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Thresholds in the process of international financial integration
Kose, M. Ayhan; Prasad, Eswar S.; Taylor, Ashley D. - 2009
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10010269032
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MIMIC models, cointegration and error correction: an application to the French shadow economy
Bühn, Andreas; Schneider, Friedrich G. - 2008
differences. Arguably, this shortcoming is rooted in the lack of an appropriate MIMIC model which considers cointegration among … variables. This paper develops a MIMIC model which estimates the cointegration equilibrium relationship and the error correction …
Persistent link: https://www.econbiz.de/10010276685
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Exports, imports and wages: evidence from matched firm-worker-product panels
Martins, Pedro Silva; Opromolla, Luca David - 2009
matched firm-worker panel and a matched firm-transaction panel. Our data set follows the population of manufacturing firms and …
Persistent link: https://www.econbiz.de/10010275836
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International specialization and the return to capital
Batista, Cátia; Potin, Jacques - 2010
new integrated treatment to this question using a panel of 44 developing and developed countries over the period 1976 …
Persistent link: https://www.econbiz.de/10010271800
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Health Care Expenditures in OECD Countries : A Panel Unit Root and Cointegration Analysis
Dreger, Christian; Reimers, Hans-Eggert - 2005
recent developed panel cointegration techniques. In contrast to previous studies, the analysis accounts for the fact that … cointegration relationship can be established among the variables. The income elasticity is not different from unity, implying that … evidence is unchanged, if alternative estimators of the cointegration vector are used. Controlling for cross section dependency …
Persistent link: https://www.econbiz.de/10010262194
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Do foreigners replace native immigrants? Evidence from a panel cointegration analysis
Brücker, Herbert; Fachin, Stefano; Venturini, Alessandra - 2009
characterized by market differences in earnings between the North and the South. Based on a panel cointegration approach we exploit …
Persistent link: https://www.econbiz.de/10010271297
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Two to tangle: financial development, political instability and economic growth in Argentina (1896 - 2000)
Campos, Nauro F.; Karanasos, Menelaos G.; Tan, Bin - 2008
This paper investigates the effects of financial development and political instability on economic growth in a power-ARCH framework with data for Argentina from 1896 to 2000. Our findings suggest that (i) informal or unanticipated political instability (e.g., guerrilla warfare) has a direct...
Persistent link: https://www.econbiz.de/10010268984
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Purchasing power parity for developing and developed countries: what can we learn from non-stationary panel data models?
Drine, Imed; Rault, Christophe - 2007
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …
Persistent link: https://www.econbiz.de/10010268121
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International financial integration and Real Exchange Rate long-run dynamics in emerging countries: some panel evidence
Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10010271575
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Remittances, financial development, and growth
Giuliano, Paola; Ruiz-Arranz, Marta - 2006
Despite the increasing importance of remittances in total international capital flows, the relationship between remittances and growth has not been adequately studied. This paper studies one of the links between remittances and growth, in particular how local financial sector development...
Persistent link: https://www.econbiz.de/10010267976