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Household car use in France: a demographic and economic analysis

Collet, Roger - In: Economics Bulletin 32 (2012) 1, pp. 475-485

sheds some light on household perception of fuel price volatility. Using repeated cross-section data from the French "Car … the same age, who grew up in less car-dependent times. In addition, the negative impact of fuel price volatility on car … there is an increase in uncertainty about fuel prices. Lastly, we demonstrate that failure to consider the volatility effect …

Persistent link: https://www.econbiz.de/10011278805

Nonparametric estimation of functional-coefficient partially linear dynamic panel data model with fixed effects

Tran, Kien C - In: Economics Bulletin 34 (2014) 3, pp. 1751-1761

In this paper we propose a stationary nonlinear dynamic functional coefficient panel data models with fixed effects and develops semiparametric estimation procedure using series approximation. Convergence rate and asymptotic distribution of the proposed series estimators are derived in which...

Persistent link: https://www.econbiz.de/10010884992

Statistical versus economic output gap measures: evidence from Mongolia

Bersch, Julia; Sinclair, Tara M. - In: Economics Bulletin 34 (2014) 3, pp. 1864-1874

This paper compares the output gap estimates based on a number of different methods. We take advantage of the unique properties of the Mongolian economy in order to evaluate the different approaches. We find that an economic measure derived from a Blanchard and Quah-type joint model of output...

Persistent link: https://www.econbiz.de/10010889797

A revisit to the relationship between patents and R&D using empirical likelihood estimation

Hsueh, Sheng-Pin; Lee, Wei-Ming - In: Economics Bulletin 32 (2012) 2, pp. 1208-1214

In this paper we reexamine the relationship between patents and R&D using empirical likelihood estimation. Based on the data of Hall, Griliches, and Hausman (1986) and the specification allowing for endogenous regressors, we found that the contemporaneous effect of R&D is significantly positive,...

Persistent link: https://www.econbiz.de/10011278522

A note on the uncertain trend in US real GNP: Evidence from robust unit root tests

Darné, Olivier; Charles, Amélie - In: Economics Bulletin 32 (2012) 3, pp. 2399-2406

In this paper, we test the presence of stochastic trend in long series of US real GNP measured by Balke and Gordon (1989) and Romer (1989), using unit root tests robust against breaks and outliers. We apply two recent robust unit root tests proposed by Cavaliere and Georgiev (2009) and Lima and...

Persistent link: https://www.econbiz.de/10011278543

Consistently bounding parameter values with one instrument and two endogenous explanatory variables

Dunn, Richard A - In: Economics Bulletin 32 (2012) 2, pp. 1074-1081

The current paper considers a linear regression framework with two endogenous regressors, but only one instrument that is correlated with both. I demonstrate that under reasonable conditions, some of which are testable from the data, these different sources of endogeneity act in opposing...

Persistent link: https://www.econbiz.de/10011278545

On the Performance of Foreign Direct Investment in China: 1981-2004

Jiang, Mingming - In: Economics Bulletin 32 (2012) 4, pp. 3320-3332

This paper centers on the measurement of the time-varying efficiency of foreign direct investment (FDI) in China from 1981 to 2004. I modify the standard stochastic production frontier approach to isolate the estimate of the technical efficiency of FDI. The estimations show that the FDI...

Persistent link: https://www.econbiz.de/10011278550

Quantiles autocorrelation in stock markets returns

Ceretta, Paulo Sergio; Righi, Marcelo Brutti; costa, … - In: Economics Bulletin 32 (2012) 3, pp. 2065-2075

Knowledge of dependence pattern in stock market has paramount importance for both theoretical and practical in financial markets. Their usefulness is wide, can be used in portfolio predictability (of portfolio) and risk management. The aim of this paper is to investigate the autoregressive...

Persistent link: https://www.econbiz.de/10011278564

Long-Run Debt Sustainability and Threshold Adjustments: Non-Linear Empirical Evidence from the GIIPS

Legrenzi, Gabriella; Milas, Costas - In: Economics Bulletin 32 (2012) 3, pp. 2586-2593

We assess the sustainability of the public finances of Greece, Ireland, Italy, Portugal and Spain (GIIPS), allowing for possible non-linearities in the form of threshold behaviour of the fiscal authorities. We provide some evidence of fiscal sustainability when debt gets â€œtoo highâ€...

Persistent link: https://www.econbiz.de/10011278579

Hedonic and GMM Estimates of the Relationship between House Prices and Rents in Taiwan

Wang, Chieh-hsuan; Chung, Chien-ping; Hwang, Jen-Te - In: Economics Bulletin 32 (2012) 3, pp. 2231-2245

Empirical results in this study demonstrate that house prices have limited influence over rents in Taiwan. In fact, the impact of house prices on rents is not as apparent as of other factors like the floor (high or low), area, and the interaction of multiple factors such as house attributes like...

Persistent link: https://www.econbiz.de/10011278587

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