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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,...
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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
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 …
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This paper aims to (i) investigate the impact of political connections (PC) and related party transactions (RPTs) on the firm value (FV), and (ii) test the moderating effect of RPTs on such relationship, while controlling for the firms' corporate governance mechanisms. Based on 315 observations...
Persistent link: https://www.econbiz.de/10013273112
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This study contributes to the conceptual and empirical studies by investigating the relation between the electricity generated from renewables, carbon dioxide (CO2) emission, exchange rate and unemployment on Egyptian economic growth (EEC). Developing countries are in pursuit of economic growth...
Persistent link: https://www.econbiz.de/10012667622
This study explains the effects of crude oil prices on copper and maize prices. Vector autoregressive and vector error correction models are used to study the relationship between oil prices and prices of copper and maize. The commodity price data used consist of average monthly prices of each...
Persistent link: https://www.econbiz.de/10012668157
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