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Coudert, Virginie; Mignon, Valérie; Penot, Alexis - HAL - 2008

exchange rate, expressed in real terms. To this end, weproceed to a cointegration and causality study between the two variables …. Our results indicate that causality runs from oil prices to the exchange rate and that the relationship between the two …

Persistent link: https://www.econbiz.de/10008789406

Are public transport improvements endogenous with respect to employment and income location in a city?

Bacares, Carlos Augusto Olarte - HAL - 2014

to infer causality of improvement of public transport. The size of companies, defined by the number of jobs they offer … largely defined by the level of improvement to urban public transport in each zone of the city but the causality relationship … seams to have a causality relationship with the income of inhabitants in each zone and the number of jobs, and this changes …

Persistent link: https://www.econbiz.de/10011025830

A Behavioral Definition of States of the World

Vergopoulos, Vassili - HAL - 2014

This paper elaborates an axiomatic treatment of the Subjective Expected Utility (SEU) model that dispenses with the assumption of an exogenous state space. Within a state-free description of uncertainty and alternatives, axioms for preferences are formulated and shown to characterize the...

Persistent link: https://www.econbiz.de/10011025910

Trade and productivity: self-selection or learning-by-exporting in India

Haidar, Jamal Ibrahim - HAL - 2012

Recent literature tried to explain the Indian growth miracle in different ways, ranging from trade liberalization to industrial reforms. Using data on Indian manufacturing firms, this paper analyzes the relationship between firm's productivity and export market participation during 1991-2004....

Persistent link: https://www.econbiz.de/10010635258

Health, Work and Working Conditions: A Review of the European Economic Literature

Barnay, Thomas - HAL - 2014

, researchers control endogeneity skews (e.g., reverse causality, omitted variables) when conducting empirical analysis. With these …

Persistent link: https://www.econbiz.de/10010820607

Residual-based tests for cointegration and multiple deterministic structural breaks: A Monte Carlo study

Mogliani, Matteo - HAL - 2010

The aim of this paper is to study the performance of residual-based tests for cointegration in the presence of multiple … Westerlund and Edgerton (2007). This exercise allow us to cover a wide set of single-equation cointegration estimators. Monte …

Persistent link: https://www.econbiz.de/10010738963

Temporal Dimension and Equilibrium Exchange Rate: a FEER / BEER Comparison

Lòpez-Villavicencio, Antonia; Mazier, Jacques; … - HAL - 2012

We analyze, in a unified theoretical framework, the two main models for equilibrium exchange rate, namely, the BEER and the FEER approaches. In order to understand the interactions between them, we study in detail the temporal links between these two measures. Our results show that, in average,...

Persistent link: https://www.econbiz.de/10009645460

Complementarity between private and public investment in R&D: A Dynamic Panel Data analysis

Tarek, Sadraoui; Zina, Naceur Ben - HAL - 2009

This paper investigates the relationship between private and public investment in R&D, while taking into account the effect of several instruments policies such as subsidies and taxes. We design a new look of knowledge spillovers and R&D cooperation to explain the contribution of public and...

Persistent link: https://www.econbiz.de/10008791563

Arbitrage free cointegrated models in gas and oil future markets

Benmenzer, Grégory; Gobet, Emmanuel; Jérusalem, Céline - HAL - 2007

In this article we present a continuous time model for natural gas and crude oil future prices. Its main feature is the possibility to link both energies in the long term and in the short term. For each energy, the future returns are represented as the sum of volatility functions driven by...

Persistent link: https://www.econbiz.de/10008793749

The impact of income distribution on consumption: a reassessment

Allain, Olivier - HAL - 2011

For some Post Keynesian economists, functional income distribution affects economic activity and growth through its effects on investment, consumption and net exports. This study focuses on econometric issues about the consumption function. Post Keynesians generally fail to find a long-run...

Persistent link: https://www.econbiz.de/10010635064