Showing 1 - 10 of 79
The empirical literature on economic growth and development has moved from the study of proximate determinants to the analysis of ever deeper, more fundamental factors, rooted in long-term history. A growing body of new empirical work focuses on the measurement and estimation of the effects of...
Persistent link: https://www.econbiz.de/10010283630
This study examines the long-memory properties of German energy price indices (specifically, import and export prices, as well as producer and consumer prices) for hard coal, lignite, mineral oil and natural gas adopting a fractional integration modelling framework. The analysis is undertaken...
Persistent link: https://www.econbiz.de/10010288234
This paper examines the degree of persistence of youth unemployment (total, male and female) in twenty-four countries …-memory processes respectively. The evidence suggests that persistence is particularly high in Japan and some EU countries such as Spain …
Persistent link: https://www.econbiz.de/10010288467
rate, namely its persistence and cyclical behaviour. It examines annual, monthly, bi-weekly and weekly data, from 1954 …
Persistent link: https://www.econbiz.de/10010291553
This paper analyses the persistence and mean reversion properties of sovereign debt and its components by applying … persistence in all debt/GDP series, which appear to be I(1). However, cross-country differences emerge when analysing the … low persistence and mean reversion (0<d<0.5). We also assess debt sustainability by analysing the stochastic properties of …
Persistent link: https://www.econbiz.de/10015166061
-stationary series. This more general setup provides valuable information on the degree of persistence and mean-reverting properties of … their degree of persistence and cyclical behaviour. The results indicate that economic activity in the US is highly …
Persistent link: https://www.econbiz.de/10015175267
on trends and persistence in the series under investigation. The results indicate that the effects of shocks to …
Persistent link: https://www.econbiz.de/10015175301
This paper provides a comprehensive analysis of persistence in real house prices at the quarterly frequency in 47 … in order to allow for smoother changes. The results generally indicate a high degree of persistence, some slight evidence …
Persistent link: https://www.econbiz.de/10015339459
Can historical institutions affect today's firm innovation? We analyze a historical experiment in 1902, when the foreign-run Chinese Maritime Customs Service (CMC), known for its efficient and transparent governance, took over some of the notoriously corrupt Chinese Native Custom stations and...
Persistent link: https://www.econbiz.de/10014534372
This paper uses fractional integration methods to obtain new evidence on polar amplification. The adopted modelling framework is very general since it allows the differencing parameter to take any real value, including fractional ones, and provides useful information on both the short and the...
Persistent link: https://www.econbiz.de/10014534374