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The correlation analysis was conducted on dynamic of GDP and company failure rate for Poland, Europe and USA for the …
Persistent link: https://www.econbiz.de/10011259056
The growth rate of real GDP per capita in the biggest OECD countries is represented as a sum of two components – a … growth rate is modelled by an inverse function of real GDP per capita with a constant numerator. This numerator is equivalent … to a constant annual increment of real GDP per capita. For the most advanced economies, the GDP estimates between 1950 …
Persistent link: https://www.econbiz.de/10011259294
The formation of the European Union (EU) is the one of the biggest political – economic events of the last 50 years. The aim of this study is to develop EU economy functioning system dynamic model. Main research method is system dynamics. General scheme of EU economy system dynamic model is...
Persistent link: https://www.econbiz.de/10011259562
power for both GDP growth and excess stock returns, and that the results are robust to the inclusion of information …
Persistent link: https://www.econbiz.de/10009647399
Using data for SAARC region, we found real GDP per capita is nonlinear stationary implying that shocks to economy by … economic policies (external or internal) have permanent effects on real per capita GDP of SAARC countries. This finding reveals …
Persistent link: https://www.econbiz.de/10008855813
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120
This paper presents the logic and structure of a small and parsimonious macroeconometric model designed for output gap and potential growth estimation in a data-poor environment. Such results can be useful in calculating the cyclically adjusted budget balances which are a key indicator for...
Persistent link: https://www.econbiz.de/10011251882
Economic growth data does not show how such growth was achieved. Was it based on income growth and consumption spending levels or was it based on borrowings to extend the income levels? The question is vital for deciding which economic tools work best for correcting imbalances. The main...
Persistent link: https://www.econbiz.de/10011251886
This paper addresses the following questions: which was the contribution of banks’assets to the US’ expansion in the period until the financial crisis? Did commercial banks respect capital requirements? The two questions are strictly interrelated as, according to a recent literature,...
Persistent link: https://www.econbiz.de/10011258987
We build an analytically and computationally tractable stochastic equilibrium model of unemployment in heterogeneous labor markets. Facing search frictions within markets and reallocation frictions between markets, workers endogenously separate from employment and endogenously reallocate between...
Persistent link: https://www.econbiz.de/10011259507