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of China and India for the period of 1971-2011. The structural break unit root test and cointegrating approach have been … inverted U-shaped curve between industrial production and CO2 emissions for India but for China it is U-shaped relationship … Granger cause CO2 emission in India. In case of China, the feedback effect exists between coal consumption and CO2 emissions. …
Persistent link: https://www.econbiz.de/10011108762
This text comprises chapter 13 of Marx and non-equilibrium Economics[1]. It provides a general mathematical specification of a non-equilibrium interpretation of Marx’s theory of value. It refutes the Okishio theorem and solves the transformation problem. It is a foundation work of scholarship...
Persistent link: https://www.econbiz.de/10005787091
This paper analyzes the impact of international oil prices on Thailand’s industrial production using Johansen cointegration test. The results show that U.S. dollar real exchange rate does not affect the economy’s industrial production index, while oil prices, and real money supply...
Persistent link: https://www.econbiz.de/10011259370
The purpose of this paper is to explain both the need and the procedures of unit-root testing to a wider audience. The topic of stationarity testing in general and unit root testing in particular is one that covers a vast amount of research. We have been discussing the problem in four different...
Persistent link: https://www.econbiz.de/10008871190
This paper investigates the interactions among the Romanian industrial production, exports and imports after the adhesion to European Union. We employ monthly values testing for the Granger Causality between the variables in a Vector Autoregression framework. Our results indicate significant...
Persistent link: https://www.econbiz.de/10011191503
mid-2012 and uses a different natural gas price. Concerns about the joint determination of the real natural gas price and … real natural gas price since 2000. In terms of approximate point estimates, our results indicate that increases in natural …
Persistent link: https://www.econbiz.de/10011107827
Since the mid-2000s, Japan's industrial production (IP) has been characterized by increasing volatility. To examine the background to this, we apply the structural factor analysis developed by Foerster, Sarte, and Watson (2011) and decompose variations in Japan's IP into aggregate and sectoral...
Persistent link: https://www.econbiz.de/10011108481
stock price and the real industrial production index. The estimation of correlation coefficient would involve the panel data … relationship between real industrial production and real stock price. Again, although both PMG and MG are consistent, Hausman test …
Persistent link: https://www.econbiz.de/10011110876
The aim of this paper is to identify the role industrial sector plays in driving the GDP of Nigeria. The paper further seeks to predict the long-run behavioral relationship between industrial production, non-oil exports and economic growth in Nigeria using data from 1970 – 2007. Vector Error...
Persistent link: https://www.econbiz.de/10011111465
different time scales? How dynamic is the extent of co-movement of equity price with the major macroeconomic indicators of …: exchange rate, consumer’s price index (CPI) and industrial production (IP) of Malaysia. The methodology applied initially used …
Persistent link: https://www.econbiz.de/10011112605