Showing 1 - 10 of 141
1980 to 2004, calculated and published by the Groningen Growth and Development Centre, are used in the empirical analysis …
Persistent link: https://www.econbiz.de/10010264965
This paper tackles the issue of cross-section dependence for the monetary exchange rate model in the presence of unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we distinguish between common factors and idiosyncratic...
Persistent link: https://www.econbiz.de/10010280799
, like GDP growth, inflation, and interest rates. Different expectations of fundamentals might lead to different views of …
Persistent link: https://www.econbiz.de/10010260984
This paper analyses the long-memory properties of a high-frequency financial time series dataset. It focuses on temporal aggregation and other features of the data, and how they might affect the degree of dependence of the series. Fractional integration or I(d) models are estimated with a...
Persistent link: https://www.econbiz.de/10010293969
This paper examines the significance of different fundamental regimes by applying various monetary models of the exchange rate to one of the politically most important exchange rates, the exchange rate of the US dollar vis-à-vis the euro (the DM). We use monthly data from 1975:01 to 2007:12....
Persistent link: https://www.econbiz.de/10010271135
In this paper we used the procedures developed in the Kumar and Russell (2002) growth-accounting study to examine cross …-country growth during the 1990's. Using a data set comprising developed, newly industrialized, developing and transitional economies …, we decomposed the growth of output per worker into components attributable to technological catch-up, technological …
Persistent link: https://www.econbiz.de/10010264980
The international transmission of knowledge through import spillovers, as a source of TFP growth, has received much …
Persistent link: https://www.econbiz.de/10010292676
Persistent link: https://www.econbiz.de/10010335729
The neoclassical growth model predicts convergence of productivity or per capita output levels across regions. If … seeking. Due to its impact on the allocation of resources, rent-seeking is likely an impediment to overall growth. The results …
Persistent link: https://www.econbiz.de/10010264981
The ratio of Indian to US per capita output over the past 45 years has displayed a distinctive V-shaped pattern. We show that a strikingly similar V-shaped pattern is visible not just in aggregate output .figures, but also as the primary determinant of long-term movements in the cross-sectional...
Persistent link: https://www.econbiz.de/10010265006