Showing 1 - 10 of 49
How big a boost to long run growth can countries expect from the ICT revolution? I use the results of growth accounting and the insights from a two-sector growth model to answer this question. A two-sector rather than a one-sector model is required because of the very rapid rate at which the...
Persistent link: https://www.econbiz.de/10010597532
Product (GDP) for the major developed countries. Considering the limitation of a linear Granger causality test in detecting … test show that this new variable contains useful information to forecast GDP for the US, the UK, and Australia, suggesting … that we may include it as a forecasting variable in GDP forecasting models, especially nonlinear models, for these three …
Persistent link: https://www.econbiz.de/10010753373
In this study, the autoregressive distributed lag (ARDL) and the error correction model (ECM) techniques were applied to empirically examine the relationship between economic growth and outflows of workers' remittances in Saudi Arabia from 1970 to 2010. The results show that there is a negative...
Persistent link: https://www.econbiz.de/10010738034
indicates unidirectional causality running from energy consumption to GDP for the United Kingdom, while a bidirectional … causality between energy consumption and GDP is found for Canada, France, Japan and United States. On the other hand, Kyrtsou …–Labys test shows that a unidirectional causality runs from energy consumption to GDP for France and the United States, and from …
Persistent link: https://www.econbiz.de/10010719364
money supply, and to a lesser extent, exchange rates and GDP. …
Persistent link: https://www.econbiz.de/10011048709
check the adjustment process of health care expenditure to changes in per capita Gross Domestic Product (GDP) and its …
Persistent link: https://www.econbiz.de/10011048874
Governments and central banks need to have an accurate and timely assessment of indicators for the current month, as this is essential for providing a reliable and early analysis of the current economic situation. The index of industrial production (IIP) is probably the most important and widely...
Persistent link: https://www.econbiz.de/10010588231
Researchers have suggested that the relationship between the emission of carbon dioxide per capita and the real gross domestic product per capita follows an inverted-U-shaped (so-called environmental Kuznets) curve. Studies have generally used polynomial regression (quadratic or cubic form) to...
Persistent link: https://www.econbiz.de/10010573331
This article explores the link between the subprime crisis and the European sovereign debt crisis. Using a panel data approach, we estimate the impact of the different government interventions aimed at rescuing financial institutions on the significant increase of the costs of public debts as...
Persistent link: https://www.econbiz.de/10011048803
This paper studies the nonlinear adjustment between industrial production and carbon prices – coined as ‘the carbon-macroeconomy relationship’ – in the EU 27. We model carbon price returns and industrial production as nonlinear and state-dependent, with dynamics depending on the sign and...
Persistent link: https://www.econbiz.de/10010577077