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Trade Balances and the Terms of Trade in G-7 Countries: Penal Cointegration Approach

HAMORI, Shigeyuki - In: Applied Econometrics and International Development 8 (2008) 2, pp. 13-22

This paper empirically analyzes the long-run equilibrium between trade balances and the terms of trade using the nonstationary panel data analysis. Empirical results indicate that trade balances and the terms of trade do not have cointegrating relation for G-7 countries. This implies that the...

Persistent link: https://www.econbiz.de/10005607509

ECONOMIC INTEGRATION IN NORTH AMERICA

PONCE, Ramon A. CASTILLO; ACOSTA, Ramon de Jesus RAMIREZ - In: Applied Econometrics and International Development 8 (2008) 2, pp. 111-122

Formal analysis of economic synchronization in North America is scarce. In this document we conduct an econometric exercise to determine the existence of common movements at short-run and long-run horizons among the gross domestic products of Canada, Mexico and the United States. Cointegration...

Persistent link: https://www.econbiz.de/10005063013

CAUSALITIES AMONG GROWTH RELATED POLICY VARIABLES IN TURKEY, 1950-2004

Akal, Mustafa - In: Applied Econometrics and International Development 6 (2006) 3

This study aims to show the direction of causalities between imported production goods (investment and intermediate) and foreign exchange rate, export, and gross national product, between export and gross national product (GNP) during import substitution and export oriented industrialization...

Persistent link: https://www.econbiz.de/10005607518

MACRO-ECONOMETRIC MODELS OF SUPPLY AND DEMAND: INDUSTRY, TRADE AND WAGES IN 6 COUNTRIES, 1960-2012

Guisan, M.C. - In: Applied Econometrics and International Development 13 (2013) 2, pp. 45-56

We analyse the impact of industry on non industrial production, as well as its effect on wages and employment in 6 OECD countries: France, Germany, Italy, Spain, the United Kingdom and the United States for the period 1960-2012. Our approach to macro-econometric modelling have into account both...

Persistent link: https://www.econbiz.de/10010748308

THE IMPORTANCE OF MACROECONOMIC CONDITIONS ON REMITTANCES IN THE LONG-RUN AND IN THE SHORT-RUN: THE CASE OF MEXICO

CASTILLO-PONCE, Ramon A.; RODRIGUEZ-ESPINOSA, Maria de … - In: Applied Econometrics and International Development 11 (2011) 1

In this document we evaluate how macroeconomic conditions influence the amount of remittances sent to Mexico from the United States in the long-run and in the short-run. Specifically, we perform cointegration tests to determine the existence and magnitude of common trends between remittances and...

Persistent link: https://www.econbiz.de/10009142598

Are the Trade Deficits of Less Developed Countries Stationary?. Evidence for African Countries

Holmes, Mark J - In: Applied Econometrics and International Development 3 (2003) 3

This study tests for the stationarity of current account deficits for a sample of twenty six African countries. For this purpose, a new test advocated by Breuer, McNown and Wallace (2002) is employed which allows one to test for unit roots in heterogeneous panel datasets. This SURADF test...

Persistent link: https://www.econbiz.de/10004965278

Nominal Exchange Rates Adjustment and Long-Run Competitiveness in Less Developed Countries

Holmes, M - In: Applied Econometrics and International Development 4 (2004) 3

This empirical paper explores the important policy issue of whether or not LDCs can achieve a long-run real exchange … Pedroni. Using a panel of nineteen LDCs over the period 1973-2001, this study employs fully modified OLS and dynamic OLS to …, there is considerable variation across the sample of LDCs where the evidence indicates that the effectiveness of a nominal …

Persistent link: https://www.econbiz.de/10004965337

Output Responses to Shocks to Interest Rates, Inflation, and Stock Returns: Evidence from Jordan

Al-Sharkas, A.A. - In: Applied Econometrics and International Development 4 (2004) 3

This paper studies the dynamic relationship between the Jordanian output and other macroeconomics variables such as inflation, interest rate and stock returns. It employs the Vector Auto Regressive (VAR) approach method of Lee (1992) to analyze the relationship and dynamic interaction among...

Persistent link: https://www.econbiz.de/10004965338

Responses of Argentine Output to Shocks to Monetary Policy, Fiscal Policy and Exchange Rates: A VAR Model

Hsing, Y. - In: Applied Econometrics and International Development 4 (2004) 1

Applying the VAR model and based on the equilibrium condition for aggregate demand and aggregate supply, the author finds that real GDP in Argentina responds negatively to a shock to the real interest rate, the external debt ratio, or the real exchange rate and positively to a shock to real...

Persistent link: https://www.econbiz.de/10004965349

DETERMINANTS OF CURRENT ACCOUNT: The Relation between Internal and External Balances in Turkey

UZ, Idil - In: Applied Econometrics and International Development 10 (2010) 2

This paper considers the major determinants of the current account in Turkey. It examines the long-run and short-run impact of the exchange rate and private and public savings on the current account balance. The bounds testing autoregressive distributed lag (ARDL) approach to cointegration is...

Persistent link: https://www.econbiz.de/10008642419