In this paper, we test whether oil price predicts economic growth for 28 developed and 17 developing countries. We use predictability tests that account for the key features of the data, namely, persistency, endogeneity, and heteroskedasticity. Our analysis considers a large number of countries,...

Employing the MS-ARJI-GJR-GARCH-X model, in which the parameters for the jump process, the asymmetric GARCH effect and the impacts of oil price shocks are regime-dependent, this paper analyzes the impact of crude oil price shock on stock return dynamics. Empirical results reveal three...

In this comprehensive empirical study we critically evaluate the use of forecast averaging in the context of electricity prices. We apply seven averaging and one selection scheme and perform a backtesting analysis on day-ahead electricity prices in three major European and US markets. Our...

The European Union's strong positions in international services trade are mainly in finance and insurance, as well as in computing wherethey are now challenged by large emerging countries. The United Kingdom appears to be the only large European country specialized inservices with strong growth....

Des données détaillées permettent d'observer sur une trentaine d'années l'évolution des coûts de transport des marchandises importées par les Etats-Unis. Des tendances claires se dessinent, mais sans que le lien avec le prix du pétrole, composante importante de ces coûts, soit toujours...