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State-owned enterprises, shirking and trade liberalization

Madanmohan, Ghosh; Whalley, John - 2000

imports can also occur. These models when calibrated to 1995 data for Vietnam also suggest quantitatively much larger impacts …

Persistent link: https://www.econbiz.de/10009781577

Climate change and economic activity : evidence from U.S. states

Mohaddes, Kamiar; Ng, Ryan N. C.; Pesaran, M. Hashem; … - 2022

We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...

Persistent link: https://www.econbiz.de/10012806494

Long-term macroeconomic effects of climate change : a cross-country analysis

Kahn, Matthew E.; Mohaddes, Kamiar; Ng, Ryan N. C.; … - 2019

We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labour productivity is affected by country-specific climate variables. defined as deviations of temperature and precipitation from their historical norms. Using a panel...

Persistent link: https://www.econbiz.de/10012031151

Counterfactual analysis in macroeconometrics : an empirical investigation into the effects of quantitative easing

Pesaran, M. Hashem; Smith, Ron - 2012

This paper is concerned with ex ante and ex post counterfactual analyses in the case of macroeconometric applications where a single unit is observed before and after a given policy intervention. It distinguishes between cases where the policy change affects the model's parameters and where it...

Persistent link: https://www.econbiz.de/10009571104

Tests of policy ineffectiveness in macroeconometrics

Pesaran, M. Hashem; Smith, Ron - 2014

This paper proposes tests of policy ineffectiveness in the context of macroeconometric rational expectations models. It is assumed that there is a policy intervention that takes the form of changes in the parameters of a policy rule, and that there are sufficient observations before and after...

Persistent link: https://www.econbiz.de/10010375404

Causal effects of the Fed's large-scale asset purchases on firms' capital structure

Nocera, Andrea; Pesaran, M. Hashem - 2022

This paper investigates the short- and long-term impacts of the Federal Reserve's large-scale asset purchases (LSAPs) on the capital structure of U.S. non-financial firms. To isolate the effects of LSAPs from the impact of concurrent macroeconomic conditions, we exploit cross-industry variations...

Persistent link: https://www.econbiz.de/10013176956

Oil exports and the Iranian economy

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil … set on the Iranian economy over the period 1979Q1-2006Q4. Building an error correction specification in real output, real … the world. We also find that the Iranian economy adjusts quite quickly to the shocks in foreign output and oil exports …

Persistent link: https://www.econbiz.de/10003897747

The deepening China Brazil economic relationship

Whalley, John; Medianu, Dana - 2010

We document key features of the deepening economic relationship between Brazil and China. This is evident from sharply increased bilateral trade and foreign direct investment flows and also from enhanced cohesion of negotiating positions in international fora. Data presented show bilateral trade...

Persistent link: https://www.econbiz.de/10008806619

Substitutability and protectionism : Latin America's trade policy and imports from China and India

Facchini, Giovanni; Olarreaga, Marcelo; Silva, Peri; … - 2007

Persistent link: https://www.econbiz.de/10003496675

Pitfalls in the use of ad valorem equivalent representations of the trade impacts of domestic policies

Whalley, John (contributor) - 2005

Numerical simulation exercises to analyze the impacts of potential changes in non-tariff policies commonly use ad valorem equivalent tariff treatment even though estimated impacts using explicit model representation and ad valorem equivalent treatments will differ. The difficulty for modellers...

Persistent link: https://www.econbiz.de/10003109945