Showing 1 - 10 of 217
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
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
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
Employing cointegration techniques, the long-run determinants of Madagascar''s real exchange rate are examined from a …
Persistent link: https://www.econbiz.de/10014404020
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
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
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
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
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
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