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The research presented in this paper is undertaken in response to the debate on capital flight from Russia. This debate usually involves discussion of its determinants but misses the question of its ultimate effects on the economy. Lack of understanding of the economic nature of capital flight...
Persistent link: https://www.econbiz.de/10005125555
flows (as Foreign Direct Investment – FDI) that entered the Portuguese, Spanish, French and English economies from 1970 till … stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among … and the origins of the different Foreign Direct Investment series (the FDI entrances). The presentation of an empirical …
Persistent link: https://www.econbiz.de/10005408149
This paper makes three contributions: First, I construct annual time series of gross domestic investment and national …-run bivariate relationship between the time series of investment and saving. Third, I also examine the short-run as well as the … cyclical relationships between the time series of investment and saving. The results reported in this paper indicate that there …
Persistent link: https://www.econbiz.de/10005408170
flows (as Foreign Direct Investment – FDI) that entered the Portuguese, Spanish, French and English economies from 1970 till … stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among … and the origins of the different Foreign Direct Investment series (the FDI entrances). The presentation of an empirical …
Persistent link: https://www.econbiz.de/10005408172
-run investment-saving correlation follows directly from the economy's dynamic budget constraint and this does not depend on the … degree of international capital mobility. Therefore, unless the budget constraint is violated, the time series of investment … annual and quarterly post-war U.S. data, I find that investment and saving are cointegrated in levels as well as in rates …
Persistent link: https://www.econbiz.de/10005119491
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
In this paper we consider bayesian semiparametric regression within the generalized linear model framework. Specifically, we study a class of autoregressive time series where the time trend is incorporated in a nonparametrically way. Estimation and inference where performed through Markov Chain...
Persistent link: https://www.econbiz.de/10005407984
A typical problem of the seasonal adjustment procedures arises when the series to be adjusted is subject to structural breaks. In fact, using the full span of the series can result in a biased estimation of the ”true” seasonal adjusted series, with unclear evidence showed by the usual...
Persistent link: https://www.econbiz.de/10005119084
The UK economy has enjoyed an unprecedented period of positive economic growth since the early 1990s. The absence of recession for more than a decade has been accompanied by a sustained decline in the level of mortgage arrears, as reported by major lenders. This paper seeks to examine the...
Persistent link: https://www.econbiz.de/10005062515
's (1992) conditional ECM- based t-test for no-cointegration with a single prespecified cointegrating vector. This alternative …-test with a prespecified cointegrating vector can have much higher power than single equation tests for cointegration based on …
Persistent link: https://www.econbiz.de/10005407947