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Energy Consumption and Economic Growth – New Insights into the Cointegration Relationship
Belke, Ansgar; Dreger, Christian; de Haan, Frauke - 2010
This paper examines the long-run relationship between energy consumption and real GDP, including energy prices, for 25 OECD countries from 1981 to 2007. The distinction between common factors and idiosyncratic components using principal component analysis allows to distinguish between...
Persistent link: https://www.econbiz.de/10010273561
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Energy consumption and economic growth: New insights into the cointegration relationship
Belke, Ansgar; Dreger, Christian; de Haan, Frauke - 2010
This paper examines the long-run relationship between energy consumption and real GDP, including energy prices, for 25 OECD countries from 1981 to 2007. The distinction between common factors and idiosyncratic components using principal component analysis allows to distinguish between...
Persistent link: https://www.econbiz.de/10010274071
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Common and spatial drivers in regional business cycles
Artis, Michael J.; Dreger, Christian; Kholodilin, … - 2009
We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model … decades in the euro area and the US. Ongoing business cycle convergence often detected in a country data is not confirmed at … the regional level. The degree of synchronization across the euro area is similar to that to be found for the US states …
Persistent link: https://www.econbiz.de/10010274374
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The impact of institutions on the employment performance in European labour markets
Buscher, Herbert S.; Dreger, Christian; Ramos, Raúl; … - 2005
, labour demand equations are fitted in levels by efficient estimation techniques. To account for possible structural change …
Persistent link: https://www.econbiz.de/10010276657
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Zur empirischen Evidenz der Cobb-Douglas-Technologie in gesamtdeutschen Zeitreihen
Dreger, Christian; Schumacher, Christian - 2000
Persistent link: https://www.econbiz.de/10010316347
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Money and Inflation in the euro area during the financial crisis
Dreger, Christian; Wolters, Jürgen - 2011
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …
Persistent link: https://www.econbiz.de/10010286288
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A further examination of the export-led growth hypothesis
Dreger, Christian; Herzer, Dierk - 2011
This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...
Persistent link: https://www.econbiz.de/10010286623