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and economic growth. We make use of a Johansen-based panel cointegration methodology allowing for cross-country dependence … the direction of potential causality between financial and economic development. Our results conclude to the existence of … a single cointegrating vector between financial development and growth and of causality going from financial development …
Persistent link: https://www.econbiz.de/10010223077
little evidence for them. We argue that this outcome could be due to episodic failure of cointegration, possible two …-way causality between the variables in the ratios, and cross-country error dependence due to latent factors. We propose a new system … pooled mean group estimator (SPMG) to deal with these features. Using this new panel estimator and a dataset spanning almost …
Persistent link: https://www.econbiz.de/10013041372
by applying "gsecond generation" panel cointegration techniques. A unique identification strategy for the selection of … sub-panels improves the robustness of panel cointegration tests and reveals that Laender finances are hardly sustainable. …
Persistent link: https://www.econbiz.de/10010388585
specified and fail to consider the influence of cross-sectional dependence, non-stationarity and cointegration. Using a panel …We examine the effect of population size on government size for a panel of 130 countries for the period between 1970 …
Persistent link: https://www.econbiz.de/10011990048
within a panel cointegration framework. Besides the total net issues, we distinguish between large, medium and small euro … purposes, we also present panel results for eight non-euro area countries (Australia, Canada, Japan, Norway, Sweden …
Persistent link: https://www.econbiz.de/10011872942
price of gold coin is an important factor in cost-benefit analysis for individuals in their marriage and divorce decisions …The increasing divorce rate has become a major social concern for policy makers in the Islamic government of Iran. The … signing the marriage contract. Increasing the price of gold coin may intensify the internal stress and struggles within …
Persistent link: https://www.econbiz.de/10011793884
We study the socio-economic determinants of child (girls below age of 19 years) marriage using a panel data of thirty … Iranian provinces from 2007 to 2015. Our panel fixed effects and generalized method of moments (GMM) estimations show that the … significant determinants of child marriage. Our results which control for province fixed effects (e.g. local cultural norms or …
Persistent link: https://www.econbiz.de/10012158077
We present an equilibrium model of inter-linked frictional labour and marriage markets. In the marital market, men and … the labour market unemployed men carry out a constrained sequential search for jobs. We establish that when divorce … (initiated by women) is an option, in an equilibrium with male marriage premium married men have a higher reservation wage than …
Persistent link: https://www.econbiz.de/10014541634
marriage as well as for a precautionary savings motive. …
Persistent link: https://www.econbiz.de/10011409730
Persistent link: https://www.econbiz.de/10003624020