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This paper introduces a new approach to examine the relationship between income and democracy by employing panel count … bounds. We find evidence that though income and democracy are positively related the magnitude of the coefficient is … hypothesis. Moreover, once we control for income endogeneity, the relationship between income and democracy turns to be …
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We propose an econometric model for the transmission mechanism in Brazil after the inflation target regime (IT) implementation. We follow the statistical approach based on the LSE methodology by means of the Spanos (J Econom 44:87–105, <CitationRef CitationID="CR28">1990</CitationRef>) categorization. Our proposed model includes the...</citationref>
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the behavior US money demand over the period of 1980:Q1–2010:Q4, using the standard linear cointegration procedures found …
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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...
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