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Im Mittelpunkt der Arbeit steht die theoretische und empirische Analyse von Angebot und Nachfrage auf den Im- und Exportmärkten. Sie ist mit dem Ziel verknüpft, die Reagibilität von Preisen und Mengen im Außenhandel in Bezug auf Änderungen des realen Wechselkurses und der wirtschaftlichen...
Persistent link: https://www.econbiz.de/10008791347
This paper contemplates the robustness of Thirlwall's Law, a parsimonious expression that relates long run equilibrium growth in any one region to the product of world income growth and the ratio of the income elasticities of demand for exports and imports. Various extensions of the...
Persistent link: https://www.econbiz.de/10010744687
Persistent link: https://www.econbiz.de/10001594325
cointegration is applied. The empirical results suggest that Thirlwall's law holds for Turkey. This study also suggests some policy …
Persistent link: https://www.econbiz.de/10010598617
, using time series data. ADF unit root test is employed to check for stationarity. ARDL and DOLS approaches to cointegration … have been used to explore the long run relation and ECM to understand short run dynamics. The predictive properties DOLS …
Persistent link: https://www.econbiz.de/10008805480
In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1997) to Coe and … dynamic OLS (DOLS) estimations produce different predictions about the impact of foreign R&D on total factor productivity (TFP …
Persistent link: https://www.econbiz.de/10005119273
In this paper, we propose new cointegration tests for single equations and panels. In both cases, the asymptotic … possible cointegration across units. …
Persistent link: https://www.econbiz.de/10010699796
macro-econometric estimation, developing an approach to parameter estimation for a widely employed global CGE model, the … reject this common rule of thumb. We conclude that there is much to be gained by nesting CGE models within an estimation …
Persistent link: https://www.econbiz.de/10009364778
Persistent link: https://www.econbiz.de/10005061340
are broadly supportive of standard RBC theory, with the finding that up to 60% of transitory fluctuations are caused by …
Persistent link: https://www.econbiz.de/10005423007