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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

Forecasting economic aggregates by disaggregates

Hendry, David F.; Hubrich, Kirstin - 2006

We suggest an alternative use of disaggregate information to forecast the aggregate variable of interest, that is to include disaggregate information or disaggregate variables in the aggregate model as opposed to first forecasting the disaggregate variables separately and then aggregating those...

Persistent link: https://www.econbiz.de/10011604635

The economic effects of exogenous fiscal shocks in Spain: a SVAR approach

de Castro Fernández, Francisco; Hernández de Cos, Pablo - 2006

This paper estimates the effects of exogenous fiscal policy shocks in Spain in a VAR framework. Government expenditure …

Persistent link: https://www.econbiz.de/10011604693

Infinite-dimensional VARs and factor models

Chudik, Alexander; Pesaran, Hashem - 2009

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/10011605044

The role of financial variables in predicting economic activity

Espinoza, Raphael; Fornari, Fabio; Lombardi, Marco J. - 2009

help predicting euro area GDP. We investigate whether financial variables provide additional predictive power. We use a VAR … between 1999 and 2002. Results from the historical decomposition of a VAR model indeed suggest that in that period shocks were …

Persistent link: https://www.econbiz.de/10011605154