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-run interactions are analyzed through the implementation of causality tests, evaluation of cross-correlations between the cyclical … components of the series in order to identify lead/lag relationships and cointegration analysis. Our results highlight the … and share prices on the short run. Turning to the long run, numerous long-term relationships are detected, the causality …
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International comparisons of living standards are still primarily made using GDP per capita, in spite of recurrent criticism that this is a partial and ill-founded measure of social welfare (Sen). Alternative measures abound, such as the Index of Human Development computed by the United Nations...
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