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LSDVC estimates, this study finds a significant labourfriendly impact of R&D expenditures. However, this positive employment …
Persistent link: https://www.econbiz.de/10012110063
The aim of this paper is twofold. On the one hand, the economic insights on the employment impact of technological … labor-friendly impact of R&D expenditures (mainly related to product innovation) is found; yet, this positive employment …) capital formation is found to be negatively related to employment; this outcome suggests a possible labor-saving effect due to …
Persistent link: https://www.econbiz.de/10011814025
"In recent years, there has been renewed interest in the yield curve (or alternatively, the term premium) as a predictor of future economic activity. In this paper, we re-examine the evidence for this predictor, both for the United States, as well as European countries. We examine the...
Persistent link: https://www.econbiz.de/10008662970
This paper focuses on nominal exchange rates, specifically the US dollar rate vis-à-vis the Euro and the Japanese Yen at a daily frequency. We model both absolute values of returns and squared returns using long-memory techniques, being particularly interested in volatility modelling and...
Persistent link: https://www.econbiz.de/10003931070
Persistent link: https://www.econbiz.de/10003391559
Persistent link: https://www.econbiz.de/10003963286
Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro area) - are subjected to a minimalist structural interpretation. Though simple, this interpretation enables us to assess how much of each of the imbalances require a real exchange...
Persistent link: https://www.econbiz.de/10003855162
Persistent link: https://www.econbiz.de/10010520824
Persistent link: https://www.econbiz.de/10011417547
This paper analyses the long-memory properties of US and European stock indices, as well as their linkages, using fractional integration and fractional cointegration techniques. These methods are more general and have higher power than the standard ones usually employed in the literature. The...
Persistent link: https://www.econbiz.de/10011334455