Loughborough University
Leicestershire, UK
LE11 3TU
+44 (0)1509 263171
Loughborough University

Loughborough University Research Publications


Publications for Eric Pentecost

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Journal Articles

Du, W and Pentecost, EJ (2021) New “News” for the news model of the spot exchange rate, Economics Letters, 200, ISSN: 0165-1765. DOI: 10.1016/j.econlet.2021.109770.

Ahmad, AH and Pentecost, E (2019) Testing the ‘fear of floating’ hypothesis: a statistical analysis for eight African countries, Open Economies Review, 31, ISSN: 0923-7992. DOI: 10.1007/s11079-019-09557-3.

Bird, G, Pentecost, E, Yang, Y (2019) The Twin Deficits Hypothesis: An Empirical Examination, Open Economies Review, ISSN: 0923-7992. DOI: 10.1007/s11079-019-09541-x.

Tian, Y and Pentecost, EJ (2019) The Changing Sources of Real Exchange Rate Fluctuations in China, 1995–2017: Twinning the Western Industrial Economies?, Chinese Economy, 52(4), pp.358-376, ISSN: 1097-1475. DOI: 10.1080/10971475.2018.1559123.

Pentecost, EJ, Du, W, Bird, G, Willett, T (2019) Contagion from the crises in the Euro-zone: where, when and why?, The European Journal of Finance, 25(14), pp.1309-1327, ISSN: 1351-847X. DOI: 10.1080/1351847X.2019.1589552.

Stack, MM, Pentecost, E, Ravishankar, G (2018) A stochastic frontier analysis of trade efficiency for the new EU member states: Implications of Brexit, Economic Issues -Stoke on Trent-, ISSN: 1363-7029.

Bird, G, Du, W, Pentecost, E, Willett, T (2017) Safe haven or contagion? The disparate effects of Euro-zone crises on non-Euro-zone neighbours, Applied Economics, 49(59), pp.5895-5904, ISSN: 0003-6846. DOI: 10.1080/00036846.2017.1358445.

Bird, G, Du, W, Pentecost, E, Willett, T (2017) Was it different the second time? An empirical analysis of contagion during the crises in Greece 2009-15, The World Economy, 40(12), pp.2530-2542, ISSN: 0378-5920. DOI: 10.1111/twec.12553.

Stack, MM, Ravishankar, G, Pentecost, E (2017) Foreign direct investment in the eastern European countries: Determinants and performance, Structural Change and Economic Dynamics, 41, pp.86-97, ISSN: 1873-6017. DOI: 10.1016/j.strueco.2017.04.005.

Pentecost, E and Valdivia, FZ (2016) Structural real exchange rate and unemployment interdependencies in Argentina, Revista de Economia y Estadistica, ISSN: 0034-8066.

Stack, MM, Ravishankar, G, Pentecost, EJ (2015) FDI performance: a stochastic frontier analysis of location and variance determinants, Applied Economics, pp.1-14, ISSN: 0003-6846. DOI: 10.1080/00036846.2015.1013612.

Rasciute, S, Puckett, S, Pentecost, EJ (2014) The allocation Of OECD direct investment between CEECs: A discrete choice approach, Bulletin of Economic Research, 67(S1), pp.S26-S39, ISSN: 0307-3378. DOI: 10.1111/boer.12032.

Rasciute, S, Pentecost, E, Ferrett, B (2014) Firm heterogeneity in modelling foreign direct investment location decisions, Applied Economics, 46(12), pp.1350-1360, ISSN: 0003-6846. DOI: 10.1080/00036846.2013.872760.

Ahmad, AH and Pentecost, EJ (2012) Identifying aggregate supply and demand shocks in small open economies: Empirical evidence from African countries, INTERNATIONAL REVIEW OF ECONOMICS & FINANCE, 21(1), pp.272-291, ISSN: 1059-0560. DOI: 10.1016/j.iref.2011.08.004.

Ahmad, AH, Harvey, DI, Pentecost, EJ (2011) Exchange rate regime verification: An alternative method of testing for regime changes, ECONOMICS LETTERS, 113(1), pp.96-98, ISSN: 0165-1765. DOI: 10.1016/j.econlet.2011.05.050.

Stack, MM and Pentecost, EJ (2011) Regional integration and trade: A panel cointegration approach to estimating the gravity model, JOURNAL OF INTERNATIONAL TRADE & ECONOMIC DEVELOPMENT, 20(1), pp.53-65, ISSN: 0963-8199. DOI: 10.1080/09638199.2011.538184.

Pentecost, EJ and Turner, PM (2010) Demand and Supply Shocks in the Caribbean Economies: Implications for Monetary Union, The World Economy, 33(10), pp.1325-1337.

Rasciute, S and Pentecost, EJ (2010) A Nested Logit Approach to Modelling the Location of Foreign Direct Investment in the Central and Eastern European Countries, Economic Modelling, 27(1), pp.32-39.

Ahmad, AH and Pentecost, EJ (2009) Sources of Real Exchange Rate Fluctuations: Empirical Evidence from African Countries, The Manchester School, Supplement(S1), pp.66-84, ISSN: 1463-6786. DOI: 10.1111/j.1467-9957.2009.02119.x.

Malik, S and Pentecost, EJ (2007) A time series econometric model of inward foreign direct investment into Pakistan, Indian Economic Review, 42(2), pp.177-190.

Papazoglou, C, Pentecost, EJ, Marques, HI (2006) A Gravity Model Forecast of the Potential Trade Effects of EU Enlargement: Lessons from 2004 and Path-dependency in Integration, World Economy, 29(8), pp.1077-1089, ISSN: 0378-5920. DOI: 10.1111/j.1467-9701.2006.00834.x.

Moore, T and Pentecost, EJ (2006) An Investigation into the Sources of Fluctuation in Real and Nominal Wage Rates in Eight EU countries: A Structural VAR Approach, Journal of Comparative Economics, 34(2), pp.357-376, ISSN: 0147-5967. DOI: 10.1016/j.jce.2006.03.001.

Moore, T and Pentecost, EJ (2006) The Sources of Real Exchange Rate Fluctuations in India, Indian Economic Review, 41(1), pp.9-23.

Pentecost, EJ and Sessions, JG (2006) Labour Market Flexibility and Macroeconomic Policy in the European Union, Recent Developments in Economics, 22, pp.43-57.

Holmes, MJ and Pentecost, EJ (2006) Are there Asymmetrics in the Relationship Between Exchange Rate Fluctuations and Stock Market Volatility in Pacific Basin Countries, Review of Pacific Basin Financial Markets and Policies, 9(2), pp.1-28.

Holmes, MJ and Pentecost, EJ (2006) Volatility Transmission and Growth: An International Perspective, International Journal of Applied Economics, 3(1), pp.15-23.

Pentecost, EJ and Moore, T (2006) Financial Liberalization in India and a New Test of the Complementarity Hypothesis, Economic Development and Cultural Change, 54(2), pp.487-502, ISSN: 0013-0079. DOI: 10.1086/497007.

Pentecost, EJ and Moore, T (2006) Financial liberalization in India and a new test of the complementarity hypothesis, ECONOMIC DEVELOPMENT AND CULTURAL CHANGE, 54(2), pp.487-502, ISSN: 0013-0079. DOI: 10.1086/497007.

Pentecost, EJ (2005) Rising Household Debt Levels: Is there a crisis? Recent Developments in Economics, 21, pp.95-108.

Papazoglou, C and Pentecost, EJ (2004) The Dynamic Adjustment of a Transition Economy in the Early Stages of Transformation, Journal of Macroeconomics, 26(3), pp.547-561, ISSN: 0164-0704. DOI: 10.1016/j.jmacro.2003.03.006.

Mills, TC and Pentecost, EJ (2003) Is there a Relationship Between Real Exchange Rate Movements and the Output Cycle? Economic Modelling, 20, pp.593-603, ISSN: 0264-9993.

Pentecost, EJ and Sessions, JG (2002) Changing Labour Market Flexibility in the European union, Weltwirtschaftliches Archiv, 138(1), pp.148-160, ISSN: 0043-2636.

Gourlay, AR and Pentecost, EJ (2002) The Determinants of Technology Diffusion: Evidence from the UK Financial Sector, The Manchester School, 70(2), pp.185-203, ISSN: 1463-6786. DOI: 10.1111/1467-9957.00291.

Pentecost, EJ, Van Hooydonk, C, Van Poeck, A (2001) Measuring and Estimating Exchange Market Pressure in the EU, Journal of International Money and Finance, 20(3), pp.401-418, ISSN: 0261-5606. DOI: 10.1016/S0261-5606(00)00055-3.

Pentecost, EJ (2001) The Effects of Exchange Rate Changes, Recent Developments in Economics, 17(April), pp.103-118.

Mills, TC and Pentecost, EJ (2001) The Real Exchange Rate and the Output Response in Four EU Accession Countries, Emerging Markets Review, 2(4), pp.418-430.

Pentecost, EJ (2000) Financial development and economic growth in Turkey: further evidence on the causality issue, Economic Working Paper.

Pentecost, EJ, Milner, CR, Mizen, P (2000) A Cross Country Panel Analysis of Currency Substitution and Trade, Economic Inquiry, 38(2), pp.206-217, ISSN: 0095-2583.

Pentecost, EJ and Morley, B (2000) Common Trends and Cycles in G-7 Countries Exchange Rates and Stock Prices, Applied Economics Letters, 7, pp.7-10, ISSN: 1350-4851.

Pentecost, EJ and Ramlogan, C (2000) The Savings Ratio and Financial Repression in Trinidad and Tobago, International Economic Journal, 14(2), pp.1-14.

Holmes, MJ and Pentecost, EJ (1999) A New Test of International Financial Integration with Application to the European Union, Journal of Economic Integration, 14(1), pp.1-12, ISSN: 1225-651X.

Evans, JL and Pentecost, EJ (1998) Economic Performance of the UK Regions: Divergence or Convergence? Environment and Planning C: Government and Policy, 16, pp.649-658.

Pentecost, EJ and Morley, B (1998) Asset Pricing and Foreign Exchange Market Risk: Econometric Evidence for the G-7, Journal of International Money and Finance, 17, pp.317-329, ISSN: 0261-5606.

Pentecost, EJ, Chelley Steeley, PL, Steeley, J (1998) Exchange Controls and European Stock Market Integration, Applied Economics, 30(2), pp.263-68.

Chelley-Steeley, PL, Steeley, JM, Pentecost, EJ (1998) Exchange controls and European stock market integration, APPLIED ECONOMICS, 30(2), pp.263-267, ISSN: 0003-6846. DOI: 10.1080/000368498326056.

Holmes, MJ and Pentecost, EJ (1997) The Term Structure of Interest Rates and Financial Integration in the ERM, INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2(3), pp.237-247, ISSN: 1076-9307.

Holmes, MJ and Pentecost, EJ (1997) The Term Structure of Interest Rates and Financial Integration in the ERM, International Journal of Finance and Economics, 2(2), pp.1-11.

Holmes, MJ and Pentecost, EJ (1996) Some Econometric Tests of Changes in the Degree of Financial Integration Within the European Community in the 1980s, Journal of Economics Studies, 23(2), pp.4-17.

Milner, CR and Pentecost, EJ (1996) Locational Advantage and US Direct Investment in the UK, Applied Economics, 28(5), pp.605-615.

Milner, CR, Mizen, PD, Pentecost, EJ (1996) The Impact of Intra-European Trade on Sterling Currency Substitution, Weltwirtschaftliches Archiv, 132(1), pp.160-171, ISSN: 0043-2636.

PENTECOST, EJ (1995) INTERNATIONAL CAPITAL MOBILITY AND EXTERNAL ACCOUNT DETERMINATION - MAKIN,AJ, MANCHESTER SCHOOL OF ECONOMIC AND SOCIAL STUDIES, 63(2), pp.225-226, ISSN: 0025-2034.

Pentecost, EJ and Holmes, MJ (1995) Changes in the Extent of Financial Integration within the European Community Between the 1970s and 1980s, Applied Economics Letters, 2, pp.184-187.

Button, KJ and Pentecost, EJ (1995) Testing for Convergence of the EU Regional Economies, Economic Inquiry, 33(4), pp.664-671, ISSN: 0095-2583.

Chelley-steeley, PL and Pentecost, EJ (1994) Stock market efficiency, the small firm effect and cointegration, Applied Financial Economics, 4(6), pp.405-411, ISSN: 0960-3107. DOI: 10.1080/758518672.

Mizen, P and Pentecost, EJ (1994) Evaluating the Empirical Evidence for Currency Substitution: A Case Study of the Demand for Sterling in Europe, The Economic Journal, 104(426), pp.1057-1069, ISSN: 0013-0133.

Chelley, P and Pentecost, EJ (1994) Small Firm Effects, Market Efficiency and Cointegration, Applied Financial Economics, 4(6), pp.405-411.

Button, KJ and Pentecost, EJ (1993) Regional Convergence in Service Sector Employment in the UK, Regional Studies, 27(7), pp.623-636, ISSN: 0034-3404.

PENTECOST, EJ (1992) EUROPEAN FINANCIAL INTEGRATION - GIOVANNINI,A, MAYER,C, ECONOMIC JOURNAL, 102(412), pp.645-647, ISSN: 0013-0133. DOI: 10.2307/2234307.

Holmes, MJ and Pentecost, EJ (1992) Changes in the Extent of Financial Interdependence Between the G7 Countries in the 1970s and 1980s, International Economic Journal, 7(1), pp.95-105.

Pentecost, EJ (1991) ECONOMETRIC APPROACHES TO EMPIRICAL MODELS OF EXCHANGE RATE DETERMINATION, Journal of Economic Surveys, 5(1), pp.71-96, ISSN: 0950-0804. DOI: 10.1111/j.1467-6419.1991.tb00127.x.



Conferences

Pentecost, EJ (2003) Currency Substitution, Capital Mobility and Dollarisation: an Econometric Analysis of Bulgaria, 1992-7. In Applied Econometrics Association, Econometrics of Emerging Markets, Toledo, Spain, ????.



Books

Green, CJ, Pentecost, EJ, Weyman-Jones, TG (ed) (2011) The Financial Crisis and the Regulation of Finance, Edward Elgar Publishing, ISBN: 9781849808705.

Pentecost, EJ and Van Poeck, A (ed) (2001) The Economics of Monetary Integration: Past, Present and Future, Edward Elgar, ISBN: 1-84064-579-2.

Pentecost, EJ and Papazoglou, C (ed) (2001) Exchange Rate Policies, Prices and the Supply-Side Response: A Study of Transitional Economies, Palgrave, ISBN: 0-333-79457-5.

Pentecost, EJ (2000) Macroeconomics: An Open Economy Approach, Macmillan Press, ISBN: 0 333 57329 3.

Pentecost, EJ and Button, KJ (1999) Regional Economic Performance within the European Union, Edward Elgar, ISBN: 1-85898-064 X.

Mizen, PD and Pentecost, EJ (ed) (1996) The Macroeconomics of International Currencies: Theory Policy and Evidence, Edward Elgar.

Pentecost, EJ (1993) Exchange Rate Dynamics: A Modern Analysis of Exchange Rate Theory and Evidence, Edward Elgar, ISBN: 1 85278 138 6.



Chapters

Terras, M (2015) Introduction. In Unknown Parent Title, pp.1-3.

Green, CJ, Pentecost, EJ, Weyman-Jones, T (2011) Introduction. In The Financial Crisis and the Regulation of Finance, pp.1-18, ISBN: 9781849808705. DOI: 10.4337/9781849808712.00009.

Rasciute, S and Pentecost, EJ (2010) Continuous versus discrete representation of investing firm heterogeneity in modelling FDI location decisions. In Hess, S and Daly, A (ed) Choice Modelling: the state-of-the-art and the state-of-practice, Emerald Group Publishing, pp.571-592.

Pentecost, EJ (2004) Exchange Rate Policy in the Transition to Accession: A Review of the Options. In Unknown Parent Title, Wydawnictwo Uniwersytetu Lodzkiego, p.27, ISBN: 83-7171-788-1.

Pentecost, EJ and Morrison, K (2002) The Effect of the EU Business Cycle on the Visegrad Economies Exports and Output. In Karadeloglou, PE (ed) Enlarging the EU: The Trade Balance Effects, Palgrave/Macmillan, pp.277-291.

Pentecost, EJ (2002) A Quarter of a Century of Real GDP and Growth Rate Convergence and Divergence in the EU. In Meeusen, W and Villaverde, JE (ed) Convergence Issues in the European Union, Edward Elgar, pp.23-40, ISBN: 1-84064-666-7.

Papozoglou, C and Pentecost, EJ (2002) Trade effects of EU accession on the transition economies: a Gravity Model approach. In Karodeloglou, P (ed) Enlarging the EU: The Trade Balance Effects, Palgrave Macmillan, pp.261-276, ISBN: 1-4039-0075-2.

Pentecost, EJ and Papazoglou, C (2001) Output Dynamics in Transition Economies Under Alternative Exchange Rate Regimes. In Papazoglou, C and Pentecost, EJE (ed) Exchange Rate Policies, Prices and the Supply-Side Response, Palgrave, pp.11-23, ISBN: 0-333-79457-5.

Pentecost, EJ and Van Poeck, A (2001) The Historical Background to EMU. In Van Poeck, A and Pentecost, EJE (ed) The Economics of Moentary Integration: Past, Present and Future, Edward Elgar, pp.1-11.

Pentecost, EJ (2001) The Political Economy of Transition to Monetary Union in Western Europe. In Pentecost, EJ and Van Poeck, AE (ed) The Economics of Monetary Integration: Past, Present and Future, Edward Elgar, pp.15-35, ISBN: 1-84064-579-2.

Chobanov, G and Pentecost, EJ (2001) Price Level and Output Dynamics Under a Currency Board: The Case of Bulgaria. In Papazoglou, C and Pentecost, EJE (ed) Exchange Rate Policies, Prices and the Supply-Side Response, Palgrave, pp.91-103, ISBN: 0-333-79457-5.

Mitchell, A and Pentecost, EJ (2001) The Real Exchange Rate and the Output Response in Four Transition Economies: A Panel Data Study. In Papazoglou, C, eds, PEJ (ed) Exchange Rate Policies, Prices and the Supply-Side Response, Palgrave, pp.68-77, ISBN: 0-333-79457-5.

Morley, B and Pentecost, EJ (1999) A Macroeconomic Model of the Exchange Rate with Stock Price Effects. In Siriopoulos, CE (ed) Topics in Financial Economics and Risk Analysis, Paratiritus Press, pp.237-246, ISBN: 960-374-052-7.

Pentecost, EJ (1999) Nineteenth Century Monetary Unions in Europe: An Historical Perspective and Lessons for EMU in the Twenty-First Century. In Arestis, P, Daniel, S, Grahl, eds, J (ed) History and Practice of Economics: Essays in Honour of Bernard Corry and Maurice Peston, Edward Elgar, pp.110-125, ISBN: 1-85898-579-X.

Holmes, MJ and Pentecost, EJ (1999) The Rise and Decline of US International Monetary Hegemony. In Slater, D and Taylor, PE (ed) The American Century: Consensus and Coercion in the Projection of US Power, Basil Blackwell, pp.84-97.

Pentecost, EJ (1997) Currency Substitution and Exchange Rate Policy within the European Union. In Karadeloglou, PE (ed) Exchange Rate Policies for Europe, Macmillan, pp.110-131, ISBN: 0333-698193.

Pentecost, EJ and Mizen, PD (1996) Currency Substitution in Theory and Practice. In Mizen, P and Pentecost, EJE (ed) The Macroeconomics of International Currency Theory, Policy and Evidence, Edward Elgar, pp.8-43.

Pentecost, EJ (1996) The Modern Approach to Exchange Rate Determination and UK Exchange Rate Policy. In Atkinson, GBE (ed) Recent Developments in Economics, Causeway Press, pp.127-144, ISBN: 1-873929-58-7.

Button, KJ and Pentecost, EJ (1995) Regional Economic Convergence in Great Britain and Germany. In Armstrong, H and Vickerman, RE (ed) Convergence and Divergence Among European Regions, Pion Ltd, pp.112-123, ISBN: 0 85086 1659.

Milner, CR and Pentecost, EJ (1994) Comparative Advantage and US Foreign Direct Investment in the UK. In Balasubramanyam, VN and Sapsford, DE (ed) Economics of International Investment, Edward Elgar, pp.85-102, ISBN: 1858 980771.

Pentecost, EJ (1992) The UK Non-oil Trade Balance and External Adjustment. In Milner, C and Snowden, NE (ed) Current Account Imbalances and External Adjustment in the 1990s, Macmillan, pp.124-143.



School/Dept Working Papers

Ahmad, AH and Pentecost, EJ (2009) Sources of Real Exchange Rate Fluctuations: Empirical Evidence from African Countries.

Papazoglou, C and Pentecost, EJ (2003) The Dynamic Adjustment of a Transition Economy in the Early Stages of Transformation.

Holmes, MJ, Pentecost, EJ, Maghrebi, N (2001) Stock Market Volatility and Unanticipated Exchange Rate Fluctuations: Evidence from Asian Financial Markets.

Gourlay, AR and Pentecost, EJ (2000) The Determinants of Technology Diffusion: Evidence from the UK Financial Sector.

Mills, TC and Pentecost, EJ (2000) The Real Exchange Rate and the Output Response in Four EU Accession Countries.

Pentecost, EJ, van Hooydonk, C, van Poeck, A (1997) Measuring and Estimating Exchange Market Pressure in the EU.

Ramlogan, C and Pentecost, EJ (1996) A Disequilibrium Model of Financial Repression with Estimates for Trinidad and Tobago.

Pentecost, EJ and Ramlogan, C (1996) The Savings Ratio and Financial Repression in Trinidad and Tobago.

Morley, B and Pentecost, EJ (1995) International Asset Pricing and Foreign Exchange Market Risk: Econometric Evidence.

Chelley Steeley, P, Pentecost, EJ, Steeley, J (1995) Exchange Controls and the Behaviour of European Stock Market Indexes.

Button, KJ and Pentecost, EJ (1994) Regional Economic Convergence in Great Britain and Germany.

Holmes, MJ and Pentecost, EJ (1994) Financial Integration and Economic Interdependence in the European Union.

Button, KJ and Pentecost, EJ (1993) Short-run and Long-run Convergence in the EC Regional Economies.

Holmes, MJ and Pentecost, EJ (1993) Some Econometric Tests of Changes in the Degree of Financial Integration in the European Community in the 1980s.

Pentecost, EJ and Sessions, JG (1993) A Reinterpretation of the Aggregate Demand and Supply Model in the Light of Keynes.

Button, KJ and Pentecost, EJ (1993) Testing for Convergence of the EC Regional Economics.

Pentecost, EJ and Mizen, P (1992) Evaluating the Empirical Evidence for Currency Substitution: A Case Study of the Demand for Sterling in Europe.

Pentecost, EJ and Button, KJ (1992) Regional Convergence in Service Sector Employment in the UK.

Holmes, MJ and Pentecost, EJ (1992) Changes in the Extent of Financial Interdependence Between the G7 Countries in the 1970s and 1980s.



Other

Pentecost, EJ (2017) The monetary transmission mechanism.

Pentecost, EJ (2001) Eatwell, J. and Taylor, L. ``Global Finance at Risk''.

Pentecost, EJ (1999) Helliner, G.K. (ed.), ``Capital Account Regimes in Developing Countries''.

Pentecost, EJ (1997) Monticelli, C. and Papi, L. (eds), ``European Monetary Integration, Monetary Co-ordination and the Demand for Money''.

Pentecost, EJ (1997) Isard, P, ``Exchange Rate Economics''.

Pentecost, EJ (1995) Makin, A.J, ``International Capital Mobility and External Account Determination''.

Pentecost, EJ (1995) Van der Ploeg, F. (ed.), ``The Handbook of International Macroeconomics''.

Pentecost, EJ (1994) Genberg, H. and Swoboda (eds), ''World Financial Markets after 1992''.

Pentecost, EJ (1994) Barrell, R. and Whitney, J. (eds), ''Macroeconomic Policy Co-ordination in Europe: The ERM and Monetary Union''.

Pentecost, EJ (1992) Giovannini, A. and Mayer, C. (eds), ``European Financial Integration''.

Pentecost, EJ (1992) Phylaktis, K. and Pradhan, M. (eds) ``International Finance and the Less Developed Countries''.



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