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Exploring the international linkages of the euro area : a global VAR analysis ; presented at CESifo Area Conference on Macro, Money and International Finance, February 2005

Dées, Stéphane; Di Mauro, Filippo; Pesaran, M. Hashem - 2005

This paper presents a global model linking individual country vector error-correcting models in which the domestic variables are related to the country-specific variables as an approximate solution to a global common factor model. This global VAR is estimated for 26 countries, the euro area...

Persistent link: https://www.econbiz.de/10002754808

A pair-wise approach to testing for output and growth convergence

Pesaran, M. Hashem - 2004

to output series in the Penn World Tables over 1950-2000, as well as to Maddion's historical series over 1870 …

Persistent link: https://www.econbiz.de/10002521477

China's emergence in the world economy and business cycles in Latin America

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2012

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10009627525

The role of time-varying price elasticities in accounting for volatility changes in the crude oil Market

Baumeister, Christiane; Peersman, Gert - 2011

There has been a systematic increase in the volatility of the real price of crude oil since 1986, followed by a decline in the volatility of oil production since the early 1990s. We explore reasons for this evolution. We show that a likely explanation of this empirical fact is that both the...

Persistent link: https://www.econbiz.de/10009382056

Do oil price increases cause higher food prices?

Baumeister, Christiane; Kilian, Lutz - 2013

U.S. retail food price increases in recent years may seem large in nominal terms, but after adjusting for inflation have been quite modest even after the change in U.S. biofuel policies in 2006. In contrast, increases in the real prices of corn, soybeans, wheat and rice received by U.S. farmers...

Persistent link: https://www.econbiz.de/10010225465

IMF Credit : how important are political factors? ; a robustness analysis

Sturm, Jan-Egbert; Berger, Helge; Haan, Jakob de - 2002

We test weather, in addition to economic conditions, IMF credit is influenced by political factors. On the basis of a panel model for 128 countries over the period 1972-1998, we find that dept service scaled to exports, international reserve holdings scaled to imports and economic growth, as...

Persistent link: https://www.econbiz.de/10001664920

Cross-border mergers and acquisitions : on revealed comparative advantage and merger waves

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2005

By combining two large data sets (on international trade flows and on mergers and acquisitions M&As), we are able to test two implications of Neary's (2003, 2004a) recent theoretical work. Analyzing M&As in a General Oligopolistic Equilibrium (GOLE) model incorporating strategic interaction...

Persistent link: https://www.econbiz.de/10003277098

Cross-border mergers & acquisitions : the facts as a guide for international economics

Brakman, Steven; Garretsen, Harry; Marrewijk, Charles van - 2006

Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory …

Persistent link: https://www.econbiz.de/10003398717

Capital controls and exchange rate regimes : an empirical investigation

Berger, Helge - 2001

It is often argued that deregulation of international transactions and its effects on the "globalization" of financial markets is behind the decline in the attractiveness of fixed exchange rate regimes. We argue that, instead, much of the recently observed decrease in the level of capital...

Persistent link: https://www.econbiz.de/10014460969

A"Delphi Exercise"As a Tool in Amazon Rainforest Valuation

Strand, Jon - 2017

The Amazon rainforest, the world's largest and most biodiverse, represents a global public good of which 15 percent has …

Persistent link: https://www.econbiz.de/10012972345