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This paper employs Vector Autoregression (VAR) models to measure the impact of monetary policy shocks on regional output in Indonesia. Having incorporated a possible structural break following the aftermath of the 1997-98 Asian Crisis, the impulse response functions derived from the estimated...
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This paper examines the long-run trends in per-capita income across the US states (1929-2005). Our analysis advocates and implements a Vector Error Correction Model (VECM), in order to investigate whether disparities in per-capita income embody a stable long-run relation. The empirical...
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This paper examines the long-run trends in per-capita income across the US states (1929-2005). Our analysis advocates and implements a Vector Error Correction Model (VECM), in order to investigate whether disparities in per-capita income embody a stable long-run relation. The empirical...
Persistent link: https://www.econbiz.de/10013074631
economic systems of regions. Based on an extensive set of economic data for Finnish regions, the existence of cointegration is … similar results and confirm cointegration for the relevant data on Finnish regions. This long-run relationship in Finland … appears to be very similar to that found elsewhere in the literature. Okuns Law ; (hidden) cointegration ; asymmetry …
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