Search Results - subject:"Co-Trending"

An Alternative Nonlinear Perspective on the Consumption, Income and Wealth Relationship

Holmes, Mark J.; Shen, Xin - In: Economics Bulletin 32 (2012) 1, pp. 766-777

We provide new evidence on the relationship between consumption expenditure and key drivers namely, income and wealth. Using a testing procedure advocated by Bierens applied to US data, we find evidence that all series are in fact stationary around a nonlinear deterministic trend and are...

Persistent link: https://www.econbiz.de/10009651203

Nonlinearities and Price Puzzle in Brazil

Ferreira, Roberto Tatiwa; Castelar, Ivan - In: Economia 9 (2008) 1, pp. 47-62

nonlinear trend stationary. After that a nonparametric co-trending analysis was applied. The test result favored a common …

Persistent link: https://www.econbiz.de/10008516682

Testing for convergence among Mercosur countries

Cuestas, Juan Carlos; Ordóñez, Javier - Nottingham Trent University, Nottingham Business … - 2007

The aim of this paper is to analyse the existence of price convergence in Mercosur. Two variables are considered, Consumer Price Indices to assess convergence in the goods and services markets and real interest rates, to analyse convergence in the money markets. The univariate analysis points...

Persistent link: https://www.econbiz.de/10004980096

The quest for a fiscal rule: Italy, 1861-1998

Ricciuti, Roberto - Institute of Public Policy and Public Choice - POLIS - 2007

The Italian fiscal history is characterised by a number of fiscal consolidations. In this paper we characterise fiscal policy in terms of non-linear deterministic processes. We find that government spending and taxes can be described as being non-linear trend stationary processes instead of unit...

Persistent link: https://www.econbiz.de/10005135329

Punishment and Counter-punishment in Public Goods Games: Can we still govern ourselves?

Ricciuti, Roberto - Department of Economics, Royal Holloway University of London - 2004

we characterise fiscal policy in terms of non-linear processes. We find that government spending and taxes can be described as being non-linear trend stationary processes instead of unit roots. A long run equilibrium relationship - a non-linear co-trend - does exist between the two series,...

Persistent link: https://www.econbiz.de/10005652692

The nonlinear behavior of competition: the impact of talent compression on competition

Schmidt, Martin - In: Journal of Population Economics 22 (2009) 1, pp. 57-74

Persistent link: https://www.econbiz.de/10005396001

The quest for a fiscal rule: Italy, 1861–1998

Ricciuti, Roberto - In: Cliometrica, Journal of Historical Economics and … 2 (2008) 3, pp. 259-274

The Italian fiscal history is characterised by a number of fiscal consolidations. In this study, we characterise fiscal policy in terms of non-linear deterministic processes. We find that government spending and taxes can be described as being non-linear trend stationary processes instead of...

Persistent link: https://www.econbiz.de/10005609152

Nonlinear Trends and Co-trending in Canadian Money Demand

Cushman, David - In: Studies in Nonlinear Dynamics & Econometrics 6 (2007) 1, pp. 1003-1003

. Then, Bierens' (2000) nonlinear co-trending test finds two common nonlinear trends among the variables. The trends are … consistent with a standard money demand relationship. All unit root and co-trending test conclusions are based on size and power … the observed nonlinear trending and co-trending might arise in a theoretical model, and with implications for further …

Persistent link: https://www.econbiz.de/10004966220

Nonlinear Trends and Co-trending in Canadian Money Demand

Cushman, David - In: Studies in Nonlinear Dynamics & Econometrics 6 (2002) 1, pp. 1003-1003

Persistent link: https://www.econbiz.de/10005579845