Showing 1 - 10 of 46
Information on economic policy uncertainty (EPU) does matter in predicting oil returns especially when accounting for omitted nonlinearities in the relationship between these two variables via a time-varying coefficient approach. In this work, we compare the forecastability of standard, Bayesian...
Persistent link: https://www.econbiz.de/10011214021
Using an overlapping generations monetary endogenous growth model, we analyze the possible misalignment in the growth-maximizing policies if tax evasion is assumed to be exogenous instead of being treated as a behavioral decision of the agents. By allowing for government transfers to affect...
Persistent link: https://www.econbiz.de/10005773225
We emphasize the role of news-based economic policy and equity market uncertainty indices as robust drivers of oil price fluctuations. In that, we utilizea new hybrid nonparametric quantile causality methodology in order to investigate whether EPU and EMU uncertainty measures incorporate...
Persistent link: https://www.econbiz.de/10011267815
This paper investigates the dynamic relationship between oil prices and growth across the U.S. States using a panel data framework. We use both annual and quarterly data spanning the periods 1973 to 2013 and 1948Q1 to 2013Q4, respectively. Following Hatemi-J (2012), we allow for the presence of...
Persistent link: https://www.econbiz.de/10011207664
This paper re-examines the stochastic properties of US State real per capita personal income, using new panel unit-root procedures. The new developments incorporate non-linearity, asymmetry, and cross-sectional correlation within panel data estimation. Including nonlinearity and asymmetry finds...
Persistent link: https://www.econbiz.de/10011095430
This study applies bootstrap panel causality, proposed by Kónya (2006), to investigate causal link be-tween political uncertainty and stock price for seven OECD countries over the monthly period of 2001.01 to 2013.04. This modeling approach allows us to examine both the cross-sectional...
Persistent link: https://www.econbiz.de/10010737580
This study applies the Sequential Panel Selection Method (SPSM) to investigate the time-series properties of provincial house prices for entire, large, medium, and small middle-segments of South Africa. Quarterly time-series data were collected from nine provinces in South Africa for different...
Persistent link: https://www.econbiz.de/10010781442
(Brazil, Russia, India, China, and South Africa) and that for the USA for the period 1988-2012. Panel causality was examined … expenditures and economic growth in China and South Africa. These results indicate that the causality between military expenditures …
Persistent link: https://www.econbiz.de/10011011767
This paper empirically examines the long-run impact and short-term dynamics of housing wealth and financial wealth on household consumption in South Africa using annual provincial-level panel data for the period 1995 to 2011. Based on available data, recently developed econometric techniques for...
Persistent link: https://www.econbiz.de/10010743486
This paper utilises various recently developed econometric methods to obtain better approximations to the half-life for real exchange rates of ten South African Development Community (SADC) countries and to generate confidence intervals for half-life deviations from the purchasing power parity...
Persistent link: https://www.econbiz.de/10005773182