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Structural breaks in Iron-Ore prices: The impact of the 1973 oil crisis
Angelov, Nikolay - 2006
This paper investigates the time-series properties of the price of iron ore. The focus is on testing a unit-root null hypothesis against a trend-stationary alternative, with a structural break allowed under both hypotheses. We consider unit-root tests with or without structural breaks, applied...
Persistent link: https://www.econbiz.de/10010321602
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The European economic crisis from 2007 onwards in the context of a global crisis of over-production of capital - a Marxian monetary theory of value interpretation
Gander, Sascha - 2019
This paper attempts to clarify how the European economic crisis from 2007 onwards can be understood from the perspective of a Marxian monetary theory of value that emphasizes in-trinsic, structural flaws regarding capitalist reproduction. Chapter two provides an empirical description of the...
Persistent link: https://www.econbiz.de/10012099421
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Real Convergence, Price Level Convergence and Inflation Differentials in Europe
Égert, Balázs - 2007
This paper provides a comprehensive review of the factors that can cause price levels to diverge and which are at the root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors influencing market and non-market-based service, house...
Persistent link: https://www.econbiz.de/10013370055
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International Labour Force Participation Rates by Gender: Unit Root or Structural Breaks?
Ozdemir, Zeynel Abidin; Balcilar, Mehmet; Tansel, Aysit - 2011
This paper examines the possibility of unit roots in the presence of endogenously determined multiple structural breaks in the total, female and male labour force participation rates (LFPR) for Australia, Canada and the USA. We extend the procedure of Gil-Alana (2008) for single structural break...
Persistent link: https://www.econbiz.de/10010500194
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A Bayesian analysis of unit roots and structural breaks in the level and the error variance of autoregressive models
Meligkotsidou, Loukia; Tzavalis, Elias; Vrontos, Ioannis D. - 2004
In this paper, a Bayesian approach is suggested to compare unit root models with stationary models when both the level and the error variance are subject to structural changes (known as breaks) of an unknown date. The paper utilizes analytic and Monte Carlo integration techniques for calculating...
Persistent link: https://www.econbiz.de/10010284115
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The impact of bilateral investment treaties on FDI inflows into India: Some empirical results
Singh, Jaivir; Shreeti, Vatsala; Urdhwareshe, Parnil - 2020
Commencing in the 1990s, India signed a number of bilateral investment treaties (BITs), however, after a spate of … adverse investor-state dispute settlements (ISDS), India has recently denounced all its erstwhile investment treaties. New … investment treaties now need to be negotiated on the basis of a new Model Treaty that substantially privileges state rights over …
Persistent link: https://www.econbiz.de/10012625349
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The Effect of Data Transformation on Common Cycle, Cointegration and Unit Root Tests : Monte Carlo Results and a Simple Test
Corradi, Valentina; Swanson, Norman R. - 2003
In the conduct of empirical macroeconomic research, unit root, cointegration, common cycle, and related test statistics … substantive effect that incorrect transformation can have on the finite sample performance of common feature and cointegration …
Persistent link: https://www.econbiz.de/10010263220
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Why a diversified portfolio should include African assets
Alagidede, Paul; Panagiotidis, Theodore; Zhang, Xu - 2010
We employ parametric and non-parametric cointegration to investigate the extent of integration between African stock … cointegration approaches confirm the latter through recursive estimation. The implication is that global market movements may have …
Persistent link: https://www.econbiz.de/10010273679
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Spurious correlation in estimation of the health production function: A note
Akkoyunlu, Sule; Lichtenberg, Frank R.; Siliverstovs, Boriss - 2009
In this paper, we address the issue of spurious correlation in the production of health in a systematic way. Spurious correlation entails the risk of linking health status to medical (and nonmedical) inputs when no links exist. This note first presents the bounds testing procedure as a method to...
Persistent link: https://www.econbiz.de/10010315553
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Does Unemployment Hysteresis Equal Employment Hysteresis?
Gustavsson, Magnus; Österholm, Pär - 2006
This paper investigates if conclusions regarding labour market hysteresis differ depending on whether employment or unemployment rates are studied. Applying a range of unit-root tests to monthly data from Australia, Austria, Canada, Finland, Sweden, the U.K. and the U.S., we find results for...
Persistent link: https://www.econbiz.de/10010321556