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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 …
Persistent link: https://www.econbiz.de/10005607360
cointegration techniques and accounting for the 2006 structural break on the carbon market, we show that while a cointegrating …
Persistent link: https://www.econbiz.de/10009002848
In this paper, we reexamine empirically the finance/growth nexus. We argue that financial deepening should not only be … relationship between financial deepening and economic growth for OECD countries over the last forty years. …
Persistent link: https://www.econbiz.de/10009644846
We construct new series for common native language and common spoken language for 195 countries, which we use together with series for common official language and linguistic proximity in order to draw inferences about (1) the aggregate impact of all linguistic factors on bilateral trade, (2)...
Persistent link: https://www.econbiz.de/10010604035
The Japanese yen in 2012 remains 25 percent above its value in 2007. Exports, industrial production, and stock prices crashed after 2007 and have yet to regain their pre-crash values. This paper investigates the contribution of the yen appreciation to this economic disaster. Evidence from...
Persistent link: https://www.econbiz.de/10010604037
There is increasing empirical evidence that trade specialisation and competition takes place in varieties rather than in products or industries. This paper examines recent changes in the export specialisation of Latin America and the Caribbean (LAC) and their Asian competitors by looking at...
Persistent link: https://www.econbiz.de/10004981170
Persistent link: https://www.econbiz.de/10005062822
Persistent link: https://www.econbiz.de/10005062837
In this paper we use data on French export prices at the disaggregated firm and product level to evaluate the effect of economic integration on price convergence. We use the European integration ‘experiment’ and firm-level data on export prices to distinguish between two possible margins of...
Persistent link: https://www.econbiz.de/10005406532
Persistent link: https://www.econbiz.de/10005406546