Showing 1 - 10 of 149
This paper studies the convergence, and the role of internal real exchange rate on economic growth in the Chinese provincial level. Using informal growth equation à la Barro [1991] and dynamic panel data estimation, we find conditional convergence among the coastal provinces and among inland...
Persistent link: https://www.econbiz.de/10010738816
country (China) over the period 1997-2009. We confirm Hausmann, Hwang and Rodrik (2007)'s prediction that regions that … contributors to the global upgrading of China's exports. This finding suggests that the contribution of assembly trade and foreign …
Persistent link: https://www.econbiz.de/10010775815
In this paper we deal with the problem of non-stationarity encountered in a lot of data sets, mainly in financial and economics domains, coming from the presence of multiple seasonnalities, jumps, volatility, distorsion, aggregation, etc. Existence of non-stationarity involves spurious behaviors...
Persistent link: https://www.econbiz.de/10010750362
This article questions the empirical usefulness of leverage effects to describe the dynamics of equity returns. Using a recursive estimation scheme that accurately disentangles the asymmetry coming from the conditional distribution of returns and the asymmetry that is related to the past return...
Persistent link: https://www.econbiz.de/10011025593
method to electricity prices and test spot prices forecasts until one month ahead forecast. We conclude that the k …-factor GIGARCH process is a suitable tool to forecast spot prices, using the classical RMSE criteria. …
Persistent link: https://www.econbiz.de/10010738481
method to electricity prices and test spot prices forecasts until one month ahead forecast. We conclude that the k …-factor GIGARCH process is a suitable tool to forecast spot prices, using the classical RMSE criteria. …
Persistent link: https://www.econbiz.de/10010738662
This paper focuses on the identification and short term forecast of the correlation between the Labor Productivity …
Persistent link: https://www.econbiz.de/10010601713
The aim of this paper is to identify the fundamental factors that drive the allowances market and to built an APT-like model in order to provide accurate forecasts for CO2. We show that historic dependency patterns emphasis energy, natural gas, oil, coal and equity indexes as major factors...
Persistent link: https://www.econbiz.de/10010603635
An empirical forecast accuracy comparison of the non-parametric method, known as multivariate Nearest Neighbor method … for dependent time series, providing confidence intervals for point forecast in time series. …
Persistent link: https://www.econbiz.de/10010603668
An empirical forecast accuracy comparison of the non-parametric method, known as multivariate Nearest Neighbor method … for dependent time series, providing confidence intervals for point forecast in time series. …
Persistent link: https://www.econbiz.de/10010603674