This paper puts forward a method to estimate average economic growth, and its associated confidence bounds, which does …

This paper puts forward a method to estimate average economic growth, andits associated confidence bounds, which does …

Time varying patterns in US growth are analyzed using various univariate model structures, starting from a naive model … conditional variance are specified together with their interaction, including survey data on expected growth in order to … forecasting performance of the various model specifications. The extension of a basic growth model with a constant mean to models …

on this representation, a notion of near cointegration is proposed and three separate applications of the model of near … cointegration are provided. As a first application, we give analytical corroboration of the conjecture that the finite sample … coefficient. Hence, the notion of near cointegration helps to bridge the gap between the polar cases of spurious regression and …

cointegration are provided. As a first application, we give analyticalcorroboration of the conjecture that the finite sample … coefficient. Hence, the notionof near cointegration helps to bridge the gap between the polar cases ofspurious regression and … cointegration. Secondly, we characterize theproperties of conventional cointegration methods under near cointegration …

with general cointegration rank. Our hedge is optimal in the sense of minimum variance portfolio. We consider a model that … correlation and cointegration parameters. For short holding periods the correlation impact is predominant. For long horizons, the … hedge ratio should overweight the cointegration parameters rather then short-run correlation information. In the innite …

In this paper we explore linkages between financial services tradeand growth. We offer aformalization of the argument … econometric exercise. Cross-country growth regressionspoint to a strong positive relationship between financial sectorcompetition … and financial sectoropenness, and between growth and financial sector competition. …

We explore dynamic linkages between financial/banking sector openness, financial sector competition, and growth. We … competition/performance and financia1 sector openness (meaning foreign bank access to domestic markets), and between growth and …

In this paper we explore linkages between financial services trade and growth. We offer a formalization of the argument …. This motivates an econometric exercise. Cross- country growth regressions point to a strong positive relationship between … financial sector competition and financial sector openness, and between growth and financial sector competition. <BR><BR> …