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Does Income Converge among EU Member Countries following the Post-War Period? Evidence from the PANKPSS Test

Ozcan, Burcu - In: Journal for Economic Forecasting (2014) 3, pp. 22-38

In this study, we examine both stochastic and deterministic convergence in the logarithm of the relative per capita income of eighteen EU countries. The panel stationary test developed by Carrion-i Silvestre et al. (2005) is employed over the period 1950-2010. The univariate results attained...

Persistent link: https://www.econbiz.de/10010938021

Granger causality between debt and growth: Evidence from OECD countries

Puente-Ajovín, Miguel; Sanso-Navarro, Marcos - In: International Review of Economics & Finance 35 (2015) C, pp. 66-77

This paper analyzes the possible presence of Granger causality between debt and growth in 16 OECD countries from 1980 to 2009. This is done considering not only government debt but also non-financial corporate and household debt. The panel bootstrap Granger causality test applied allows us to...

Persistent link: https://www.econbiz.de/10011077055

On Asymmetric Business Cycle Effects on Convergence Rates: Some European Evidence

María-Dolores, Ramón; Sancho, Israel - Society for Computational Economics - SCE - 2004

In this paper, we provide empirical evidence for some European countries, over the period 1963-2000, on whether business cycle affects convergence process or catching-up. To do so, we first evaluate beta-convergence. We find evidence in favour of this type of convergence for six countries...

Persistent link: https://www.econbiz.de/10005345285

R&D Races and Spillovers between the EU and the US: Some Causal Evidence

Atukeren, Erdal - KOF Swiss Economic Institute, Department of Management, … - 2005

-cause of both R&D and economy-wide productivity in the US, and the effects are negative. On the other hand, the EU reacts … positively to increases in R&D productivity in the US. Thus, the US can be said to respond submissively to an R&D move by the EU … with the actual developments in the productivity differentials between the EU and the US and the patterns in their relative …

Persistent link: https://www.econbiz.de/10005515976

Government Outlays, Economic Growth and Unemployment: A VAR Model

Abrams, Burton A.; Wang, Siyan - Department of Economics, Lerner College of Business and … - 2007

This paper examines the dynamic effects of government outlays on economic growth and the unemployment rate in the context of vector autoregression. We utilize data from 20 OECD countries over three recent decades. Our main conclusions are: (1) positive shocks to government outlays will slow down...

Persistent link: https://www.econbiz.de/10005487460

Türkiye’de enerji tüketimi ve ekonomik büyüme: 1960-2000

ŞENGÜL, Seda; TUNCER, İsmail - In: Iktisat Isletme ve Finans 21 (2006) 242, pp. 69-80

Sanayileşme ve kentleşme ile birlikte iktisadi faaliyetlerde enerji kullanımı giderek artmaktadır. Bu nedenle enerji tüketimi ve ekonomik büyüme arasındaki nedensellik ilişkileri uygulanacak enerji politikaları açısından önemlidir. Bu çalışmada, ticari enerji kullanımı, reel...

Persistent link: https://www.econbiz.de/10005489658

Are U.S. regions converging? Using new econometric methods to examine old issues

Vogelsang, Timothy J.; Tomljanovich, Marc - In: Empirical Economics 27 (2002) 1, pp. 49-62

Are different regions of the United States experiencing convergence in levels of GDP? Carlino and Mills (1993) examined this question through time-series techniques, and found some evidence in favor of regional convergence. This paper checks the robustness of their results by using new...

Persistent link: https://www.econbiz.de/10005382297

STRUCTURAL BREAKS IN TRADE AND INCOME PER CAPITA IN ASEAN-5 COUNTRIES: AN APPLICATION OF INNOVATIONAL OUTLIER MODELS

JAYANTHAKUMARAN, Kankesu; PAHLAVANI, Mosayeb - In: Applied Econometrics and International Development 7 (2007) 2

The founder members of the Association of Southeast Asian Nations (ASEAN-5) – Malaysia, Indonesia, Thailand, the Philippines and Singapore – increasingly adopted outward-oriented policies in trade and investment by enforcing reforms in the mid-1980s. This paper investigates the existence of...

Persistent link: https://www.econbiz.de/10005406764

MODELLING ECONOMIC FLUCTUATIONS IN SUBSAHARAN AFRICA:A VECTOR AUTOREGRESSIVE APPROACH

NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2004

(the cumulative effect of permanent shocks to productivity)underlies the bulk of economic fluctuations. If confirmed, this will imply … large class of real business cycle models(identifying permanent productivity shocks as shocks to the common stochastic …

Persistent link: https://www.econbiz.de/10005412719

Income convergence: the Dickey-Fuller test under the simultaneous presence of stochastic and deterministic trends

Gómez, Manuel; Ventosa-Santaulària, Daniel - Volkswirtschaftliche Fakultät, … - 2007

We investigate the efficiency of the Dickey-Fuller (DF) test as a tool to examine the convergence hypothesis. In doing so, we first describe two possible outcomes, overlooked in previous studies, namely Loose Catching-up and Loose Lagging-behind. Results suggest that this test is useful when the...

Persistent link: https://www.econbiz.de/10011107709