Search Results - subject:"Cointegration"

Empirical Study on the Relationship between Economic Development and Urban Construction Land in China: Based on the Panel Data of Provinces

ZHANG, Bingxin - USA-China Science and Culture Media Corporation

accordance with first order integration. Secondly, there was cointegration between economic development and urban land and the … cointegration equation illustrated that 10% of increase in GDP per capita would drive 4.94% of expansion in city construction land …

Persistent link: https://www.econbiz.de/10010936947

Does an expanding low-pay sector decrease structural unemployment? Evidence from Germany

Garz, Marcel; Tarassow, Artur - Fachbereich Sozialökonomie, Universität Hamburg

Low-pay work has been increasing in prevalence in many industrial countries. Following standard wage/price-setting theory, this increase should reduce structural unemployment, because labour market flexibility increases and labour costs decrease. However, a Keynesian perspective challenges this...

Persistent link: https://www.econbiz.de/10009318827

Error Correction Model for the Service Company

Janes, Aleksander - International School for Social and Business Studies, …

Purpose of this applicative project research was the identification and analysis of the key performance indicators (KPIs’) which significantly contribute to the benefits of the business processes exploitation in the Port of Luka Koper, d. d. With this case study we attempted to get deeper...

Persistent link: https://www.econbiz.de/10010552542

Shanghai Stock Exchange Composite Index and Bank Stock Prices in China: A Causality Analysis

Yao, Shujie; Luo, Dan; Morgan, Stephen - Leverhulme Centre for Research on Globalisation and …

investors. In the following co-integration test, both AEG and Johansen’s methods concluded a long-run stable equilibrium …

Persistent link: https://www.econbiz.de/10008461469

Optimal Residual Based Tests for Fractional Cointegration and Exchange Rate Dynamics

Nielsen, Morten Oerregaard - School of Economics and Management, University of Aarhus

We propose a Lagrange Multiplier (LM) test of the null hypothesis of cointegration in fractionally cointegrated models …Optimal Residual Based Tests for Fractional Cointegration and Exchange Rate Dynamics Morten Ørregaard Nielsen Working … PAPER Optimal Residual Based Tests for Fractional Cointegration and Exchange Rate Dynamics Morten Ørregaard Nielsen Working …

Persistent link: https://www.econbiz.de/10005787506

Local Whittle Analysis of Stationary Fractional Cointegration

Nielsen, Morten Oerregaard - School of Economics and Management, University of Aarhus

of the errors, and the cointegration vector. The estimator is semiparametric in the sense that it employs local … matrix. Thus, the estimates of the integration orders are asymptotically independent of the estimate of the cointegration …Local Whittle Analysis of Stationary Fractional Cointegration Morten Ørregaard Nielsen Working Paper No. 2002 …

Persistent link: https://www.econbiz.de/10005787527

The Tax Spending Nexus: Evidence from a Panel of US State-Local Governments

Mahdavi, Saeid; Westerlund, Joakim - College of Business, University of Texas-San Antonio

We re-examine the tax-spending nexus using, for the first time, a panel of fifty US state-local government units over the period 1963-97 and panel techniques that allow for cross-sectional dependence. We find that, unlike tax revenues, expenditures adjust to revert back to a long-term...

Persistent link: https://www.econbiz.de/10005754989

Behavioural Equilibrium Exchange Rate and Total Misalignment: Evidence from the Euro Exchange Rate

Koukouritakis, Minoas; Giannellis, Nikolaos - Department of Economics, University of Crete

USA converges or not to its equilibrium level. Applying cointegration and common trend techniques in the presence of …

Persistent link: https://www.econbiz.de/10004994308

The Long-Run Effect of Aid on Domestic Output

Herzer, Dierk; Morrissey, Oliver - Centre for Research in Economic Development and …

developing countries using heterogeneous panel cointegration techniques to control for omitted variable and endogeneity bias to …

Persistent link: https://www.econbiz.de/10004964252

Long run dynamics of regional growth in Chile

Oyarzún, Carlos; Araya, Iván - In: Estudios de Economia 28, 1 Year 2001, pp. 69-78

The aim of this article is to examine the process of economic growth in the regions of Chile using a time series approach.In particular,we test the hypothesis of a unit root in the log of the ratios of per capita product between every possible pair taken from the 13 regions.The ‘acceptance’...

Persistent link: https://www.econbiz.de/10005812485