Publications

"Bank capital and portfolio risk among Islamic banks"
with Lawrence M. Kessler and Murat K. Munkin
Review of Financial Economics, forthcoming.


"Turkish and BRICS engagement in Africa: Between humanitarian and economic interests"
with Elem Tepeciklioglu and Evren Tok
Journal of Sustainable Development Law and Policy, forthcoming.


"On the global determinants of visiting home"
with Faruk Balli, Rosmy Jean Louis and Ahmed Saber Mahmud
International Journal of Tourism Research, 19(1), pp. 1-12, January/February 2017.


"The oil cycle, the Federal Reserve and the monetary and exchange rate policies in Qatar"
with Khalid Alkhater
Middle East Development Journal, 8(1), pp. 127-155, June 2016.


"The impact of oil shocks on exchange rates: A Markov-switching approach"
with Alfred Haug and Perry Sadorsky
Energy Economics, 54, pp. 11-23, February 2016.


"Time series properties of the renewable energy diffusion process: Implications for energy policy design and assessment"
with Andrea Masini and Sam Aflaki
Renewable & Sustainable Energy Reviews, 52, pp. 1680-1692, December 2015.


"An analysis of returns and volatility spillovers and their determinants in emerging Asian and Middle Eastern countries"
with Faruk Balli, Hassan Hajhoj, and Hassan Ghassan
International Review of Economics and Finance, 39, pp. 311-325, September 2015.


"Regional initiative in the Gulf Arab states: The search for a common currency"
International Journal of Islamic and Middle Eastern Finance and Management, 8(2), pp. 185-202, 2015.


"Loan loss provisioning in OIC countries: Evidence from conventional vs. Islamic banks"
with M. Kabir Hassan and Ali Ashraf
Journal of King Abdulaziz University: Islamic Economics, 28(1), pp. 23-59, 2015.


"Investigating long-run demand for broad money in the Gulf Arab countries"
with Stefano Fachin
Middle East Development Journal, 6(2), pp. 199-214, 2014.


"Dependence patterns across Gulf Arab stock markets: A copula approach"
with Salem Nechi and Hui Zhu
Journal of Multinational Financial Management, 25-26, pp. 30-50, July 2014.


"Price volatility and the political economy of resource-rich nations"
with Ahmed Saber Mahmud
Economics of Governance, 15(3), pp. 253-279, 2014.


"Stock markets and energy prices"
Reference Module in Earth Systems and Environmental Sciences, 2014.
http://dx.doi.org/10.1016/B978-0-12-409548-9.09060-6.


"The determinants of the volatility of returns on cross-border asset holdings"
with Faruk Balli and Faisal Rana
Journal of International Money and Finance, 44, pp. 1-23, June 2014.


"Pre- versus post-crisis central banking in Qatar"
with Elsayed Elsamadisy and Khalid Alkhater
Journal of Policy Modeling, 36(2), 330-352, March-April 2014.


"More efficient production subsidies for emerging agriculture in micro Arab states: A conceptual model"
with David Raboy, Ishrat Hossain and Simeon Kaitbie
Review of Middle East Economics and Finance, 9(3), pp. 293-319, December 2013.


"Deconstructing shocks and persistence in OECD real exchange rates"
with Josep Llus Carrion-i-Silvestre
B.E. Journal of Macroeconomics, 13(1), pp. 187-212, January 2013.


"International income risk-sharing and the global financial crisis of 2008-2009"
with Faruk Balli and Hatice Ozer Balli
Journal of Banking and Finance, 37(7), pp. 2303-2313, July 2013.


"Understanding challenges to food security in dry Arab micro-states: Evidence from Qatari micro-data"
with David Raboy, Simeon Kaitibie and Ishrat Hossain
Journal of Agricultural & Food Industrial Organization, 11(1), pp. 31-49, May 2013.


"Sectoral equity returns and portfolio diversification opportunities across the GCC region"
with Faruk Balli and Rosmy Jean Louis
Journal of International Financial Markets, Institutions & Money, 25, pp. 33-48, July 2013.


"Risk sharing in the Middle East and North Africa: The role of remittances and factor incomes"
with Faruk Balli and Rosmy Jean Louis
Economics of Transition, 21(1), 135-155, January 2013.


"Channels of risk-sharing among Canadian provinces: 1961-2006"
with Faruk Balli and Rosmy Jean Louis
Empirical Economics, 43(2), pp. 763-787, October 2012.


"Country heterogeneity and long-run determinants of inflation in the Gulf Arab states"
with Elsayed Elsamadisy
OPEC Energy Review, 36(2), pp. 170-203, June 2012.


"Oil prices, exchange rates and emerging stock markets"
with Alfred Haug and Perry Sadorsky
Energy Economics, 34(1), pp. 227-240, January 2012.


"Measuring perssitence in U.S. city prices: New evidence from robust tests"
with Josep Llus Carrion-i-Silvestre
Empirical Economics, 41(3), pp. 739-745, December 2011.


"Income insurance and the determinants of income insurance via foreign asset revenues and foreign liability payments"
with Faruk Balli and Hatice Ozer Balli
Economic Modelling, 28(5), 2296-2306, September 2011.


"Linear or nonlinear cointegration in the purchasing power parity relationship?"
with Alfred Haug
Applied Economics, 43(2), pp. 185-196, 2011.
Gauss code


"From home bias to euro bias: Disentangling the effects of monetary union on the European financial markets"
with Faruk Balli and Hatice Ozer Balli
Journal of Economics and Business, 62(5), pp. 347-366, September-October 2010.


"Panel cointegration and the monetary exchange rate model"
with Joakim Westerlund
Economic Modelling, 26(2), pp. 506-513, March 2009.
Gauss code


"Price level convergence, purchasing power parity and multiple structural breaks in panel data analysis: An application to US cities"
with Josep Llus Carrion-i-Silvestre
Journal of Time Series Econometrics, 1(1), Article 3, April 2009.


"The long-term decline of internal migrations in Canada: The case of Ontario"
with Stefano Fachin
Letters in Spatial and Resource Sciences, 1(2), pp. 171-181, December 2008.


"Per-capita income gaps across US states and Canadian provinces"
with Nils-Petter Lagerloef
Journal of Macroeconomics, 30(3), pp. 1173-1187, September 2008.
An earlier and longer version with more geography instruments is here.


"Testing for convergence in carbon dioxide emissions using a century of panel data"
with Joakim Westerlund
Environmental and Resource Economics, 40(1), pp. 109-120, May 2008.


"Mixed signals among tests for panel cointegration"
with Joakim Westerlund
Economic Modelling, 25(1), pp. 128-136, January 2008.


"Is there really a unit root in the inflation rate? More evidence from panel data models"
with Joakim Westerlund
Applied Economics Letters, 15(3), pp. 161-164, 2008.


"Time-varying volatility and equity returns in Bangladesh stock market"
with M. Kabir Hassan and Anisul M. Islam
Applied Financial Economics, 17(7), pp. 1393-1407, 2007.


"Can panel data really improve the predictability of the monetary exchange rate model?"
with Joakim Westerlund
Journal of Forecasting, 26(5), pp. 365-383, August 2007.


"Mixed oligopoly under demand uncertainty"
with Mahmudul Anam and Shin-Hwan Chiang
B.E. Journal of Theoretical Economics, 7(1), Topics: Article 24, 2007.


"Oil price risk and emerging stock markets"
with Perry Sadorsky
Global Finance Journal, 17(2), pp. 224-251, December 2006.


"Day-of-the-week effects in emerging stock markets"
with Perry Sadorsky
Applied Economics Letters, 13(10), pp. 621-628, 2006.


"A macroeconometric model of the Bangladesh economy and its policy implications"
with M. Kabir Hassan, Neal Maroney, and Ihsan Isik
Journal of Developing Areas, 38(1), pp. 135-49, 2004.


"PPP tests in cointegrated panels: Evidence from Asian developing countries"
with Mohammed Mohsin
Applied Economics Letters, 11(3), pp. 163-66, 2004.


"The money supply process in Bangladesh: An error-correction approach"
with M. Kabir Hassan and Muhammad Mustafa
Indian Journal of Economics, 83, pp. 443-58, 2003.


BOOK REVIEW of "Breaking the mould: An institutionalist political economy alternative to the neoliberal theory of the market and the state" by Ha-Joon Chang
Journal of Developing Areas, 37(1), pp. 180-181, Autumn 2003.


BOOK REVIEW of "Fiscal decentralization in developing countries: A review of current concepts and practice" by Paul Smoke
Journal of Developing Areas, 37(1), pp. 178-179, Autumn 2003.


"Regional cooperation in trade, finance and investment among SAARC countries: The Bangladesh perspective"
with M. Kabir Hassan and Rock-Antoine Mehanna
Thoughts on Economics, 12, pp. 7-32, 2002.


"The enduring significance of Bangladesh’s war of independence: An analysis of economic costs and consequences"
with Saud Choudhry
Journal of Developing Areas, 36(1), pp. 41-55, Autumn 2002.
Bengali translation is published in Bangla Journal, 4, pp. 9-29, 2002.


"Real exchange rate behavior and exchange rate misalignment in Bangladesh: A single equation approach"
with Atiqur Rahman
Bangladesh Development Studies 27(2), pp. 69-93, June 2001.


BOOK REVIEW of "Entrepreneur and economic development: The remarkable story of garment exports from Bangladesh" by Munir Quddus and Salim Rashid
Journal of Bangladesh Studies, 2, pp. 65-66, 2000.