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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

The relationship between the F-test and the Schwarz criterion: Implications for Granger-causality tests

Atukeren, Erdal - In: Economics Bulletin 30 (2010) 1, pp. 494-499

In applied research, the Schwarz Bayesian Information Criterion (BIC) and the F-test might yield different inferences about the causal relationships being investigated. This paper examines the relationship between the BIC and the F-tests in the context of Granger-causality tests. We calculate...

Persistent link: https://www.econbiz.de/10008596140

The relationship between the F-test and the Schwarz criterion: Implications for Granger-causality tests

Atukeren, Erdal - In: Economics Bulletin 30 (2010) 1, pp. 494-499

Persistent link: https://www.econbiz.de/10008562851

Pitfall of simple permanent income hypothesis model

Masuda, Kazuto - In: Economics Bulletin 31 (2011) 1, pp. 35-40

Permanent Income Hypothesis (hereafter, PIH) is one of the central concepts in macroeconomics. Single equation version of PIH is often appeared in textbooks and academic papers. But, even in single equation version of PIH Romer(2006) suggested, to get economic insights from estimation, we need...

Persistent link: https://www.econbiz.de/10008784418

Partial efficient estimation of SUR models

Qian, Hailong; Bednarek, Heather L. - In: Economics Bulletin 35 (2015) 1, pp. 338-348

) models. Using the GMM interpretation of the usual OLS and GLS/FGLS estimation of regression coefficients in SUR models, we … derive the necessary and sufficient condition for the equal asymptotic efficiency of the OLS and FGLS estimators of a subset … OLS and GLS/FGLS estimators of the whole coefficient vector (see for example, Dwivedi and Srivastava, 1978) to the …

Persistent link: https://www.econbiz.de/10011199632

An empirical study between government sectoral expenditure and indian economic growth

Bhunia, Amalendu - In: Economics Bulletin 31 (2011) 4, pp. 47-47

The purpose of the present study is to examine the growth effect of government expenditure on economic growth in India over a period from 1991 to 2010, with a particular focus on sectoral expenditures. Five key sectors were preferred (security, health, education, transportation and communication...

Persistent link: https://www.econbiz.de/10010630296

Tax enforcement may decrease government revenue

Besfamille, Martin; Donder, Philippe De; Lozachmeur, … - In: Economics Bulletin 29 (2009) 4, pp. 2665-2672

We analyze the relation between tax enforcement, aggregate output and government revenue when imperfectly competitive firms evade a specific output tax. We show that aggregate output decreases with tax enforcement. Government revenue increases with enforcement when the tax is low. When the tax...

Persistent link: https://www.econbiz.de/10008562999

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

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

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