management Science Letters, 2011).

The American Economist, 2000 (cited by TT Mady, Journal of Consumer Behavior, 2011).

43

Financial Review, 2000 (cited by O. TAŞ, Doğuş Üniversitesi Dergisi, 2011). Journal of Real Estate Finance and Economics, 1989 (cited by C. C. Chang et al. Journal of Risk and Insurance, 2011). Journal of Real Estate Finance and Economics, 1989 (cited by M. C. Chen et al. The Journal of Real Estate Finance and Economics, 2011). Journal of Real Estate Finance and Economics, 1989 (cited by M. T. Lee et al. Journal of Real Estate Literature, 2011). Journal of Real Estate Finance and Economics, 1989 (cited by K. L. Chang, Economic Modeling, 2011). Journal of Real Estate Finance and Economics, 1989 (cited by G. Hong et al. The Journal of Real Estate Finance and Economics, 2011). Journal of International Money & Finance, 2005 (cited by P. Fleischer et al. Journal of Economics & Finance, 2011). Journal of International Money & Finance, 2005 (cited by Y. Bai et al., Applied Economics, 2011). Journal of International Money & Finance, 2005 (cited by H. Rim et al. International Business & Economics Research Journal, 2011). Journal of Economic Studies, 1985 (cited by A. Alkhathlan, African Journal of Business Management, 2011). Journal of International Money & Finance, 2005 (cited by Y. Benli et al. African Journal of Business Management, 2011). Journal of Economics and Business, 1985 (cited by M. Hassan and H. Alogeel in, Money in the Middle East and North Africa: Monetary Policy Frameworks and Strategies, edited by D. Cobham and G. Dibeh, 2011). American Economist, 2000 (cited by T. Mady, Journal of Consumer Behavior, 2011). Journal of Service Research, 2002 (cited by M. G. Nejad, Journal of Financial Services Marketing, 2011). Quarterly Review of Economics & Finance, 2002 (cited by M. Ibrahim, Journal of Asian-Pacific Business, 2011).

Citations in 2010

Journal of Service Research, 2003 (cited by R Peres, E Muller, and Vijay Mahajan, International Journal of Research in Marketing, 2010).

44

The American Economist, 1990 (cited by S Kumar, DJ Webber, and S Fargher, MPRA Paper, 2010). Journal of Economics and Business, 1994 (cited by C Geetha, International Business & Economics Research Journal, 2010). Journal of Service Research, 2002 (cited by H Zhang, and H I Mesak, Journal of the Operational Research Society, 2010). Journal of Service Research, 2002 (cited by R Peres, E Muller, and Vijay Mahajan, International Journal of Research in Marketing, 2010). Journal of Economic Studies, 1985 (cited by SA Basher, and EM Elsamadisy, MPRA Paper, 2010). Journal of Financial and Quantitative Analysis, 1990 (cited by RR Sturm, The Journal of Trading, 2010). Journal of Financial and Quantitative Analysis, 1990 (cited by MH Chen, Tourism Economics, 2010). The Journal of Real Estate Finance and Economics, 1989 (cited by Ming-Chi Chen, Chi-Lu Peng, So-De Shyu and Jhih-Hong Zeng, The Journal of Real Estate Finance and Economics, 2010). Empirical Economics, 1996 (cited by Andres Gallo, Paul Mason, Steve Shapiro, and Michael Fabritius, Energy, 2010). Journal of Banking & Finance, 2007 (cited by Kerr Hatrick, Mike K. P. So, S. W. Chung, and R. Deng, Asia-Pacific Financial Markets, 2010). Journal of Business Finance & Accounting, 2003 (cited by B.J.Queensly Jeyanthi, International Business & Economics Research Journal, 2010). Journal of Business Finance & Accounting, 2003 (cited by Ugur Ergun, and Abu Hassan Shaari Mohd Nor, Asian Academy of Management Journal of Accounting and Finance, 2010). Journal of Financial Research, 2002 (cited by Sebastian R. Goers, Alexander F. Wagner and Jürgen Wegmayr, Environmental Economics and Policy Studies, 2010). Southern Economic Journal, 1988 (cited by Aristovnik, Aleksander and Djurić, Sandra, MPRA Paper, 2010). Journal of Economics and International Finance, 2010 (cited by GC Okpara, American Journal of Scientific and Industrial Research, 2010).

45

The American Economist, 2000 (cited by S Sehgal, GS Sood, International Review of Business and Finance, 2010). Applied Economics, 1986 (cited by S Kumar, DJ Webber, and S Fargher, MPRA Paper, 2010). Eastern Economic Journal, 1984 (cited by HA Adefeso, and HI Mobolaji, Pakistan Journal of Social Sciences, 2010). The Middle East Business and Economic Review, 1997 (cited by T Boujelbene, and Younes Boujelbene, Applied Economics Letters, 2010). Contemporary Economic Policy, 2002 (cited by Y Keho, International Journal of Business, 2010). Financial Review, 1994, (cited by MH Chen, Tourism Economics, 2010). Financial Review, 2006 (cited by Sarantis Kalyvitis, and Ifigeneia Skotida, The Quarterly Review of Economics and Finance, 2010). Applied Economics, 2005 (cited by E Farvaque, and N Matsuda, Discussion Paper Series, 2010). Applied Financial Economics, 2006 (cited by Mohamed El Hedi Arouri, and Christophe Rault, Revue Economique, 2010). Applied Economics, 2005 (cited by M Benbouziane, A Benhabib, and A Benamar, Middle East Development Journal, 2010). Applied Economics, 1988 (cited by Assane, Djeto, and Malamud, Bernard, Applied Economics, 2010). Journal of Financial Research, 2002 (cited by Sebastian R. Goers, Alexander F. Wagner and Jürgen Wegmayr, Environmental Economics and Policy Studies, 2010). Journal of Macroeconomics, 1986 (cited by Thouraya Boujelbene, and Younes Boujelbene, Applied Economics Letters, 2010). Global Finance Journal, 2007 (cited by K Hussein, Journal of Financial Services Marketing, 2010). Journal of Macroeconomics, 1986 (cited by Thouraya Boujelbene, and Younes Boujelbene, Applied Economics Letters, 2010). Southern Economic Journal, 1990 (cited by Y Hsing, Ekonomski anali, 2010).

46

Southern Economic Journal, 1994 (cited by T Boujelbene, and Y Boujelbene, Applied Economics Letters, 2010). Economic Research Forum, 8th annual conference, 2002 (cited by I Onour, and A Abdalla, MPRA Paper, 2010). Economic Research Forum, 8th annual conference, 2002 (cited by MK Dewi, M Sulaiman, and IR Ferdian, International Journal of Monetary Economics and Finance, 2010). Southern Economic Journal, 1990 (cited by Y Hsing, Amfiteatru Economic Journal, 2010). Journal of Money, Credit and Banking, 1988 (cited by R.R. Sturm, The Journal of Trading, 2010). Journal of Money, Credit and Banking, 1988 (cited by MH Chen, Tourism Economics, 2010). Southern Economic Journal, 1990 (cited by Y Hsing, Managing Global Transitions, 2010). Southern Economic Journal, 1990 (cited by Y Hsing, International Journal of Economics and Finance, 2010). Southern Economic Journal, 1998 (cited by C Silva, S Machado, D Lopes, and A Rebelo, Economia Aplicada, 2010). Southern Economic Journal, 1998 (cited by H SEN, I SAGBAS, Maliye Dergisi, 2010). Southern Economic Journal, 1998 (cited by Y Keho, International Journal of Business, 2010). Financial Review, 2002 (cited by J Kim, J Kim, and S Kim, Global Economic Review, 2010). Southern Economic Journal, 1998 (cited by E Ghartey, International Economic Journal, 2010). Cato Journal, 1986 (cited by E Evidence, Romanian Journal of Economic Forecasting, 2010). Cato Journal, 1986 (cited by S Katircioglu, Journal of Business Economics and Management, 2010). Journal of Banking & Finance, 2003 (cited by T Chiang1,Z Qiao2, W Wong, Journal of Forecasting, 2010).

47

Journal of Banking & Finance, 2003 (cited by K Phylaktis, A Aristidou, European Financial Management, 2010). Journal of Economic Development, 2000 (cited by E. A. Fedorova, and K. A. Pankratov, Problemy Prognozirovaniia, 2010). Journal of Economic Development, 2000 (cited by E. A. Fedorova and K. A. Pankratov, Studies on Russian Economic Development, 2010). Journal of Economic Development, 2000 (cited by M Majid, and S Kassim, Journal of Economic Cooperation and Development, 2010). Journal of Economic Development, 2000 (cited by G Mansourfar, S Mohamad, and T Hassan, African Journal of Business Management, 2010). Journal of Economic Development, 2000 (cited by P Mandaci, and E Torun, International Journal of Economic Policy in Emerging Economies, 2010). International Economic Journal, 1999 (cited by DBM Nowbutsing, S Ramsohok, and Miss Kheerty Ramsohok, Global Journal of Human Social Science, 2010). Journal of Banking & Finance, 2004 (cited by K Srinivasan, Alato Academic Studies, 2010). Journal of Banking & Finance, 2003 (cited by Tongkui Yu, 2010 Third International Joint Conference on Computational Science and Optimization, 2010). Journal of Banking & Finance, 2004 (cited by P. Srinivasan, International Journal of Business Performance and Supply Chain Modelling, 2010). Southern Economic Journal, 1988 (cited by Nozar Hashemzadeh, Ernie Wade, Research in Business and Economics Journal, 2010). International Economic Journal, 1999 (cited by Fabrício J. Missio, Frederico G. Jayme Jr, Ana Maria H. C. de Oliveira, Texto Para Discussao N379, 2010). International Economic Journal, 1999 (cited by NM Odhiambo, Economic Change and Restructuring, 2010). International Economic Journal, 1999 (cited by A Sofia, S Ghulam , International Journal of Economics and Finance, 2010). International Economic Journal, 1999 (cited by AE Akinlo, and T Egbetunde, The Review of Finance and Banking, 2010). Southern Economic Journal, 1988 (cited by TK Jayaraman, CK Choong - Economics Bulletin, 2010). Southern Economic Journal, 1988 (cited by Ketenci, Natalya and Uz, Idil, MPRA Paper,

48

2010). Financial Review, 2000 (cited by G. S. Hiremath and B. Kamaiah, International Journal of Economics and Finance, 2010). Financial Review, 2000 (cited by H. Wang and Y. Yu, Journal of Data Science, 2010). Financial Review, 2000 (cited by G. Cai, W. Ng, P. Chan, M. Firth and D. S.Yeung, Machine Learning and Cybernetics , 2010 ). Financial Review, 2000 (cited by C. Londoño and M. Lopera, Revista de Economía, 2010). Contemporary Economic Policy, 2002 (cited by Y Keho, International Journal of Business, 2010). Financial Review, 2000 (cited by Gourishankar S. Hiremath, and Bandi Kamaiah V, International Journal of Economics and Finance, 2010). Financial Review, 2000 (cited by Gao,Yang Cai, Ng, W.W.Y., Chan, P.P.K., Firth, M., and Yeung, D.S., Machine Learning and Cybernetics (ICMLC), 2010 ). Financial Review, 2000 (cited by C Londoño, M Lopera , Revista de Economía, 2010). Financial Review, 2000 (cited by H Wang, Y Yu, and M Li, Journal of Data Science, 2010). Southern Economic Journal, 1989 (cited by Y Hsing, Ekonomski Anali, 2010). Southern Economic Journal, 1989 (cited by Y Hsing, The Amfiteatru Economic Journal, 2010). International Review of Economics & Finance, 1996 (cited by X Weiguo, Y Wei, Zhang Chen, 2010 International Conference of Information Science and Information Science and Management Engineering (ISME), 2010). Southern Economic Journal, 1989 (cited by Y Hsing, International Journal of Economics and Finance, 2010). Southern Economic Journal, 1989 (cited by Y Hsing, Managing Global Transitions, 2010). Applied Financial Economics, 2004 (cited by HM Ennis, and John A. Weinberg, Federal Reserve Bank of Richmond, 2010). Applied Financial Economics, 2004 (cited by E Artuç, and Selva Demiralp, Journal of Banking & Finance, 2010).

49

Journal of International Money and Finance, 1988 (cited by PK Narayan, Health Economics, 2010). Studies in Economics and Finance, 2003 (cited by SA Srairi, Journal of Productivity Analysis, 2010). Studies in Economics and Finance, 2003 (cited by A Jreisat, and S Paul, International Journal of Applied Business and Economic Research, 2010). Studies in Economics and Finance, 2003 (cited by NR Sabri, International Journal of Business and Emerging Markets, 2010). Review of Financial Economics, 2005 (cited by P Chin-Hong, and LC Hiew, MPRA Paper, 2010). Review of Financial Economics, 2005 (cited by Christopher Martin, and Costas Milas, International Finance, 2010).

Citations in 2009

Quarterly Journal of Business and Economics, 1987 (cited by NT Laopodis, The Quarterly Review of Economics and Finance, 2009). Journal of Economics and Finance, 1994 (cited by N Boubakri, H Smaoui, and M Zammiti, Journal of Business & Policy Research, 2009). Journal of Business Research, 2010 (cited by J Liang, Economics & Finance Theses, 2009). Southern Economic Journal, 1988 (cited by A Stoian, Economic Computation and Economics, 2009). Studies in Economics and Finance, 2003 (cited by S Gattoufi, and S Al-Hatmi, International Journal of Accounting and Finance, 2009). Review of Financial Economics, 2002 (cited by A Assaf, International Review of Financial Analysis, 2009). The Journal of Development Studies, 1986 (cited by MS Hasan, International Journal of Business and Economics, 2009). The Quarterly Review of Economics and Finance, 2002 (cited by T ElGindi, M Said, and JW Salevurakis, Review of Radical Political Economics, 2009). Quarterly Review of Economics and Finance, 2002 (cited by SH Kassim, MSA Majid, and RM Yusof, Journal of Economic Cooperate and Development, 2009). Review of Financial Economics, 2002 (cited by A Belhadj, W Bouguezzi, and N Jedlane,

50

MPRA Paper, 2009). Global Finance Journal, 2007 (cited by RM Yusof, M Al Wosabi, and MSA Majid, Journal of Economic Cooperation and Development, 2009). Eastern Economic Journal, 1984 (cited by D Mallaye, MPRA Paper, 2009). Financial Review, 2000 (cited by X Su, T Wang, and J Yang, Financial Review, 2009). Journal of Business Research, 2006 (cited by S Davalos, F Leng, EH Feroz, and Z Cao, International Journal of Applied Decision Sciences, 2009). Journal of Banking & Finance, 1992 (cited by MS Hasan, The Journal of Developing Areas, 2009). Financial Review, 2000 (cited by TTL Chong, DWH Wong, and VK Liew, Journal of Asia Business Studies, 2009). Journal of Economic Studies, 1986 (cited by NT Laopodis, The Quarterly Review of Economics and Finance, 2009). Financial Review, 2000 (cited by Abdullah M. Noman, and Minhaz U. Ahmed, Afro,Asian Journal of Finance and Accounting, 2009). Financial Review, 2000 (cited by M Saidane, and C Lavergne, Computational Economics, 2009). The Journal of Real Estate Finance and Economics, 1998 (cited by LT He, C Hu, and KM Casey, Journal of Risk Finance, 2009). Financial Review, 2000 (cited by KP Lim, MS Habibullah, and Melvin J. Hinich, Journal of Emerging Market Finance, 2009). Quarterly Journal of Business and Economics, 2000 (cited by RM Yusof, MA Wosabi, and MSA Majid, Journal of Economic Cooperation and Development, 2009). International Review of Economics & Finance, 1996 (cited by AD Adom, SC Sharma, and A.K.M. Mahbub Morshed, Journal of Economic Studies, 2009). Financial Review, 2000 (cited by KP Lim, R Brooks, Applied Financial Economics, 2009). Applied Economics, 2005 (cited by LM Thorpe, International Journal of Business and Management, 2009). Financial Review, 2006 (cited by M Farka, Review of Financial Economics, 2009). The American Economist, 2000 (cited by S Sehgal, GS Sood, and N Rajput, Vision: The

51

Journal of Business Perspective, 2009). Journal of Service Research, 2002 (cited by R Guseo, and Mariangela Guidolin, Technological Forecasting and Social Change, 2009). Financial Review, 2000 (cited by ASM Sohel Azad , Asian Economic Journal, 2009). Financial Review, 2000 (cited by KC Raper, S Thornsbury, and A Cristobal, Journal of Agricultural and Applied Economics, 2009). International Economic Journal, 1989 (cited by Har Wai Mun, Ee Chun Siong, and Tan Chai Thing, Asian Social Science, 2009). Financial Review, 2000 (cited by N Balsara, J Chen, and L Zheng, Journal of Asset Management, 2009). Financial Review, 2000 (cited by Marcos Alvarez,Diaz, International Journal of Monetary Economics and Finance, 2009). Journal of Financial Research, 2002 (cited by Naliniprava Tripathy, S.V. Ramana Rao, and A. Kanagaraj, International Journal of Applied Decision Sciences, 2009). Journal of Financial Research, 2002 (cited by SVR Rao, and N Tripathy, Corporate Ownership and Control, 2009). Contemporary Economic Policy, 2002 (cited by AT Young, Cato Journal, 2009). Journal of Economics and Business, 1985 (cited by FB Ayodele, and OS Idowu, Indian Journal of Economics and Business, 2010). Contemporary Economic Policy, 2002 (cited by M Aslan, and M Taşdemir, Paper presented at EconAnadolu 2009: Anadolu International Conference in Economics, 2009). Journal of Business Finance & Accounting, 2005 (cited by John C. Topuz, and Ihsan Isik, Journal of Economics and Finance, 2009). Review of Financial Economics, 2002 (cited by A Assaf, International Review of Financial Analysis, 2009). Review of Financial Economics, 2002 (cited by A Belhadj, W Bouguezzi, and N Jedlane, MPRA Paper, 2009). Journal of Business Finance & Accounting, 2005 (cited by U Ahmad, S Farooq, and HH Jalil, MPRA Paper, 2009). The Journal of Real Estate Finance and Economics, 1989 (cited by Sanjay Ramchander, Marc W. Simpson, and James R. Webb, Journal of Real Estate Portfolio Management,

52

2009). Applied Economics, 1988 (cited by SH Kassim, MSA Majid, and RM Yusof, Journal of Economic Cooperation and Development, 2009). Applied Economics, 1988 (cited by RM Yusof, M Al Wosabi, and M Majid, Journal of Economic Cooperation and Development, 2009). Journal of Business Finance & Accounting, 2003 (cited by S Siddiqui, Vision: The Journal of Business Perspective, 2009). Economic Research Forum, 8th annual conference, 2002 (cited by Rashmi Malhotra, D.K. Malhotra, and C. Andrew Lafond, International Journal of Applied Management Science, 2009). Contemporary Economic Policy, 2002 (cited by M. Aslan, and M. Taşdemir, Paper presented at EconAnadolu 2009: Anadolu International Conference in Economics, 2009). Contemporary Economic Policy, 2002 (cited by AT Young, Cato Journal, 2009). Economic Research Forum, 8th annual conference, 2002 (cited by Fatima S. Al Shamsi, Hassan Y. Aly, and Mohamed Y. El-Bassiouni, Applied Economics, 2009). Economic Research Forum, 8th annual conference, 2002 (cited by Rashmi Malhotra, D.K. Malhotra, and Harvey Lermack, Applications of Management Science, 2009). Economic Research Forum, 8th annual conference, 2002 (cited by Bruce Q. Budd, International Journal of Business and Emerging Markets, 2009). Journal of Business Finance & Accounting, 2003 (cited by Elena Fedorova, and Kashif Saleem, 22nd Australasian Finance and Banking Conference, 2009). Southern Economic Journal, 1998 (cited by AT Young, Cato Journal, 2009). Journal of Business Finance & Accounting, 2005 (cited by John C. Topuz, and Ihsan Isik, Journal of Economics and Finance, 2009). Journal of Business Finance & Accounting, 2005 (cited by U Ahmad, S Farooq, and H Jalil, MPRA Paper, 2009). Southern Economic Journal, 1998 (cited by YAY Turan, Romanian Journal of Economic Forecasting, 2009). Journal of Banking & Finance, 2003 (cited by TP Wisniewski, Applied Financial Economics, 2009). Journal of Banking & Finance, 2003 (cited by S MAHAJAN, and B SINGH, Eurasian Journal of Business and Economics, 2009).

53

Journal of Financial Research, 2002 (cited by Naliniprava Tripathy, S.V. Ramana Rao, and A. Kanagaraj, International Journal of Applied Decision Sciences, 2009). Journal of Financial Research, 2002 (cited by SVR Rao, and N Tripathy, Corporate Ownership & Control, 2009). Journal of Banking & Finance, 2003 (cited by F Mubarik, and A Javid, Asia Pacific Journal of Finance and Banking Research, 2009). Journal of Economic Development, 2000 (cited by A Assaf, International Review of Financial Analysis, 2009). Journal of Banking & Finance, 2003 (cited by T Yu, and H Li, 2009 International Conference on Information and Financial Engineering, 2009). Southern Economic Journal, 1994 (cited by Z Fan, Frontiers of Economics in China, 2009). Journal of Banking & Finance, 2003 (cited by Tongkui Yu, Mingyu Yuan, Honggang Li, Computational Sciences and Optimization, 2009). Journal of Banking & Finance, 2003 (cited by Tongkui Yu and Honggang Li, Complex Sciences, 2009). Cato Journal, 1986 (cited by S Katircioglu, Applied Economics, 2009). Cato Journal, 1986 (cited by F Yucel, Journal of Social Sciences, 2009). Cato Journal, 1986 (cited by Sangho Kima, Hyunjoon Limb, and Donghyun Park, Applied Economics, 2009). Cato Journal, 1986 (cited by AC Jordaan, and JH Eita, Botswana Journal of Economics, 2009). The Review of Economics and Statistics, 1988 (cited by C Alexiou, Journal of Economic and Social Research, 2009). Journal of Banking & Finance, 2004 (cited by K Tswei, and J Lai, Review of Financial Economics, 2009). Journal of Banking & Finance, 2004 (cited by Steven Shuye Wang, Wei Li and Louis T. W. Cheng, Review of Quantitative Finance and Accounting, 2009). Journal of Banking & Finance, 2004 (cited by SK Chung, Asian Economic Journal, 2009).

54

Journal of Banking & Finance, 2004 (cited by K Gupta, and B Singh, Journal of Financial Risk Management, 2009). Journal of Banking & Finance, 2004 (cited by I Ahmad, and F Rahim, Economic Journal of Emerging Markets, 2009). Journal of Futures Markets, 1995 (cited by SC Bae, TH Kwon, and JW Park, Journal of Futures Markets, 2009). Journal of Futures Markets, 1995 (cited by SS Debasish, International Journal of Monetary Economics and Finance, 2009). Journal of Financial and Quantitative Analysis, 25, 1990 (cited by Arin, K., A. Mamun, and N. Purushothman, Review of Financial Economics, 18, 2009). Journal of Money, Credit and Banking, 20, 1988 (cited by Arin, K., A. Mamun, and N. Purushothman, Review of Financial Economics, 18, 2009). International Economic Journal, 1999 (cited by Ahmad Z. Baharumshah, and Suleiman W. Almasaied, Emerging Markets Finance and Trade, 2009). International Economic Journal, 1999 (cited by M Masih, A Al,Elg, and H Madani, Applied Economics, 2009). International Economic Journal, 1999 (cited by F Yucel, Journal of Social Sciences, 2009). International Economic Journal, 1999 (cited by NM Odhiambo , The Journal of Developing Areas, 2009). International Economic Journal, 1999 (cited by SH Law , International Economic Journal, 2009). International Economic Journal, 13, 1999 (cited by A. Zubaidi and B. S. Almasaide, Emerging Markets Finance & Trade, 45, 2009). Financial Review, 2000 (cited by K.C. Raper and S. Thornsbury, Journal of Agricultural and Applied Economics, 2009). Financial Review, 2000 (cited by N. Balsara and J. Chen, Journal of Asset Management, 2009). Financial Review, 2000 (cited by T.T. Chong and D.W. Wong, Journal of Asia Business Studies, 2009). Financial Review, 2000 (cited by K.P. Lim, Applied Financial Economics, 2009). Financial Review, 2000 (cited by K.P. Lim, M.S. Habibullah and M. J. Hinich, Journal of Emerging Market Finance, 2009).

55

Economics Letters, 1986 (cited by KK Guru-Gharan, M Rahman, and S Parayitam, Academy of Accounting and Financial Studies Journal, 2009). Economics Letters, 1986 (cited by Donatas Pilinkus, and Vytautas Boguslauskas, Inzinerine Ekonomika-Engineering Economics, 2009). Financial Review, 2000 (cited by M. Saidane, Computational Economics, 2009). The Journal of Real Estate Finance and Economics, 1993 (cited by PA Arvanitidis, ERSA conference papers, 2006). Financial Review, 2000 (cited by A. M. Noman and M. U. Ahmed, Afro-Asian Journal of Finance and Accounting, 2009). The Journal of Real Estate Finance and Economics, 1993 (cited by D Kiesewetter, T Bensemann, and Kristin Schönemann, Business Research, 2009). Financial Review, 2002 (cited by S Siddiqui, The Journal of Business Perspective, 2009). Financial Review, 2002 (cited by K Fan, Z Lu, and S Wang, ASIA-Pacific Financial Markets, 2009). Financial Review, 2002 (cited by CS Cheong, PJ Wilson, and R Zurbruegg, Journal of Property Investment & Finance, 2009). Financial Review, 2000 (cited by X. Su and T. Wang, Financial Review, 2009). Financial Review, 2000 (cited by M. Alvarez-Diaz, International Journal of Monetary Economics and Finance, 2009). Financial Review, 2000 (cited by A. S. Azad, Asian Economic Journal, 2009). Published Articles Abstracted in Journal of Economic Literature (Partial List) “Are Budget Deficits and Wage Costs Prime Causes of Inflation? Another Look at the Evidence from the United Kingdom and the United States,” Journal of Post-Keynesian Economics, 7, winter 1984-85 (abstracted in June 1985). “The Dominant Influence of Fiscal Actions in Developing Countries.” Eastern Economic Journal, 10, July/September 1984 (abstracted in September 1985). “Unanticipated Inflation and Real Output: The Canadian Evidence.” Canadian Journal of Economics, 18, February, 1985 (abstracted in September 1985). “The Monetarist Versus the New Classical Economics and the Money-Unemployment Linkage: Some European Evidence,” Quarterly Journal of Business and Economics, 24,

56

summer 1985 (abstracted in June 1986). "Anticipated Money and Real Output in Italy: Some Tests of a Rational Expectations Approach." J. of Post-Keynesian Economics, 8, Fall 1985 (abstracted in March 1986). “Money and Stock Prices in West Germany and United Kingdom: Is the Stock Market Efficient?” Quarterly J. of Business and Economics, winter 1987 (abstracted in June 1987). “Fiscal Impulse and the Real Economy,” Public Finance, 41, 1986 (abstracted in December 1987). "Have Large Budget Deficits Caused Rising Trade Deficits?" Southern Economic Journal, 54, April, 1988 (abstracted in September 1988). “Economic Growth and the Expanding Public Sector: A Reexamination,” Review of Economics and Statistics, 70, May 1988 (abstracted in March 1989). “Budget Deficits, Money Growth and Causality: Further OECD Evidence,” Journal of International Money and Finance, 7, June 1988 (abstracted in March 1989). “On Fiscal Policy and the Stock Market,” Journal of Money, Credit and Banking, 20, August 1988 (abstracted in March 1989). “Does Inflation Inhibit or Promote Growth?” Quarterly Journal of Business and Economics, 27, autumn 1988 (abstracted in June 1989). “Rational Expectations and the Role of Stabilization Policies: Some Tests Based on the Fisher Equation,” Eastern Economic Journal, 14, July/September 1988 (abstracted in September 1989). “Federal Deficits and Money Growth in the United States: A Vector Autoregressive Analysis,” Journal of Banking and Finance, 13, March 1989 (abstracted in December 1989). “Fiscal Deficits and Long-term Interest Rates: Further Evidence from Annual Data,” Southern Economic Journal, 56, October 1989 (abstracted in June 1990). “Structural Federal Deficits and Interest Rates: Some Causality and Co-Integration Tests,” Southern Economic Journal, 56, January 1990 (abstracted in July 1990). “The Impact of Federal Debt upon Stock Prices in the United States,” Journal of Post- Keynesian Economics, 12, spring 1990 (abstracted in September 1990). “Policy Impacts under Rational Expectations,” Journal of Banking and Finance, 15, April 1991 (abstracted in December 1991). “Real Deficits and Real Growth: Some Further Results,” Journal of Post-Keynesian

57

Economics, 15, fall 1992 (abstracted in March 1993). “The Value of Time and Recent U.S. Money Demand Instability,” Southern Economic Journal, 60, January 1994 (abstracted in September 1994). “Wage Growth and the Inflationary Process: A Reexamination,” Southern Economic Journal, 61, July 1994 (abstracted in March 1995). “Tax and Spend, or Spend and Tax? An Inquiry into the Turkish Budgetary Process,” Southern Economic Journal, 64, April 1998 (abstracted in September 1998).