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In an a priori view, it is usually assumed that the business cycle of manufacturing industries leads the business cycle of the service sector. This seems to be even more plausible for the relationship between business-related services, whose high growth rates in recent years were largely due to...
Persistent link: https://www.econbiz.de/10011442943
survey data that cover the last decades we find significant positive correlations. Using instrumental variables estimation …
Persistent link: https://www.econbiz.de/10010416210
Persistent link: https://www.econbiz.de/10002038932
Following the well-known approach by Adler and Dumas (1984) we evaluate the foreign exchange rate exposure of nations. Results based on data from 27 countries show that national foreign exchange rate exposures are significantly related to the current trade balance variables of corresponding...
Persistent link: https://www.econbiz.de/10003412063
explains the concept of panel unit roots and panel cointegration and introduces the underlying empirical approach. Next …
Persistent link: https://www.econbiz.de/10002590847
-stationarity of hours worked. In addition, taking these results together, there is no indication of cointegration among the individual …
Persistent link: https://www.econbiz.de/10003314703
bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and … results from different cointegration methodologies and explicitly control for instability in cointegration relationships and … covering 20 years. In line with previous studies, the empirical results indicate several cointegration relationships between …
Persistent link: https://www.econbiz.de/10008652070
This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10011444593
, bivariate and multivariate cointegration techniques are used to assess the degree of integration in four loans and two deposit …
Persistent link: https://www.econbiz.de/10011447291
Persistent link: https://www.econbiz.de/10002137150