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Tourism and economic growth in Latin American countries : a panel data approach

Eugenio-Martín, Juan Luis; Morales, Noelia Martín; … - 2004

, and investment in infrastructures. We employ a generalised least squares AR(1) panel data model. The results provide …

Persistent link: https://www.econbiz.de/10011600070

A Regime-Switching Copula Approach to Modeling Day-Ahead Prices in Coupled Electricity Markets (Pre-print)

Pircalabu, Anca - 2017

The recent price coupling of many European electricity markets has triggered a fundamental change in the interaction of day-ahead prices, challenging additionally the modeling of the joint behavior of prices in interconnected markets. In this paper we propose a regime-switching AR-GARCH copula...

Persistent link: https://www.econbiz.de/10012963695

Why bayes rules : a note on Bayesian vs. classical inference in regime switching models

Gärtner, Dennis - 2007

By means of a very simple example, this note illustrates the appeal of using Bayesian rather than classical methods to produce inference on hidden states in models of Markovian regime switching. -- Bayesian analysis ; switching regression ; regime changes ; nonlinear filtering

Persistent link: https://www.econbiz.de/10003892453

Channelling domestic savings into productive investment under asymmetric information : the essential role of foreign direct investment

Razin, Asaf; Tsadḳah, Efrayim; Yuen, Chi-Wa - 1997

Persistent link: https://www.econbiz.de/10000978065

Channelling domestic savings into productive investment under asymmetric information : the essential role of foreign direct investment

Razin, Asaf; Tsadḳah, Efrayim; Yuen, Chi-Wa - 1998

Persistent link: https://www.econbiz.de/10000984371

Natural resources, investment and long-term income

Papyrakis, Elissaios; Gerlagh, Reyer - 2004

We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

Persistent link: https://www.econbiz.de/10011603136