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Employment Growth, Inflation and Output Growth: Was Phillips Right?: Evidence from a Dynamic Panel
Caporale, Guglielmo Maria; Skare, Marinko - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in Phillips' tradition. For this purpose we apply FMOLS, DOLS, PMGE, MGE, DFE, and VECM methods to a nonstationary heterogeneous dynamic panel including annual data for 119...
Persistent link: https://www.econbiz.de/10009225992
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Trade Specialisation and Economic Convergence: Evidence from Two Eastern European Countries
Caporale, Guglielmo Maria; Rault, Christophe; Sova, Robert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This paper analyses trade specialisation dynamics in two Eastern European countries (Romania and Bulgaria - EEC-2) vis-à-vis the core EU member states (EU-15) over the period 1990-2006. Specifically, we focus on whether there is a shift towards intra-industry trade leading to economic...
Persistent link: https://www.econbiz.de/10005069103
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Trade Flows and Trade Specialisation: The Case of China
Caporale, Guglielmo Maria; Sova, Anamaria; Sova, Robert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
Using annual data for the period 1992-2012, this paper examines trade flows between China and its main trade partners … in China’s trade patterns. The analysis is based on both economic indicators and the estimation of a gravity model, and … fixed effect vector decomposition (FEVD) technique. The findings confirm the significant change in China’s trading structure …
Persistent link: https://www.econbiz.de/10011185756
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Local Banking and Local Economic Growth in Italy: Some Panel Evidence
Caporale, Guglielmo Maria; Colli, Stefano Di; Salvo, … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
This paper provides new evidence on the contribution of local banking to local economic growth (i.e. at county level - the Italian "province") in Italy. A comprehensive dataset is used, which includes control variables for social capital and human capital as well as indicators of the quality of...
Persistent link: https://www.econbiz.de/10010896183
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How Has the Global Financial Crisis Affected Syndicated Loan Terms in Emerging Markets?: Evidence from China
Caporale, Guglielmo Maria; Lodh, Suman; Nandy, Monomita - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2015
a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China …
Persistent link: https://www.econbiz.de/10011276389
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Oil Price Uncertainty and Sectoral Stock Returns in China: A Time-Varying Approach
Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Nicola - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014
This paper investigates the time-varying impact of oil price uncertainty on stock prices in China using weekly data on …
Persistent link: https://www.econbiz.de/10010786995