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US inflation and consumption: A long-term perspective with a level shift

Paradiso, Antonio; Casadio, Paolo; Rao, B. Bhaskara - In: Economic Modelling 29 (2012) 5, pp. 1837-1849

This article examines the existence and stability of the consumption function in the United States of America (US) beginning in the 1950s. In order to obtain a stable long run relationship, we have introduced two innovative elements into the analysis of the life-cycle of the consumption function...

Persistent link: https://www.econbiz.de/10010597501

A new energy model to capture the behavior of energy price processes

Xu, Weijun; Sun, Qi; Xiao, Weilin - In: Economic Modelling 29 (2012) 5, pp. 1585-1591

Owing to the vague fluctuation of energy prices from time to time, a new energy model, which considers both the mean-reverting behavior and the long memory property, is proposed in this paper. Since the problem of estimating parameters, in discrete time for this model, plays a central role in...

Persistent link: https://www.econbiz.de/10010597504

Is the relationship between monetary policy and house prices asymmetric across bull and bear markets in South Africa? Evidence from a Markov-switching vector autoregressive model

Simo-Kengne, Beatrice D.; Balcilar, Mehmet; Gupta, Rangan; … - In: Economic Modelling 32 (2013) C, pp. 161-171

This paper examines asymmetries in the impact of monetary policy on the middle segment of the South African housing market from 1966:M2 to 2011:M12. We use Markov-switching vector autoregressive (MS-VAR) model in which parameters change according to the phase of the housing cycle. The results...

Persistent link: https://www.econbiz.de/10010664390

An empirical estimation for mean-reverting coal prices with long memory

Sun, Qi; Xu, Weijun; Xiao, Weilin - In: Economic Modelling 33 (2013) C, pp. 174-181

In this paper we discuss the calibration issues of power models built on mean-reverting processes combined with long memory. The unknown parameters of fractional mean-reversion processes are estimated by a hybrid estimation method, which is built upon the marriage of the quadratic variation and...

Persistent link: https://www.econbiz.de/10011048787

Dynamic Modeling Under Linear-Exponential Loss

Anatolyev, Stanislav - 2008

We develop a methodology of parametric modeling of time series dynamics when the underlying loss function is linear-exponential (Linex). We propose to directly model the dynamics of the conditional expectation that determines the optimal predictor. The procedure hinges on the exponential quasi...

Persistent link: https://www.econbiz.de/10014054441

Modeling crime in Japan

Halicioglu, Ferda; Andrés, Antonio R.; Yamamura, Eiji - In: Economic Modelling 29 (2012) 5, pp. 1640-1645

This study aims at identifying the factors of aggregate and disaggregate crime categories in Japan over the period 1964–2009. All crime categories are related to police outlays, police numbers, unemployment, divorce and urbanization rates. Bounds testing approach to cointegration is...

Persistent link: https://www.econbiz.de/10010597510

Testing the hypothesis of the natural suicide rates: Further evidence from OECD data

Andrés, Antonio Rodríguez; Halicioglu, Ferda - In: Economic Modelling 28 (2011) 1, pp. 22-26

This paper provides further evidence on the hypothesis of the natural rate of suicide using the time series data for 15 OECD countries over the period 1970–2004. This hypothesis suggests that the suicide rate of a society could never be zero even if both the economic and the social conditions...

Persistent link: https://www.econbiz.de/10011048851

Environmental Resilience and Economic Growth : Command Economy's Optimization and Environmental Kuznets Curve

Wang, Yi-Chia - 2013

This paper constructs a two-sector environmental growth model with explicit mathematical derivation and economic intuition in a social planning economy. Through the optimal allocation of man-made capital between the production sector and the environmental sector, this paper shows that the...

Persistent link: https://www.econbiz.de/10013090193

Environment and labor movement of skilled labor and unskilled labor between sectors

Li, Xiaochun; Xu, Yuanting; Wang, Dianshuang - In: Economic Modelling 38 (2014) C, pp. 367-371

labor movement between sectors has on the environment under the international skilled and unskilled labor flows and the … deteriorates the environment while its outflow improves the environment; unskilled labor inflow improves the environment while its … outflow deteriorates the environment; the increasing price of the agricultural products improves the environment while the …

Persistent link: https://www.econbiz.de/10010753341

Does financial instability increase environmental degradation? Fresh evidence from Pakistan

Shahbaz, Muhammad - In: Economic Modelling 33 (2013) C, pp. 537-544

The present study explores the relationship between financial instability and environmental degradation within the multivariate framework using time series data over the period of 1971–2009 in case of Pakistan. The long run relationship is investigated by the ARDL bounds testing approach to...

Persistent link: https://www.econbiz.de/10011048908

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