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New Panel Unit Root Tests under Cross Section Dependence for Practitioners
Sul, Donggyu - EconWPA - 2005
This paper studies the principle of common recursive mean adjustment and proposes a new detrending method in dynamic panel models. By utilizing recursive mean adjustment, this paper provides three unit root tests: a recursive mean adjusted (RMA) unit root test, a covariate RMA and a pooled...
Persistent link: https://www.econbiz.de/10005062577
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The monetary approach to exchange rates in the CEECs
Crespo-Cuaresma, Jesús; Fidrmuc, Jarko; McDonald, Ronald - EconWPA - 2004
A panel data set for six Central and Eastern European countries (the Czech Republic, Hungary, Poland, Romania, Slovakia and Slovenia) is used to estimate the monetary exchange rate model with panel cointegration methods, including the Pooled Mean Group estimator, the Fully Modified Least Square...
Persistent link: https://www.econbiz.de/10005561077
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The evolution of regional productivity disparities in the European Union, 1975-2000
Kamarianakis, Yiannis; Gallo, Julie Le - EconWPA - 2003
The aim of this paper is to assess the evolution of regional productivity disparities in the European Union. Using a sample of 205 regions and 8 sectors on the 1975-2000 period, we use Esteban’s shift- share analysis to investigate the extent to which the existing interregional inequalities in...
Persistent link: https://www.econbiz.de/10005556195
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Productivity Growth in China: Evidence from Chinese Provinces
Ao, Xiang; Fulginiti, Lilyan E. - EconWPA - 2005
mainly to fast increase of inputs. Young (2000) also estimated the TFP growth rate of China to be 1.4% per year during the … the non-agricultural economy (of China) during the reform period is respectable, but not outstanding.' China's real GDP …
Persistent link: https://www.econbiz.de/10005062403
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The Travails of Current Macroeconomic and Exchange Rate Management in China: The Complications of Switching to a New Growth Engine
Woo, Wing Thye - EconWPA - 2003
Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter … challenges have their roots in China’s inadequate marketization and continued discrimination against the domestic private sector … themselves into nonperforming loans. In partially-reformed China, public-directed investments via the state enterprises tend to …
Persistent link: https://www.econbiz.de/10005062405
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Has world poverty really fallen during the 1990s?
Reddy, Sanjay G.; Minoiu, Camelia - EconWPA - 2005
about the extent of initial poverty and the rate of subsequent poverty reduction in China, India, and the rest of the … the extent and trend of poverty in China, India, and the rest of the developing world, world poverty may or may not have …
Persistent link: https://www.econbiz.de/10005062424
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Spatial Price Differences in China: Estimates and Implications
Brandt, Loren; Holz, Carsten - EconWPA - 2005
economic outcomes in China. In this article, we construct a set of (rural, urban, total) provincial- level spatial price … provide illustrations of the significant effect of ignoring spatial price differences in the analysis of China’s economy. …
Persistent link: https://www.econbiz.de/10005413246
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Chinese Regional Agricultural Productivity in the 1990'a
Tong, Haizhi; Fulginiti, Lilyan E. - EconWPA - 2005
A nonstochastic Malmquist Index and a stochastic frontier production function are estimated to examine agricultural productivity growth in Chinese provinces during the 1990’s. Results for both methods indicate high productivity growth in the mid 1990’s with a declining trend thereafter....
Persistent link: https://www.econbiz.de/10005118911
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Correlating Growth with Well-Being during Economic Reforms Evidence from India and China
Basu, Sudip Ranjan - EconWPA - 2005
. The regional (16 Indian states and 28 Chinese provinces) level study of India and China show that the quality of growth …
Persistent link: https://www.econbiz.de/10005118671
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The Power of Single Equation Tests for Cointegration when the Cointegrating Vector is Prespecified.
Zivot, Eric - EconWPA - 1996
In this paper I present an alternative derivation of the asymptotic distribution of Kremers, Ericsson and Dolado's (1992) conditional ECM- based t-test for no-cointegration with a single prespecified cointegrating vector. This alternative distribution, which is identical to the distribution of...
Persistent link: https://www.econbiz.de/10005407947