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The cyclical behaviour of prices in the U.K.: Some structural time series evidence

Moosa, Imad A. - In: Empirical Economics 25 (2000) 2, pp. 261-278

The cyclical behaviour of prices in the U.K. is investigated using a sample of annual observations covering the period 1886-1993. A structural time series model relating consumer prices to output is estimated over four sub-periods. The results indicate that prices were procyclical in the...

Persistent link: https://www.econbiz.de/10005382219

Convergence across industrialised countries (1890-1989): new results using time series methods

Aubyn, Miguel S. - In: Empirical Economics 24 (1999) 1, pp. 23-44

Augmented Dickey Fuller (ADF) and Kalman filter convergence tests are applied to annual GDPs per head to 16 industrialised countries from 1890 to 1989. Results favour convergence towards the US with a structural break following the Second World War. Estimates suggest that steady-states were...

Persistent link: https://www.econbiz.de/10005382148

Convergence among five industrial countries (1870–1994): Results from a time varying cointegration approach

Pen, Yannick Le - In: Empirical Economics 30 (2005) 1, pp. 23-35

In this paper, we check the hypothesis of a time varying cointegration relation between four industrial countries’ per … the hypothesis of time evolving cointegration in all cases. Tests on the parameters of these cointegration relations show …

Persistent link: https://www.econbiz.de/10005382330

Productivity growth and inflation in Europe: Evidence from panel cointegration tests

Christopoulos, Dimitris K.; Tsionas, Efthymios G. - In: Empirical Economics 30 (2005) 1, pp. 137-150

In this paper we investigate the productivity growth – inflation nexus in fifteen European countries over the period … 1961–1999 using panel unit root and panel cointegration tests. Emphasis is placed on the distinction between long-run and …

Persistent link: https://www.econbiz.de/10005758370