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On the relationship between economic integration, business environment and real convergence : the experience of the CEE countries

Głodowska, Agnieszka - In: Economies : open access journal 7 (2019) 2/54, pp. 1-19

The aim of the article is to verify the convergence process of the Central and Eastern Europe (CEE) (CEE10) countries … economic integration and convergence as well as business environment and growth. The study methods applied in in the article …10 and EU15 countries were developing in accordance with the convergence hypothesis. The impact of economic integration …

Persistent link: https://www.econbiz.de/10012021613

The political economy of public investment when population is aging : a panel cointegration analysis

Jäger, Philipp; Schmidt, Torsten - 2015

Time preferences vary by age. Notably, according to experimental studies, senior citizens tend to discount future payoffs more heavily than working-age individuals. Based on these findings, we hypothesize that demographic change has contributed to the cut-back in government-financed investment...

Persistent link: https://www.econbiz.de/10010519083

The robustness of the effects of public investment in infrastructure on private output : evidence for Germany

Kitlinski, Tobias - 2015

This paper investigates the effects of public investment in infrastructure on private output for Germany. Using a multivariate framework we explore the impact of a diverging selection of variables on the ensuing estimates and document confidence intervals computed following the bootstrap...

Persistent link: https://www.econbiz.de/10010532083

Convergence and heterogeneity in euro based economies : stability and dynamics

Haynes, Philip; Haynes, Jonathan - In: Economies : open access journal 4 (2016) 3, pp. 1-16

is convergence of the cluster patterns over time. A number of different clusters appear and these change over time as the … labour productivity. The paper concludes that in the last decade the convergence of countries sharing the euro has been … divergences from pre-existing integration. Country convergence needs to be understood as a dynamic and multivariate concept. This …

Persistent link: https://www.econbiz.de/10011542637

Till labor cost do us part : on the long run convergence of EMU countries

Pancotto, Francesca; Pericoli, Filippo Maria - 2011

A sustainable long-run pattern in the relative competitiveness of euro area countries is a key factor for the survivorship of the monetary union. We analyze the issue focussing on unit labor cost dynamics using cointegration analysis for the whole economy and for the manufacturing sector...

Persistent link: https://www.econbiz.de/10011735051

Convergence trends in euro economies : financial crisis recovery and the COVID-19 pandemic

Haynes, Philip; Alemna, David - In: Economies : open access journal 11 (2023) 11, pp. 1-18

impact of the euro on economic convergence. The DPS method ensures a forensic examination of the diverse variable patterns … that influence cluster memberships. As with previous research conclusions, there are multiple patterns of convergence and … nominal convergence. An example is the divergence of the experience of consumer inflation between 2016 and 2022. Nevertheless …

Persistent link: https://www.econbiz.de/10014463403

Within and between panel cointegration in the German regional output-trade-FDI nexus

Mitze, Timo - 2010

For spatial data with a sufficiently long time dimension, the concept of global cointegration has been recently included in the econometrics research agenda. Global cointegration arises when non-stationary time series are cointegrated both within and between spatial units. In this paper, we...

Persistent link: https://www.econbiz.de/10008934338

The impact of financial development on economic growth in Nigeria : an ARDL analysis

Iheanacho, Eugene - In: Economies : open access journal 4 (2016) 4, pp. 1-12

This study empirically examines the relationship between financial intermediary development and economic growth in Nigeria over the period 1981–2011 using the auto-regressive distributed lag (ARDL) approach to co-integration analysis. The results show that the relationship between financial...

Persistent link: https://www.econbiz.de/10011610208

Analyzing the tourism-energy-growth nexus for the top 10 most-visited countries

Işik, Cem; Doğan, Eyüp; Ongan, Serdar - In: Economies : open access journal 5 (2017) 4, pp. 1-13

By using the Emirmahmutoglu–Kose bootstrap Granger non-causality method, this study explores the directions of causality among tourist arrivals, tourism receipts, energy consumption and economic growth for the top 10 most-visited countries (France, the USA, Spain, China, Italy, Turkey,...

Persistent link: https://www.econbiz.de/10011772435

Foreign direct investment and exports stimulate economic growth? : evidence of equilibrium relationship in Peru

Bazán Navarro, Ciro Eduardo; Álvarez-Quiroz, Víctor … - In: Economies : open access journal 10 (2022) 10, pp. 1-16

The purpose of this research is to estimate the dynamic impacts of foreign direct investments (FDI) and exports on economic growth in Peru (1970-2020) using annual series. Starting with the theoretical Mundell-Fleming static model with assumptions, we find that the change in exports does not...

Persistent link: https://www.econbiz.de/10013499178