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Macroeconomics of the New and the Used Car Markets
Prado, Sylvain M. - In: Economics Bulletin 30 (2010) 3, pp. 1862-1884
The new cars of today are used cars of tomorrow and some people assume a competition between new and used markets. There are numerous, preconceived ideas and academic theories regarding the interactions between primary and secondary markets. To investigate the relations, we provide a...
Persistent link: https://www.econbiz.de/10008596628
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Fiscal Policy under the Debt Feedback Rule: The Case of Japan
Ko, Jun-hyung; Morita, Hiroshi - In: Economics Bulletin 31 (2011) 3, pp. 2373-2387
, previous empirical works dealing with vector auto-regression (VAR) have not considered the effect of debt on fiscal policy and … the macro economy. In this paper, we incorporate debt dynamics in a VAR model in the spirit of Favero and Giavazzi (2007 …, 2011). The inclusion of the debt feedback rule in VAR can help overcome the misspecification problem and provide direction …
Persistent link: https://www.econbiz.de/10009275595
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Fiscal Policy and US-Canadian Trade
Sgro, Pasquale M; Lagana, Gianluca - In: Economics Bulletin 31 (2011) 2, pp. 1856-1868
A factor-augmented vector autoregressive (FAVAR) model is applied to determine the effects of a rise in US government expenditure on the United States and Canadian economies. The results obtained reasonably characterize the effect of a rise in US government spending to the United States and...
Persistent link: https://www.econbiz.de/10009144887
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Gender based within-household inequality in immunization status of children: some evidence from South Asian countries
Konstantakis, Konstantinos N.; Michaelides, Panayotis G. - In: Economics Bulletin 35 (2015) 2, pp. 871-877
Using households with a pair of male-female siblings from DHS surveys, this paper estimates gender based within-household inequality in immunization status of children (aged 1-5 years) from Bangladesh, India, Nepal and Pakistan. I find substantial level of gender based within-household...
Persistent link: https://www.econbiz.de/10011249521
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Measuring the impact of monetary policy: a factor-augmented vector autoregressive (favar) approach under bayesian framework
Wagan, Hakimzadi - In: Economics Bulletin 31 (2011) 4, pp. 48-48
(2003). Traditional approaches, such as vector auto regressive (VAR) models have not yielded satisfactory results because of … augmenting VAR model with factors summarizing the information of a vast data set that is used by central banks in monetary policy …
Persistent link: https://www.econbiz.de/10010836224
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Energy use and economic growth in Africa: a panel Granger-causality investigation
Arouri, Mohamed El Hedi; Youssef, Adel Ben; M'Henni, Hatem - In: Economics Bulletin 34 (2014) 2, pp. 1247-1258
We make use of a bootstrap panel analysis of causality between energy use and economic growth for a sample of sixteen African countries over the period 1988-2010. Our results show that growth and energy use are strongly linked in Africa. However, African countries are heterogeneous and there is...
Persistent link: https://www.econbiz.de/10010836236
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A Note on Cointegrating and Vector Autoregressive Relationships between CO2 allowances spot and futures prices
Chevallier, Julien - In: Economics Bulletin 30 (2010) 2, pp. 1564-1584
This article investigates the cointegrating and vector autoregressive relationships in CO2 allowances spot and futures prices, valid for compliance under the EU Emissions Trading Scheme (EU ETS). Our empirical analysis yields to reject a cointegrating relationship between CO2 spot and futures...
Persistent link: https://www.econbiz.de/10008465221
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A VAR analysis of FDI and environmental regulation: China's case
Peng, Wen-bin; Tian, Kun; Xiang, Guo-Cheng - In: Economics Bulletin 31 (2011) 1, pp. 11-11
This paper employs impulse response function of VAR model and the estimation variance decomposition method to …
Persistent link: https://www.econbiz.de/10010629904
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Interactions of money market between china and the us: pre-crises and post-crises
Yang, Lu - In: Economics Bulletin 32 (2012) 2, pp. 16-16
affect China's economy, for example, I operate the VAR model to specify the relationship between the parameters of the …
Persistent link: https://www.econbiz.de/10011208236
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The effects of crime on the Mexican economy: a vector error correction model
Carreon-Guzman, Diana L; Garza-Rodriguez, Jorge; … - In: Economics Bulletin 35 (2015) 2, pp. 959-967
The aim of this study was to examine the extent to which crime affects the components of aggregate demand and vice versa for the case of Mexico, using quarterly data for the number of homicides and the components of aggregate demand for the period from 1990 to 2010. We estimated a Vector Error...
Persistent link: https://www.econbiz.de/10011249524