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Assessing Forecast Performance in a VEC Model: An Empirical Examination
Bragoudakis, Zacharias - EconWPA - 2005
This paper is an exercise in applied macroeconomic forecasting. We examine the forecasting power of a vector error … expenditure as suggested by the economic theory. We compare the estimated forecasting values of the endogenous variables to the …
Persistent link: https://www.econbiz.de/10005556281
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China and the Geopolitics of Oil in the Asian Pacific Region
Bustelo, Pablo - EconWPA - 2005
China’s growing demand for oil is significantly changing the international geopolitics of energy, especially in the … East Asian economies (China, Japan and South Korea) is also a possibility. This document first of all presents an overview … of China’s energy sector, emphasising the strong growth in its energy demand to date and its potential for future growth …
Persistent link: https://www.econbiz.de/10005118931
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Greed and Grievance in Civil War
Collier, Paul; Hoeffler, Anke - EconWPA - 2004
We investigate the causes of civil war, using a new data set of wars during 1960-99. We test a `greed’ theory focusing on the ability to finance rebellion, against a`grievance’ theory focusing on ethnic and religious divisions, political repression and inequality. We find that greed...
Persistent link: https://www.econbiz.de/10005407738
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Spurious Regression and Residual-Based Tests for Cointegration in Panel Data When the Cross-Section and Time-Series Dimensions are Comparable
Kao, Chihwa - EconWPA - 1997
In the first half of the paper we study spurious regressions in panel data when the cross-section and time-series dimensions are comparable. Asymptotic properties of the least-squares dummy variable (LSDV) estimator and other conventional statistics are examined. We show that the LSDV...
Persistent link: https://www.econbiz.de/10005407888
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Firm Level Investment in France and the United States: An Exploration of What We Have Learned in Twenty Years
Hall, Bronwyn H.; Mairesse, Jacques; Mulkay, Benoit; … - EconWPA - 1999
We review the changes in modelling strategy and econometric methodology when estimating a firm-level investment equation on panel data during the past twenty years, in order to assess which of these changes result from new estimation methods and changes in the practice of panel data...
Persistent link: https://www.econbiz.de/10005408002
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Indirect and Compounded Effects of External Crises on Growth in Emerging Markets
Melecky, Martin - EconWPA - 2005
An attempt to quantify possible negative effects of external crises in emerging market economies is made in this paper. The direct and indirect effects of the external crises, here sudden stops in capital flows and currency crises, are estimated and compounded into composite overall effects. In...
Persistent link: https://www.econbiz.de/10005408201
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The Determinants of Economic Well-being:An Application in the Indian States
Basu, Sudip Ranjan - EconWPA - 2005
The purpose of this paper is to explore the determinants of economic well-being. We provide a methodology to compute well-being by aggregating different socio-economic dimensions with factor analysis technique. We also estimate quality of good governance (using latent variable approach) and a...
Persistent link: https://www.econbiz.de/10005556056
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Economic Growth, Well-Being and Governance under Economic Reforms: Evidence from Indian States
Basu, Sudip Ranjan - EconWPA - 2005
This paper provides empirical evidence, from the study of sixteen major Indian states for the period 1980-2001, that under the economic reform process, the better institutional mechanism could actually help economies to grow faster with higher level of economic well-being. We estimate economic...
Persistent link: https://www.econbiz.de/10005556115
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Development of Ownership Structure and its Effect on Performance: Czech Firms from Mass Privatization
Kocenda, Evzen - EconWPA - 2002
This paper works with a broad data sample of Czech voucher-privatized firms during 1996 - 1999. It analyzes the development of ownership structure and consequently its effect on a firm's performance Ownership concentration had been quite high in 1996 and steadily increased. The single largest...
Persistent link: https://www.econbiz.de/10005556293
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The Impact of Current Account Reversals on Growth in Central and Eastern Europe
Melecky, Martin - EconWPA - 2005
According to economic theory, the capital inflows reversal – so-called sudden stop – has a significant negative effect on economic growth. This paper investigates the direct impact of current account reversals on growth in Central and Eastern European countries. Two steps to conduct the...
Persistent link: https://www.econbiz.de/10005556614