Showing 1 - 10 of 459
Abstract The sub-optimal savings propensity in South Africa the past three decades causes concern for the ability of … the country to support its economic development. An historical analysis of the development of the savings’ trends in South … economic activity in the Cape Colony very little is known about the role financial sector development and savings played in the …
Persistent link: https://www.econbiz.de/10011260668
terms. Then the efficacy of monetary policy is explicitly affected by the expected return and the volatility of the series …
Persistent link: https://www.econbiz.de/10013148534
Este trabajo realiza el primer análisis cuantitativo detallado del nivel de actividad económica de Antioquia para el siglo XIX y la primera parte del XX. A partir de los datos existentes para la economía colombiana, se reconstruye la que es, además, una de las primeras series de PIB regional...
Persistent link: https://www.econbiz.de/10014167721
autoregressive conditional heteroskedasticity (GARCH) model. Trend and volatility are estimated jointly with the maximum likelihood …
Persistent link: https://www.econbiz.de/10008636497
Several studies considered oil price as exchange rate determinants. The novelty of our paper is to test if the lagged oil price are statistically significant predictors of Moroccan and Tunisian exchange rate. We consider a stricter GARCH specifications (linear versus nonlinear, symmetric versus...
Persistent link: https://www.econbiz.de/10011108802
the effects of oil price, external reserves and interest rate on exchange rate volatility in Nigeria using annual data … exchange rate volatility in Nigeria; which implies that exchange rate is susceptible to changes in oil price. The study … rate volatility significantly in Nigeria. …
Persistent link: https://www.econbiz.de/10011109692
As oil and gas are exhaustible resources, the need for economic diversification has gained momentum in the Gulf Cooperation Council (GCC) countries immediately after the end of the first oil boom in 1973-74. Economic diversification, in the context of GCC countries, implies development of the...
Persistent link: https://www.econbiz.de/10008583550
Applying nonstationary panel data econometric methods, this paper analyzes the major sources and transmission of inflation in the Gulf Cooperation Council (GCC) countries over the 1980-2008 period. We argue that, in GCC countries, money is essentially demand determined, so that the high...
Persistent link: https://www.econbiz.de/10008765622
This paper focuses on the impact of full capital account liberalization on macroeconomic volatility in Greece … reduce macroeconomic volatility. The link between macroeconomic volatility and capital account openness in the Greek economy …. There is no strong evidence for a stable relation between macroeconomic volatility and variables of financial openness. Thus …
Persistent link: https://www.econbiz.de/10009372530
This paper explains the early U.S. Department of Commerce estimates of national income and product during the 1930s and 1940s, focusing on how both economic theory and the needs of policymakers influenced the methods and concepts used. The paper explores the debate between Simon Kuznets, author...
Persistent link: https://www.econbiz.de/10011257743