Showing 1 - 10 of 142
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 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
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
, 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 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
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
Using panel data on European regions and applying Analysis of Covariance, our study provides an empirical assessment of the relative importance of national, regional and spatial factors for explaining variations of productivity. Our analysis shows that initial economic conditions or...
Persistent link: https://www.econbiz.de/10010260705
paper presents an empirical analysis of the relationship between per capita economic growth and its production function … high income countries, in particular Western European countries, a hump-shaped relation between per capita economic growth … middle income, the association between fiscal decentralization and economic growth and its determinants (capital formation …
Persistent link: https://www.econbiz.de/10010260750
This study examines the export-led growth hypothesis using annual time series data from Chile in a production function … of manufactured and mining exports on productivity growth. In order to investigate if and how manufactured and mining … exports affect economic growth via increases in productivity, the study uses Johansen cointegration technique. The estimation …
Persistent link: https://www.econbiz.de/10010260856
area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of … inflation using unit labour cost (ULC) growth and applying PANIC (Bai and Ng, 2004) and cluster procedures (Hobijn and Franses … are much less important in explaining the variance of ULC growth. We report evidence for convergence clusters in all …
Persistent link: https://www.econbiz.de/10010260899