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Is Germany a hub of Factory Europe for CEE countries? : the sink approach in GVC decomposition

Kordalska, Aleksandra; Olczyk, Magdalena - 2019

The goal of the paper is to decompose gross exports/imports to/from Germany for seven selected economies in Central and Eastern Europe (CEE): the Czech Republic, Estonia, Hungary, Lithuania, Latvia, Poland, and Slovakia for 2000 and 2014, to identify the role of German in absorbing, reflecting,...

Persistent link: https://www.econbiz.de/10012033048

Gender based within-household inequality in immunization status of children: some evidence from South Asian countries

Konstantakis, Konstantinos N.; Michaelides, Panayotis G. - In: Economics Bulletin 35 (2015) 2, pp. 871-877

Using households with a pair of male-female siblings from DHS surveys, this paper estimates gender based within-household inequality in immunization status of children (aged 1-5 years) from Bangladesh, India, Nepal and Pakistan. I find substantial level of gender based within-household...

Persistent link: https://www.econbiz.de/10011249521

Fiscal Policy and US-Canadian Trade

Sgro, Pasquale M; Lagana, Gianluca - In: Economics Bulletin 31 (2011) 2, pp. 1856-1868

A factor-augmented vector autoregressive (FAVAR) model is applied to determine the effects of a rise in US government expenditure on the United States and Canadian economies. The results obtained reasonably characterize the effect of a rise in US government spending to the United States and...

Persistent link: https://www.econbiz.de/10009144887

Fiscal Policy under the Debt Feedback Rule: The Case of Japan

Ko, Jun-hyung; Morita, Hiroshi - In: Economics Bulletin 31 (2011) 3, pp. 2373-2387

, previous empirical works dealing with vector auto-regression (VAR) have not considered the effect of debt on fiscal policy and … the macro economy. In this paper, we incorporate debt dynamics in a VAR model in the spirit of Favero and Giavazzi (2007 …, 2011). The inclusion of the debt feedback rule in VAR can help overcome the misspecification problem and provide direction …

Persistent link: https://www.econbiz.de/10009275595

A VAR analysis of FDI and environmental regulation: China's case

Peng, Wen-bin; Tian, Kun; Xiang, Guo-Cheng - In: Economics Bulletin 31 (2011) 1, pp. 11-11

This paper employs impulse response function of VAR model and the estimation variance decomposition method to …

Persistent link: https://www.econbiz.de/10010629904

Macroeconomics of the New and the Used Car Markets

Prado, Sylvain M. - In: Economics Bulletin 30 (2010) 3, pp. 1862-1884

The new cars of today are used cars of tomorrow and some people assume a competition between new and used markets. There are numerous, preconceived ideas and academic theories regarding the interactions between primary and secondary markets. To investigate the relations, we provide a...

Persistent link: https://www.econbiz.de/10008596628

Private Debt and GDP: A Short-Run Perspective

Cafiso, Gianluca - 2016

Mainstream economic research regards private debt as a determinant of GDP growth in the longrun. Levine (2005) surveys in details this branch of literature and explains the channels by which debt fuels growth. In this paper we switch the focus from the long to the short-run and study whether...

Persistent link: https://www.econbiz.de/10011584900

Impulse Response Matching Estimators for DSGE Models

Guerron-Quintana, Pablo; Inoue, Atsushi; Kilian, Lutz - 2016

One of the leading methods of estimating the structural parameters of DSGE models is the VAR-based impulse response … response parameters exceeds the number of VAR model parameters. Situations in which this order condition is violated arise …

Persistent link: https://www.econbiz.de/10011431276

Growth Expectations, Undue Optimism, and Short-Run Fluctuations

Enders, Zeno; Kleemann, Michael; Müller, Gernot - 2013

We assess the contribution of "undue optimism" (Pigou) to short-run fluctuations. In our analysis, optimism pertains to total factor productivity which determines economic activity in the long run, but is not contemporaneously observed by market participants. In order to recover optimism shocks...

Persistent link: https://www.econbiz.de/10010328714

Infinite dimensional VARs and factor models

Chudik, Alexander; Pesaran, Mohammad Hashem - 2007

dynamic systems. Restrictions on the coefficients of an unrestricted VAR are proposed that are binding only in a limit as the … number of endogenous variables tends to infinity. It is shown that under such restrictions, an infinite-dimensional VAR (or … IVAR) can be arbitrarily well characterized by a large number of finite-dimensional models in the spirit of the global VAR …

Persistent link: https://www.econbiz.de/10010276215