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Mexico’s Industrial Engine of Growth: Cointegration and Causality
Diaz-Bautista, Alejandro - EconWPA - 2004
The present study applies the techniques of cointegration and Granger causality to examine the causal relationship …
Persistent link: https://www.econbiz.de/10005556323
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Financial Development and Economic Growth in Malaysia: The Stock Market Perspective
Choong, Chee Keong; Yusop, Zulkornain; Law, Siong Hook; … - EconWPA - 2003
development has a significant positive long-run impact on economic growth. Granger-causality test based on vector error correction …
Persistent link: https://www.econbiz.de/10005561265
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
of the relative health of community banks on economic growth and investigating potential transmission mechanisms for … market shares and higher efficiency rankings for small, private, domestically owned banks are associated with better economic … performance, and that the marginal benefits of larger shares are greater when the banks are more efficient. Only mixed support is …
Persistent link: https://www.econbiz.de/10005561768
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
of the relative health of community banks on economic growth and investigating potential transmission mechanisms for … market shares and higher efficiency rankings for small, private, domestically owned banks are associated with better economic … performance, and that the marginal benefits of larger shares are greater when the banks are more efficient. Only mixed support is …
Persistent link: https://www.econbiz.de/10005134638
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Long-Run Trends in Internal Migrations in Italy: a Study in Panel Cointegration with Dependent Units
Fachin, Stefano - EconWPA - 2005
The objective of this paper is to examine the long-run determinants of internal migrations from South Italy, and, in order to accomplish this task, to develop a bootstrap test for panel cointegration analysis with dependent units. Monte Carlo simulations show that the test, based on the...
Persistent link: https://www.econbiz.de/10005556331
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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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Quo vadis Euro?
Alberola, Enrique; Garcia-Cervero, Susana; López, Humberto - EconWPA - 2005
This paper calculates the equilibrium exchange rates for the Euro and the rest of the G-7 currencies. Building on the methodology of Alberola et al., it is shown that the stock of net foreign assets and the evolution of productivity are the fundamentals underlying the behaviour of the real...
Persistent link: https://www.econbiz.de/10005125549
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"PPP tests in cointegrated panels: Evidence from Asian developing countries".
Basher, Syed A.; Mohsin, Mohammed - EconWPA - 2003
This paper tests the relative version of purchasing power parity (PPP) for a set of ten Asian developing countries using panel cointegration framework. We employ 'between-dimension' dynamic OLS estimator as proposed by Pedroni (2001b). The test results overwhelmingly reject the PPP hypothesis.
Persistent link: https://www.econbiz.de/10005126247
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Bilaterial equilibrium exchange rates of EU accession countries against the euro
Rahn, Jörg - EconWPA - 2004
We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques...
Persistent link: https://www.econbiz.de/10005126284
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A Monte Carlo Comparison of Tests for Cointegration in Panel Data
McCoskey, Suzanne; Kao, Chihwa - EconWPA - 1997
This paper surveys recent developments and provides Monte Carlo comparison on various tests proposed for cointegration in panel data. In particular, tests for two panel models, varying intercepts and varying slopes and varying intercepts and common slopes, are presented from the literature with...
Persistent link: https://www.econbiz.de/10005407941