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The Impact of Education on Economic Growth in Guatemala: A Time- Series Analysis Applying an Error-Correction Methodology

Loening, Ludger J. - EconWPA - 2002

This paper investigates the impact of human capital on economic growth in Guatemala through the application of an error-correction methodology. Two channels are analyzed, by which human capital is expected to influence growth. A better-educated labor force appears to have a positive and...

Persistent link: https://www.econbiz.de/10005119126

Do European Stock Markets Affect Latin American Stock Markets?

Rivas, Andrés; Verma, Rahul; Rodriguez, Antonio; … - EconWPA - 2005

In this study, we examine the response of Latin American stock markets to movements in European stock markets using VAR models. Our results vary depending on the openness of the country in terms of international trade. We find evidence that Latin American stock markets are responsive to changes...

Persistent link: https://www.econbiz.de/10005561729

ACCELERATE YOUR SOCIO-ECONOMIC DEVELOPMENT – AN ECCENTRIC BICIRCUALR MODEL & SOLUTIONS.

SUBRAMANIAM, DR. VSR. - EconWPA - 2004

linking Domestic Investment with Domestic Saving Potential (Entrepreneurial Background). Both these Circles are to be … =========================================================== CONCEPTS DERIVED :- 01. DOMESTIC INVESTMENTS THROUGH DOMESTIC SAVINGS – EXOGENOUS CIRCLE. (INDIVIDUAL / CORPORATE / GOVERNMENT …

Persistent link: https://www.econbiz.de/10005561298

Real exhange rate misalignment in Hungary: a fractionally integrated=20 threshold model

DUFRENOT, Gilles; GRIMAUD, Elisabeth; Eug=E9nie LATIL; … - EconWPA - 2003

This paper proposes an estimate of the Hungarian real exchange rate=20 misalignments using fractionally integrated threshold models (FI-STARMA and=20= FI-TARMA=20 processes). This allows us to simultaneously take into account two types of=20 persistence: a long memory behavior due to the...

Persistent link: https://www.econbiz.de/10005124891

On Autoregressive Order Selection Criteria

Liew, Venus Khim-Sen - EconWPA - 2004

This study investigates the performance of various commonly applied order selection criteria in selecting order of Autoregressive (AR) process. The most important finding of this study is that Akaike’s information criterion, Schwarz information criterion, Hannan-Quinn criterion, final...

Persistent link: https://www.econbiz.de/10005134582

A Framework for Forecasting the Components of the Consumer Price

Aron, Janine; Muellbauer, John; Pretorius, Coen - EconWPA - 2004

Inflation is a far from homogeneous phenomenon, but this fact is ignored in most work on consumer price inflation. Using a novel methodology grounded in theory, the ten sub-components of the consumer price index (excluding mortgage interest rates, or CPIX) for South Africa are modeled separately...

Persistent link: https://www.econbiz.de/10005062419

Effects of STAR and TAR types nonlinearities on order selection criteria

Liew, Venus Khim-sen; Chong, Terence Tai- leung - EconWPA - 2003

This paper investigates via a simulation study the effects of nonlinearities on several commonly used order selection criteria. The most important finding of this study is that SIC, FPE, HQC and BIC perform considerably well in estimating the true autoregressive order, even in the presence of...

Persistent link: https://www.econbiz.de/10005062576

Understanding Brazilian Unemployment Structure: A Mixed Autoregressive Approach

Silva, Ricardo Gonçalves; Andrade, Marinho Gomes; … - EconWPA - 2004

The aims of this paper are estimate and forecast the Non-Accelerating Inflation Rate of Unemployment, or NAIRU, for Brazilian unemployment time series data. In doing so, we introduce a methodology for estimating mixed additive seasonal autoregressive (MASAR) models, by the Generalized Method of...

Persistent link: https://www.econbiz.de/10005407874

Modeling highly volatile and seasonal markets: evidence from the Nord Pool electricity market

Weron, Rafal; Simonsen, Ingve; Wilman, Piotr - EconWPA - 2003

In this paper we address the issue of modeling spot electricity prices. After analyzing factors leading to the unobservable in other financial or commodity markets price dynamics we propose a mean reverting jump diffusion model. We fit the model to data from the Nord Pool power exchange and find...

Persistent link: https://www.econbiz.de/10005407920

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

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