covering the period 1982-1997. The types of pollution included in the studyare wastewater, waste gas and solid waste. We … consider the development of the sources ofpollution in a pooled cross-section analysis considering the pollution in absolute … emissions tends to decelerate, but accelerates again at high levels of GDP per capita.Water pollution decreases with per capita …

residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …

Stylized facts show that the average growth rates of US per capitaconsumption and income differ in recession and … expansion periods.Since a linear combination of such series does not have to be a constant meanprocess, standard cointegration … analysis between the variables, toexamine the permanent income hypothesis, may not be valid. To model thechanging growth rates …

.F.R. Science Economique, University de Franche-Comté]. In the non-stationary cointegration case, the limiting distribution of the …

with general cointegration rank. Our hedge is optimal in the sense of minimum variance portfolio. We consider a model that … correlation and cointegration parameters. For short holding periods the correlation impact is predominant. For long horizons, the … hedge ratio should overweight the cointegration parameters rather then short-run correlation information. In the innite …

cointegration model, of pairs of stock prices. We show the effect that using an encompassing prior under an orthogonal normalization …

This paper features an analysis of the cointegration relationships among agricultural commodity, ethanol and Cushing … cointegration and Markov-switching VECM and Impulse Response Analysis, confirms that these markets have significant linkages which …

, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important-but specific-function in the economy. They engender relatively much employment creation, productivity growth … studies show that entrepreneurial firms produce important spillovers that affect regional employment growth rates of all …