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energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector error …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international …
Persistent link: https://www.econbiz.de/10003974670
energy consumption and economic growth. -- Energy consumption ; panel unit roots ; panel cointegration ; vector …-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international … Langfristbeziehung differenziert werden. In der Tat deutet Kointegration zwischen den gemeinsamen Faktoren der zugrundeliegenden …
Persistent link: https://www.econbiz.de/10003975447
Persistent link: https://www.econbiz.de/10009383055
-run relationship. Indeed, cointegration between the common components of the underlying variables indicates that international …
Persistent link: https://www.econbiz.de/10013069644
this paper, we adopt a global cointegration approach recently proposed by Bienstock and Felsenstein (2010) to account for …
Persistent link: https://www.econbiz.de/10011411665
existence of an East German wage curve. Due to the nonstationarity of spatial data, a global panel cointegration approach is …
Persistent link: https://www.econbiz.de/10011704322
real house prices on CPI inflation and GDP growth is investigated at the national level using an in sample and out of …. While the impact of real house prices on CPI inflation seems to be rather strong, GDP growth may not be heavily affected …. Real house prices do not cause GDP growth, and point forecasts of GDP growth are not improved if the house price evolution …
Persistent link: https://www.econbiz.de/10011550681
Recent empirical studies have found evidence of unstable long run money demand functions if recent data are used. If the link between money balances and the macroeconomy is fragile, the rationale of monetary aggregates in the ECB strategy has to be doubted. In contrast we present a "stable''...
Persistent link: https://www.econbiz.de/10011518878
Monetary growth in the euro area has exceeded its target since several years. At the same time, the money demand … of money demand. This presumption is explored by means of a cointegration analysis. To separate income from wealth …
Persistent link: https://www.econbiz.de/10011518893
Persistent link: https://www.econbiz.de/10011877401