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Time stability of the beta convergence among EU countries: Bayesian model averaging perspective
Próchniak, Mariusz; Witkowski, Bartosz - In: Economic Modelling 30 (2013) C, pp. 322-333
economic growth factors. In order to address the problem of variables' selection, Bayesian model averaging (BMA) is used while … huge as one could expect. (3) The considered economic growth determinants exhibited very mixed and differentiated impact on … economic growth in various subperiods. …
Persistent link: https://www.econbiz.de/10011048966
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Asymmetries in the revenue–expenditure nexus: A tale of three countries
Paleologou, Suzanna-Maria - In: Economic Modelling 30 (2013) C, pp. 52-60
The objective of this paper is to examine the government revenue and expenditure relationship in the context of what is known as the soft and hard budget constraint strategy. We adopt a nonlinear framework with structural breaks and focus our empirical analysis in three countries. Two of them...
Persistent link: https://www.econbiz.de/10011048849
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The behavior of Turkish exchange rates: A panel data perspective
Adiguzel, Ugur; Sahbaz, Ahmet; Ozcan, Ceyhun Can; … - In: Economic Modelling 42 (2014) C, pp. 177-185
January 2002–May 2012. The unit root test which accounts for nonlinearity, smooth structural shifts, and cross …
Persistent link: https://www.econbiz.de/10010931054
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Purchasing power parity for 15 Latin American countries: Panel SURKSS test with a Fourier function
He, Huizhen; Chou, Ming Che; Chang, Tsangyao - In: Economic Modelling 36 (2014) C, pp. 37-43
This study applies Panel SURKSS test with a Fourier function to investigate the properties of long-run purchasing power parity (PPP) in fifteen Latin American countries over the period of December 1994 to February 2010. The empirical results from the univariate unit root and panel-based unit...
Persistent link: https://www.econbiz.de/10010729852
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Anchor currency and real exchange rate dynamics in the CFA Franc zone
Couharde, Cécile; Coulibaly, Issiaka; Damette, Olivier - In: Economic Modelling 33 (2013) C, pp. 722-732
Currency misalignments have been one of the focal points of interest in the literature devoted to the CFA Franc zone. Less attention has been paid, however, to the convergence process of real exchange rates towards equilibrium. In this paper, we analyze the short-run dynamics of real exchange...
Persistent link: https://www.econbiz.de/10010738015
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The precise form of uncovered interest parity: A heterogeneous panel application in ASEAN-5 countries
Tang, Kin-Boon - In: Economic Modelling 28 (2011) 1, pp. 568-573
A notable feature of the empirical studies on uncovered interest parity (UIP) is that almost all published papers rely on the approximate form of UIP using substantially the same database of developed economies. It can, therefore, not be ruled out that the refusal of UIP condition is simply the...
Persistent link: https://www.econbiz.de/10010573261
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Stock markets in GCC countries and global factors: A further investigation
Jouini, Jamel - In: Economic Modelling 31 (2013) C, pp. 80-86
This paper investigates the long-run links between stock markets of the Gulf Cooperation Countries (GCC) and three global factors, including oil price, MSCI (Morgan Stanley Capital International) world index and US interest rate. Unlike previous empirical works, we employ econometric techniques...
Persistent link: https://www.econbiz.de/10010636310
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The relationship between growth and poverty in forecasting framework: Pakistan's future in the year 2035
Zaman, Khalid; Khilji, Bashir Ahmad - In: Economic Modelling 30 (2013) C, pp. 468-491
Forecasting poverty in the future is mostly a matter of forecasting economic growth. The objective of the study is to … examine the inter-temporal link between growth and poverty in Pakistan, over the next 25years period i.e., from the years 2011 … test the temporal causality among poverty measures (i.e., head count ratio, poverty gap and squared poverty gap), growth …
Persistent link: https://www.econbiz.de/10010608240
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The relationship between growth–inequality–poverty triangle and pro-poor growth policies in Pakistan: The twin disappointments
Zaman, Khalid; Khilji, Bashir Ahmad - In: Economic Modelling 30 (2013) C, pp. 375-393
The objective of the study is to examine the relationship between growth, inequality and poverty in the context of … rural, urban and national levels. Further, this study evaluates pro-poor growth policies in Pakistan during the period of … 1964–2011. The regression model encompassing the impact of economic growth and inequality on poverty reflects that a 1 …
Persistent link: https://www.econbiz.de/10010608259
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Imports and growth in China
Herrerias, M.J.; Orts, Vicente - In: Economic Modelling 28 (2011) 6, pp. 2811-2819
facilitated industrialization and rapid growth in China. However, as we know that there could be other factors influencing … of their causality. In addition, we investigate the role played by the exchange rate on growth and discuss some policy …
Persistent link: https://www.econbiz.de/10010573381