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than the average of Colombia. Moreover, we found periods of economic boom between 1800 and 1840, 1860 and 1880, and 1905 …
Persistent link: https://www.econbiz.de/10014167721
This paper investigates whether or not multivariate cointegrated process with structural change can describe the Brazilian term structure of interest rate data from 1995 to 2006. In this work the break point and the number of cointegrated vector are assumed to be known. The estimated model has...
Persistent link: https://www.econbiz.de/10005665395
Since the seminal work of Solow (1956), along with the accumulation of factors related to physical capital, human capital has become one of the main determinants of economic growth. In this perspective, education is on growth through several channels to know, for example, life expectancy, birth...
Persistent link: https://www.econbiz.de/10011262757
Using contemporary models this paper explores the time-series properties of financial infrastructure and economic growth indicators to investigate the nexus between developments in financial intermediation with the economic growth for India over the 1971-2004 periods. Both over short-run and the...
Persistent link: https://www.econbiz.de/10005260232
literature by examining the major determinants of OFDI from India using the cointegration and Vector Error Correction Model over …
Persistent link: https://www.econbiz.de/10009246874
1970 to 2009 using multivariate cointegration analysis. The empirical result from the investment equation shows that aid …
Persistent link: https://www.econbiz.de/10009325600
. From the VECM model, If the log wages increases by 1%, it is expected that the log of prices would increase by 5.24 percent …
Persistent link: https://www.econbiz.de/10009325634
stable; KPSS test showed that output, capital and labor are not trend stationary. Johansen’s co-integration test showed that … responds more / faster than loutput (log of GDP) and lcapital on if there is change / shock in the system.VECM model failed the …
Persistent link: https://www.econbiz.de/10009325651
(1988) and Johansen and Juselius (1990) cointegration tests and VECM approach in investigating the dynamic linkages between …
Persistent link: https://www.econbiz.de/10008740571
and 2004. The relationship is tested for cointegration. All three variables involved in the relationship are proved to be … integrated of order one. Two methods of cointegration testing are used. First is the Engle-Granger approach based on the unit … Johansen cointegration rank test based on a VAR representation, which is also proved to be an adequate one via a set of …
Persistent link: https://www.econbiz.de/10005835964