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that industrial upgrading in export specialization patterns has a positive long-rungrowth effect, while the effect of … estimation pointtowards a positive long-run growth effect arising from trade specialization in medium …-high-skill-intensive industries. Further, important distinctions between the skill intensity of export and importpatterns and their respective …
Persistent link: https://www.econbiz.de/10011335211
pooled timeseries estimation on a forward-looking monetary model, resulting inparameter estimates which are in compliance … residuals of our pooled estimated modelare stationary. This indicates that on a pooled time series levelthere is cointegration …
Persistent link: https://www.econbiz.de/10011299983
We propose in this paper a likelihood-based framework forcointegration analysis in panels of a fixed number of vector errorcorrection models. Maximum likelihood estimators of thecointegrating vectors are constructed using iterated GeneralizedMethod of Moments estimators. Using these estimators...
Persistent link: https://www.econbiz.de/10011302148
-term resilience. We investigate the effects of such liquidity regulation on bank liquid assets and liabilities. Results indicate co-integration …
Persistent link: https://www.econbiz.de/10010240057
Persistent link: https://www.econbiz.de/10002081891
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 …
Persistent link: https://www.econbiz.de/10011479769
Persistent link: https://www.econbiz.de/10003851203
To serve foreign markets, firms can either export or set up a local subsidiary through horizontal Foreign Direct … Investment (FDI). The conventional proximity-concentration theory suggests that FDI substitutes for trade if distance between …
Persistent link: https://www.econbiz.de/10011378320
Can a wealth shift to emerging countries explain instability in developed countries? Investors exposed to political risk seek safety in countries with better property right protection. This induces private intermediaries to offer safety via inexpensive demandable debt, and increase lending into...
Persistent link: https://www.econbiz.de/10010494788
Persistent link: https://www.econbiz.de/10000151686