Showing 1 - 10 of 137
Empirical findings from the gravity model using a bilateral data set of 23 OECD countries provide strong support for the network effect of FDI, migration, and the Internet on international trade. Further, the findings show differences in the network effect between the manufacturing and service...
Persistent link: https://www.econbiz.de/10010597215
This paper tests the hypothesis that, in the presence of credit constraints, higher wealth inequality affects negatively the growth gains from trade liberalisation. Variations in the growth rate of value added–decomposed in the growth rate of the number of establishments and the growth rate in...
Persistent link: https://www.econbiz.de/10010702782
To understand the growth effects of currency undervaluation we estimate its impact on the different components of GDP. We find that, for developing countries, undervaluation does not affect the tradable sector, but does lead to greater domestic savings and investment, as well as employment.
Persistent link: https://www.econbiz.de/10011041836
We examine whether China has benefited more from exports than other countries. The results show that exports have been more significant for growth in China than in other countries, even when China is compared with other transition economies.
Persistent link: https://www.econbiz.de/10010572140
In this paper we present new evidence on the aggregate effect of the euro on trade using data for 26 OECD countries for the period 1967–2008. We strive to fill the gaps present in the previous literature through a second-generation panel cointegration tests and estimators that account for both...
Persistent link: https://www.econbiz.de/10011041845
This article tests the linearity assumption underlying the popular heterogeneous autoregressive model for realized volatility (HAR-RV). We implement a consistent model specification test that is robust to both distributional and model misspecification. We find that, using a nonparametric HAR-RV...
Persistent link: https://www.econbiz.de/10010939493
It is well-known that economic and financial time series are characterized by nonlinearities. The literature does not agree, however, on the actual causes of such nonlinearities. In this paper, I investigate whether dynamics at different frequencies present different degree of nonlinearity, and...
Persistent link: https://www.econbiz.de/10010939503
We propose a test for the evaluation of statistical acceptability of a functional constraint which is imposed on parameters in the mixed data sampling regressions. The asymptotic behavior of the test statistic is characterized and a few other extensions are discussed.
Persistent link: https://www.econbiz.de/10010597199
We investigate the existence of nonlinearities in the dynamics of the returns of stock markets indices from CEE economies. We use several types of nonlinear tests. We discuss the implications of the results with respect to the efficient market hypothesis.
Persistent link: https://www.econbiz.de/10010572246
We analyze whether landlocked regions are systematically poorer, using panel data for 1,527 regions in 83 nations from 1950-2014 and exploiting within-country-time variation. Lacking ocean access decreases regional GDP/capita by ≈13%. Specifically, coastal distance matters but not the length...
Persistent link: https://www.econbiz.de/10013436691