In this paper we present a very brief description of least mean square algorithm with applications in time-series analysis of economic and financial time series. We present some numerical applications; forecasts for the Gross Domestic Product growth rate of UK and Italy, forecasts for S&P 500...

With the prime objective of learning from the fossil fuel based CO2 emissions-economic growth-world crude price nexus of a leading economy, the underpinning nature of the relationship among them is investigated for the United States (US). Autoregressive distributed lag bounds testing approach to...

The existence and direction of Granger causality between electricity consumption and economic growth, proxied by gross domestic product (GDP), has been investigated in this study using annual data covering the period 1971 to 2007. The results of the augmented Dickey-Fuller, GLS-detrended...

The U.S. economy is suffering because of misguided theorists/economists who continue to insist that the federal government should not intrude in international trade in a way that reduces imports into the U.S. This essay answers that perspective. A new way of looking at trade - in terms of the...

The aim of this paper is to analyses the trajectory of the gross domestic product in Brazil and in Bahia, between 1990 and 2005, and also to describe the segments and sub-complex of the agribusiness, as well as its relations and economic flows. Using Input-Output modeling it was possible to...

In this paper, we ask whether it is possible to forecast gross-value added (GVA) and its sectoral sub-components at the regional level. We are probably the first who evaluate sectoral forecasts at the regional level using a huge data set at quarterly frequency to investigate this issue. With an...

The study addresses (i) the problem of non-additivity of some time series expressed in real terms that is one of the features of Germany’s new system of national accounts since 2005, and (ii) methods of the computation of quarterly data in econometric forecasting models under this condition....

In 2005, Germany’s system of national accounts was altered from so called fixed prices (prices of a fixed year, in the end 1995) to prices of the preceding year as basis for calculating macroeconomic time series in real terms. Compared to the previous SNA, the new system offers a wider range...

This study implements Mathematica to estimate a system of national accounts. The estimation methods applied are portrayed in Danilov and Magnus (2008), including the Bayesian estimation, restricted and unrestricted least-squares estimation and best linear unbiased estimation. Operationalizing...

Work incentives are closely related to production performance. This paper presents evidence that the value added of a firm increases when relative labor costs rise, or the level of unemployment increases. Both circumstances imply evidence in favor of the efficiency wage model. This theory is...