Showing 1 - 10 of 575
Persistent link: https://www.econbiz.de/10002110265
The path of output prior to the financial and economic crisis turned out to be not sustainable and lower than previously estimated in some European crisis countries. Specifically, the output gaps have been underestimated (and inversely potential output overestimated) before the recent crisis. It...
Persistent link: https://www.econbiz.de/10010416360
Persistent link: https://www.econbiz.de/10002240663
We examine the empirical relation between CO2 emissions per capita and GDP per capita during the period 1960-1996, using a panel of 100 countries. Relying on the nonparametric poolability test of Baltagi et al. (1996), we find evidence of structural stability of the relationship. We then specify...
Persistent link: https://www.econbiz.de/10003051074
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10003728591
large economies, USA, United Kingdom, Germany, France and Japan. The empirical results show that although the pure NGARCH …
Persistent link: https://www.econbiz.de/10003670896
Persistent link: https://www.econbiz.de/10001945539
The components of GDP (residential investment, durables, nondurables, equipment and software, and business structures) display a pronounced lead-lag structure. We investigate the implications of this lead-lag structure for the cross-section of asset returns. We find that the leading GDP...
Persistent link: https://www.econbiz.de/10009745579
This paper considers the effects of inaccurate real-time output data on fiscal policy, both with respect to budgetary planning and fiscal surveillance. As newer and better information becomes available, output data available in real time get revised and are likely to conflict with final figures...
Persistent link: https://www.econbiz.de/10010459912
innovative technology within this trajectory. As for the diffusion of SC, the paper concentrates on Germany, USA, China and Japan … has established a lead market for SC technology. In the meanwhile, Japan has surpassed the United States, although it … comparative advantages in terms of prices, demand and market structure, Japan has caught up in terms of transfer advantage and …
Persistent link: https://www.econbiz.de/10003745105