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Boundedness and nonlinearities in public debt dynamics: A TAR assessment

Gnegne, Yacouba; Jawadi, Fredj - In: Economic Modelling 34 (2013) C, pp. 154-160

countries: the USA and the UK. To do this, we apply nonlinearity tests and threshold models. While the first tests enable us to … improve the modeling and forecasting of public debt evolution. It is important to note that public debts vary significantly …

Persistent link: https://www.econbiz.de/10010709349

Asymmetric effects in the Polish monetary policy rule

Sznajderska, Anna - In: Economic Modelling 36 (2014) C, pp. 547-556

In this paper we investigate whether the reaction function of the National Bank of Poland (NBP) is asymmetric according to the level of inflation gap and the level of output gap. Moreover, we test whether these asymmetries might possibly stem from nonlinearities in the Phillips curve. Threshold...

Persistent link: https://www.econbiz.de/10010729807

Optima exchange crisis regression and twin crisis: Evidences for some MENA countries

Aidi, Wafa - In: Economic Modelling 33 (2013) C, pp. 306-311

In the wake of the recent currency turmoil, the determinants of financial crises have come to the forefront of academic and policy debates. Applied to the MENA region, the objective of this article is to estimate the likely impact of the dynamics of liberalization on the financial stability. The...

Persistent link: https://www.econbiz.de/10011048769

Smooth transition, non-linearity and current account sustainability: Evidence from the European countries

Chen, Shyh-Wei - In: Economic Modelling 38 (2014) C, pp. 541-554

In this paper we examine three types of nonlinearities, i.e., nonlinearity stemming from structural breaks, sign … nonlinearity and size nonlinearity, for ten European countries and their importance to current account sustainability. For this … purpose, we apply a battery of linear and nonlinear unit root tests. Our results show that the structural break nonlinearity …

Persistent link: https://www.econbiz.de/10010753338

Re-examining the Turkish stock market efficiency: Evidence from nonlinear unit root tests

Gozbasi, Onur; Kucukkaplan, Ilhan; Nazlioglu, Saban - In: Economic Modelling 38 (2014) C, pp. 381-384

This paper re-examines the efficient market hypothesis (EMH) in the Turkish stock market by utilizing the recent developments in nonlinear unit root tests. To this end, we first employ the linearity test developed by Harvey et al. (2008) and then carry out the nonlinear ESTAR unit root test...

Persistent link: https://www.econbiz.de/10010753363

Is there an environmental Kuznets curve for water use? A panel smooth transition regression approach

Duarte, Rosa; Pinilla, Vicente; Serrano, Ana - In: Economic Modelling 31 (2013) C, pp. 518-527

This paper presents an analysis of the relationship between per capita water use and per capita income for 65 countries, over the period 1962–2008, within the framework of the so-called environmental Kuznets curve (EKC). Consistent with the existing literature, a polynomial fixed effects model...

Persistent link: https://www.econbiz.de/10010636283

Capital flows and current account dynamics in Turkey: A nonlinear time series analysis

Cecen, Aydin; Xiao, Linlan - In: Economic Modelling 39 (2014) C, pp. 240-246

. Several well-known tests are applied to identify nonlinearity in the current account time series. The analysis reveals that …

Persistent link: https://www.econbiz.de/10010781972

Energy prices and exchange rates of the U.S. dollar: Further evidence from linear and nonlinear causality analysis

Wang, Yudong; Wu, Chongfeng - In: Economic Modelling 29 (2012) 6, pp. 2289-2297

The causality relationships between energy prices and exchange rates have been investigated in many existing studies. Previous investigations ignore the possible nonlinear behaviors which may be caused by asymmetry, persistence or structural breaks. To fill this gap, we apply both linear and...

Persistent link: https://www.econbiz.de/10010588232

Exchange rate nonlinearities in EMU exports to the US

Verheyen, Florian - In: Economic Modelling 32 (2013) C, pp. 66-76

demand functions have been studied for at least seventy years of time, the issue of nonlinearity in export demand equations …

Persistent link: https://www.econbiz.de/10010664422

On the application of the rank tests for nonlinear cointegration to PPP: The case of Papua New Guinea

Liew, Venus Khim-Sen; Ling, Tai-Hu; Chia, Ricky Chee-Jiun; … - In: Economic Modelling 29 (2012) 2, pp. 326-332

Much interest has been paid recently to the nonlinear cointegrating relations existing among economic variables. Various testing procedures are already available to test for the existence of nonlinear cointegration. For example, Breitung (2001) proposes rank tests and his testing procedure has...

Persistent link: https://www.econbiz.de/10010573311