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Testing for Purchasing Power Parity in Cointegrated Panels

Lyhagen, Johan - 2007

This paper applies the maximum likelihood panel cointegration method of Larsson and Lyhagen (2007) to test the strong … contrasted to those from the Pedroni (1995) cointegration tests and fully modified OLS and dynamic OLS esimators of the …

Persistent link: https://www.econbiz.de/10014401245

Real Exchange Rate Misalignment : A Panel Co-Integration and Common Factor Analysis

Yehoue, Etienne B. - 2005

We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of …

Persistent link: https://www.econbiz.de/10014404212

Cointegration of International Stock Market Indices

Chou, Ray Yeutien - 1994

In this paper, we derive evidence on the integration of international stock markets from the cointegration properties … of international stock market prices. Using the multivariate cointegration test of Johansen, we find that the set of six … subgroup analyses also indicate that the cointegration relationships have become stronger over time. This is consistent with …

Persistent link: https://www.econbiz.de/10014395829

The Equilibrium Real Exchange Rate of the Malagasy Franc : Estimation and Assessment

Cady, John - 2003

Employing cointegration techniques, the long-run determinants of Madagascar''s real exchange rate are examined from a …

Persistent link: https://www.econbiz.de/10014404020

Challenging the Empirical Evidence From Present Value Models of the Current Account

Miniane, Jacques Alain - 2004

Under near-singularity conditions typically generated by persistence in current account data the predictions of present value models become extremely sensitive to small sample estimation error. Moreover, traditional Wald tests will distort the likelihood that the model is true. Using OECD data...

Persistent link: https://www.econbiz.de/10014404141

Credit expansion in emerging markets : propeller of growth?

Garcia-Escribano, Mercedes; Han, Fei - 2015

housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find … cross-country panel regressions …

Persistent link: https://www.econbiz.de/10011373994

Structural breaks in carbon emissions : a machine learning analysis

Yao, Jiaxiong; Zhao, Yunhui - 2022

To reach the global net-zero goal, the level of carbon emissions has to fall substantially at speed rarely seen in history, highlighting the need to identify structural breaks in carbon emission patterns and understand forces that could bring about such breaks. In this paper, we identify and...

Persistent link: https://www.econbiz.de/10013170573

Shocks and Structural Breaks : Labor Market Reforms in the United Kingdom

Prasad, Eswar S. - 1994

This paper analyzes the effects of the labor market reforms launched in the early 1980s by the Conservative government led by Mrs. Thatcher. It is argued that the increase in the growth of labor productivity in manufacturing after 1980 as well as the improvement in the responsiveness of...

Persistent link: https://www.econbiz.de/10014396034

Growth and jobs in developing economies : trends and cycles

An, Zidong; Ghazi, Tayeb; Gonzalez Prieto, Nathalie - 2017

This paper investigates the relationship between economic growth and job creation in developing economies with a focus on low and lower middle-income countries along two dimensions: growth patterns and short-run correlations. Analysis on growth patterns shows that regime changes are quite common...

Persistent link: https://www.econbiz.de/10011763747

6½ decades of global trade and income : “new normal” or “back to normal” after GTC and GFC?

Kalra, Sanjay - 2016

Global merchandise trade expanded rapidly over the last 6 1\2 decades and its relationship with global income has seen ebbs and flows. This paper examines the shifts in this relationship using time series data over 1950-2014 and situates it in the current and longer term context. The...

Persistent link: https://www.econbiz.de/10011711761