Showing 1 - 6 of 6
In this paper, we show that the regional finance-growth nexus in Italy is robust to a series of innovations with respect to the existing literature on the topic. We use finer measures of economic and financial development, as well as instruments with a deeper economic content. We rely on...
Persistent link: https://www.econbiz.de/10005113153
We show how to easily implement a Roy-Zellner test for poolability in STATA and we offer an application to the Grunfeld dataset.
Persistent link: https://www.econbiz.de/10005113159
Regional patterns of inflation persistence have received attention only at a very coarse level of territorial disaggregation, that of EMU member states. However economic disparities within EMU member states are an equally important policy issue. This paper considers a country with a large...
Persistent link: https://www.econbiz.de/10005102600
Research and development (R&D) in the field of nanomaterials is expected to be a major driver of innovation and economic growth. In this respect, many countries, as national systems of innovation, have established support programs offering subsidies for industry- and government-funded R&D....
Persistent link: https://www.econbiz.de/10005030048
Recent empirical contributions assess time changes in inflation persistence by means of simple autoregressive models. Their reliability is discussed in the light of the econometric literature on model misspecification and it is showed that their results can be misleading due to the omission of...
Persistent link: https://www.econbiz.de/10005030050
We show that some nonparametric specification tests can be robust to disturbance autocorrelation. This robustness can be affected by the specification of the true model and by the sample size. Once applied to the prediction of changes in the Euro Repo rate by means of an index based on ECB...
Persistent link: https://www.econbiz.de/10005030051