International Journal of Economics and Finance

International Journal of Economics and Finance (IJEF) is a double-blind peer-reviewed international journal dedicated to promoting scholarly exchange among teachers and researchers in the field of economics, financial economics and finance. The journal is published monthly in both print and online versions by the Canadian Center of Science and Education.

The scope of IJEF includes the fields in the economics and finance. Authors are encouraged to submit complete, unpublished, original, and full-length articles that are not under review in any other journals. The online version of the journal is free access and download. If you want to order print copies, please visit:

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2014 Q2: Articles Received: 128; Accepted: 85; Rejected: 44; Published: 71; Retracted: 0

2014 Q1: Articles Received: 166; Accepted: 87; Rejected: 74; Published: 71; Retracted: 0

2013: Articles Received: 548; Accepted: 253; Rejected: 292; Published: 187; Retracted: 1

2013 Q4: Articles Received: 172; Accepted: 88; Rejected: 91; Published: 50; Retracted: 1

2013 Q3: Articles Received: 139; Accepted: 53; Rejected: 74; Published: 40; Retracted: 0

2013 Q2: Articles Received: 112; Accepted: 46; Rejected: 70; Published: 44; Retracted: 0

2013 Q1: Articles Received: 125; Accepted: 66; Rejected: 57; Published: 53; Retracted: 0


  • e-Version First: Vol. 6, No. 8


IJEF follows APA style.


Author Guidelines

1. Authors must ensure that their papers are free of spelling and grammatical errors and typos.

2. Research papers should not exceed 8,000 words.

3. A separate title page of an article should contain the title of the paper, name(s) and affiliation(s) of the author(s).

4. The first page of an article should contain an abstract not exceeding 250 words and a maximum of eight keywords.

5. Equations in the text should be numbered consecutively using Arabic numerals within simple brackets and aligned against the right margin.

6. All appendices should be numbered consecutively using uppercase roman numerals and shown after the list of references.

7. References should be cited within the text as follows: According to Wickremasinghe (2005), foreign exchange market … These results are inconsistent with those of other studies (Perera, 1995; Silva, 2000)

8. List of references should show each citation in alphabetical order and follow the style of APA

9. Author should register with the journal before submitting manuscripts.

10. Page proofs will be sent to the corresponding author. The corrected manuscripts should be submitted, and the publication fee should be paid within 10 working days.

11. The publication fee is 300USD.



The publisher and journal have a policy of “Zero Tolerance on the Plagiarism”. We check the plagiarism issue through two methods: reviewer check and plagiarism prevention tool (

All submissions will be checked by iThenticate before being sent to reviewers.

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Vol 6, No 7 (2014)

Vol. 6, No. 7, July 2014

Table of Contents


Relationship between Stock Market Development and Economic Growth: Evidences from Canada and Australia PDF
Hung T. Nguyen, Hang V. D. Pham p1
Gender in Environmental Context: The Effect of Property Rights, Fines, and Empathy Nudging PDF
Natalia V. Czap, Hans J. Czap, Mark E. Burbach, Gary D. Lynne p11
There’s No Smoke without Fire: Equity Returns Response to Indictment Filing PDF
Zvika Afik, Yaron Lahav, Zoya Ochakovski p24
Re-Examining Exchange-Rate Risk Effects and Export Trade Using the ARDL Bounds Testing Approach PDF
Augustine C. Arize, John Malindretos p31
The Fall of Detroit: A Financial Economist’s Point of View PDF
Yu Peng Lin p43
Volatility Patterns of CDS, Bond and Stock Markets Before and During the Financial Crisis: Evidence from Major Financial Institutions PDF
Ansgar Belke, Christian Gokus p53
The Impact of Foreign Direct Investment on Economic Growth: A Case Study of Turkey 1980–2012 PDF
Ahmed Abdulrahman Khder Aga p71
Testing the Stickiness of Macroeconomic Indicators and Disaggregated Prices in Japan: A FAVAR Approach PDF
Tao Gu p85
Energy Productivity Convergence in Asian Countries: A Spatial Panel Data Approach PDF
Dipa Adhikari, Yanying Chen p94
The Impact of Technology Transfer through Foreign Direct Investment in Developing Nations: A Case Study in the United Arab Emirates PDF
Batoul Modarress, Abdolhossein Ansari, Emil Thies p108
The Trade Structure of the Total Manufactured Goods: A New Perspective of Research on the RMB Real Exchange Rate Model PDF
Zhi-ming Zhu, Jin-ya Wu, Tao Chen, Bing-yan He p127
What Risks for the Profitability of the Banking Sector PDF
Ilhèm Gargouri, Younes Boujelben p140
The Impact of Macroeconomic and Corporate Governance Factors on Firm Value of Taiwanese Green Technology Industry: A Consideration of Differential Slope PDF
Chien Jen Wang p157
Nature of the SME Financing Gap: Some Evidence from Ghana PDF
Daniel Domeher, Joseph M. Frimpong, Kwame Mireku p165
Income Level of Fadama III Beneficiaries in Delta State as at Project Closure in December 2013 PDF
Pius Chinwuba Ike p176
Inflation Targeting: An Alternative to Monetary Policy PDF
Abdelkader Aguir p182
Monetary Policy Shock, the Strength of Bank Relationship and Corporate Cash Policy PDF
Fu-Yan Luo p195
Towards a Full-Fledged Value-Added Taxation in Egypt PDF
Abdelmonem Lotfy Mohamed p213
Financial Development and Economic Growth in Kenya: An Empirical Analysis 1980–2011 PDF
Susan Moraa Onuonga p226
A Study on the Relationship between Corporate Governance Ratings and Company Value: Empirical Evidence for S&P 100 Companies PDF
Stefan Cristian Gherghina, Georgeta Vintila, Ioana Laura Tibulca p242
Reviewer Acknowledgements for International Journal of Economics and Finance, Vol. 6, No. 7 PDF
Michael Zhang p254

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This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Economics and Finance  ISSN  1916-971X (Print) ISSN  1916-9728 (Online)

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