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Pyramid capitalism : cronyism, regulation, and firm productivity in Egypt

Diwan, Ishac; Keefer, Philip; Schiffbauer, Marc - 2016

Using a large, original database of 385 politically connected firms under the Mubarak regime in Egypt, we document for the first time the negative impact of cronyism on economic growth. In the early 2000s, a policy shift in Egypt led to the expansion of crony activities into new, previously...

Persistent link: https://www.econbiz.de/10011544875

Codependent VAR models and the pseudo-structural form

Trenkler, Carsten; Weber, Enzo - 2012

This paper investigates whether codependence restrictions can be uniquely imposed on VAR and VEC models via the so …

Persistent link: https://www.econbiz.de/10011489949

Inference in VARs with conditional heteroskedasticity of unknown form

Brüggemann, Ralf; Jentsch, Carsten; Trenkler, Carsten - 2014

We derive a framework for asymptotically valid inference in stable vector autoregressive (VAR) models with conditional … heteroskedasticity of unknown form. We prove a joint central limit theorem for the VAR slope parameter and innovation covariance … parameter estimators and address bootstrap inference as well. Our results are important for correct inference on VAR statistics …

Persistent link: https://www.econbiz.de/10011490564

Modeling and forecasting currency in circulation for liquidity management in Nigeria

Ikoku, Alvan - In: CBN journal of applied statistics 5 (2014) 1, pp. 79-104

Nigeria. Forecasts were produced using ARIMA, ARIMA with structural variables, VAR and VEC models. The performance of the …

Persistent link: https://www.econbiz.de/10011474285

Foreign trade-economic growth nexus : evidence from Nigeria

Arodoye, Nosakhare L.; Iyoha, Milton A. - In: CBN journal of applied statistics 5 (2014) 1, pp. 121-141

This study examines the nexus between foreign trade and economic growth in Nigeria using quarterly time-series data for 1981Q1 through 2010Q4. In order to fully account for feedbacks, a vector autoregressive model is utilized. The results show that there is a stable, long- run relationship...

Persistent link: https://www.econbiz.de/10011474324

Foreign private investment and economic growth in Nigeria : a cointegrated VAR and Granger causality analysis

Abdullahi, F. Z.; Ladan, S.; Bakari, Haruna R. - In: CBN journal of applied statistics 2 (2011) 2, pp. 15-28

This research uses a cointegration VAR model to study the contemporaneous long-run dynamics of theimpact of Foreign … period January 1970 to December 2009. The Unit Root Test suggests that all the variables are integrated of order 1. The VAR …

Persistent link: https://www.econbiz.de/10011477457

Effects of exchange rate movements on economic growth in Nigeria

Akpan, Eme O.; Atan, Johnson A. - In: CBN journal of applied statistics 2 (2011) 2, pp. 1-14

This study investigates the effect of exchange rate movements on real output growth in Nigeria. Based on quarterly series for the period 1986 to 2010, the paper examines the possible direct and indirect relationship between exchange rates and GDP growth. The relationship is derived in two ways...

Persistent link: https://www.econbiz.de/10011477465

Productivity and firm dynamics over the business cycle

Assefa, Abraham; Lapitskaya, Darya; Uusküla, Lenno - 2022

Persistent link: https://www.econbiz.de/10013253091

Fiscal policy and stock prices in the United States

Mumtaz, Haroon; Theodoridis, Konstantinos - 2021

Persistent link: https://www.econbiz.de/10013186196

Routine-biased technological change and hours worked over the business cycle

Bock, Sébastien; Fontaine, Idriss - 2020

Persistent link: https://www.econbiz.de/10012387105