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In this paper, I analyze the causes of the prolonged slowdown of the Japanese economy in the 1990s and find that the stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the stagnation of household consumption during the 1990s...
Persistent link: https://www.econbiz.de/10010332277
(2009) Macro-econometric model of the US economy. The results of our regression estimation and cointegration analysis, for …
Persistent link: https://www.econbiz.de/10010927822
the cointegration and error correction modeling strategies to tackle the problem of non-stationary data. Two different … variant of cointegration technique have been employed and in either case a valid long run positive relationship has been found …
Persistent link: https://www.econbiz.de/10009418494
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
power for both GDP growth and excess stock returns, and that the results are robust to the inclusion of information …
Persistent link: https://www.econbiz.de/10009647399
, vector autoregression, was used including causality analysis, and Gregory-Hansen cointegration, for estimating a long … to industrial GDP, and bidirectional causality between agricultural and service GDPs in terms of Sri Lanka's economy. The … effect of Gregory-Hansen co-integration affirmed a long-run nexus in agricultural growth positively with industrial and …
Persistent link: https://www.econbiz.de/10011637982
The 'saving for a rainy day' hypothesis implies that households' saving decisions reflect that they can (rationally) predict future income declines. The empirical relevance of this hypothesis plays a key role in discussions of fiscal policy multipliers and it holds under the null that the...
Persistent link: https://www.econbiz.de/10010518800
and cointegration issues. We find that in most cases, the variables are non-stationary in their levels and not …
Persistent link: https://www.econbiz.de/10010369147
, vector autoregression, was used including causality analysis, and Gregory-Hansen cointegration, for estimating a long … to industrial GDP, and bidirectional causality between agricultural and service GDPs in terms of Sri Lanka's economy. The … effect of Gregory-Hansen co-integration affirmed a long-run nexus in agricultural growth positively with industrial and …
Persistent link: https://www.econbiz.de/10011688750
difference model approach of the Okun’s law are used even though one of them is frequently used in the literature. We utilize Var-cointegration …
Persistent link: https://www.econbiz.de/10009788571