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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
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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
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Productivity and firm dynamics over the business cycle
Assefa, Abraham; Lapitskaya, Darya; Uusküla, Lenno - 2022
Persistent link: https://www.econbiz.de/10013253091
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Fiscal policy and stock prices in the United States
Mumtaz, Haroon; Theodoridis, Konstantinos - 2021
Persistent link: https://www.econbiz.de/10013186196
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Routine-biased technological change and hours worked over the business cycle
Bock, Sébastien; Fontaine, Idriss - 2020
Persistent link: https://www.econbiz.de/10012387105
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A generalised stochastic volatility in mean VAR : an updated algorithm
Mumtaz, Haroon - 2020
In this note we present an updated algorithm to estimate the VAR with stochastic volatility proposed in Mumtaz (2018 …
Persistent link: https://www.econbiz.de/10012243290
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Fiscal sustainability assessment for Suriname 1978-2017 : a fiscal reaction function approach
Mungroo, Albert; Tjon Kie Sim-Balker, Peggy - 2020
following econometric techniques OLS, VAR, TAR, GMM and VECM. The results showed a positive and significant, but weak …
Persistent link: https://www.econbiz.de/10012298406
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Fiscal policy shocks and stock prices in the United States
Mumtaz, Haroon; Theodoridis, Konstantinos - 2017
This paper uses a range of structural VARs to show that the response of US stock prices to fiscal shocks changed in 1980. Over the period 1955-1980 an expansionary spending or revenue shock was associated with modestly higher stock prices. After 1980, along with a decline in the fiscal...
Persistent link: https://www.econbiz.de/10011627039
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Economic growth, youth unemployment, and political and social instability : a study of policies and outcomes in post-Arab spring Egypt, Morocco, Jordan, and Tunisia
Prince, Heather; Halasa-Rappel, Yara; Khan, Amna - 2018
The study has surveyed the post-Arab Spring youth employment policies that have been adopted in Egypt, Morocco, Jordan, and Tunisia. In addition, the study examines whether and how the economic policies implemented in these countries led to high levels of youth unemployment prior to the Arab...
Persistent link: https://www.econbiz.de/10012020135
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A generalised stochastic volatility in mean VAR
Mumtaz, Haroon - 2018
This paper introduces a VAR with stochastic volatility in mean where the residuals of the volatility equations and the …
Persistent link: https://www.econbiz.de/10011812167