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A Pair-Wise Approach to Testing for Output and Growth Convergence
Pesaran, M. Hashem - CESifo - 2004
This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …
Persistent link: https://www.econbiz.de/10005766053
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A Pair-Wise Approach to Testing for Output and Growth Convergence
Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2004
This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs … of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also …-2000. Overall, the results do not support output convergence, and suggest that the findings of convergence clubs in the literature …
Persistent link: https://www.econbiz.de/10005566528
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Identifying the Effects of Sanctions on the Iranian Economy Using Newspaper Coverage
Laudati, Dario; Pesaran, M. Hashem - 2021
This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, and output growth, with the Iranian rial over-reacting to sanctions,...
Persistent link: https://www.econbiz.de/10012657923
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Identifying the effects of sanctions on the Iranian economy using newspaper coverage
Laudati, Dario; Pesaran, M. Hashem - 2021
This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, and output growth, with the Iranian rial over-reacting to sanctions,...
Persistent link: https://www.econbiz.de/10012599150
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Identifying the Effects of Sanctions on the Iranian Economy Using Newspaper Coverage
Laudati, Dario; Pesaran, M. Hashem - 2021
This paper considers how sanctions affected the Iranian economy using a novel measure of sanctions intensity based on daily newspaper coverage. It finds sanctions to have significant effects on exchange rates, inflation, and output growth, with the Iranian rial over-reacting to sanctions,...
Persistent link: https://www.econbiz.de/10013217359
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Long Run Macroeconomic Relations in the Global Economy
Dees, Stephane - 2007
This paper focuses on testing long run macroeconomic relations for interest rates, equity, prices and exchange rates suggested by arbitrage in financial and goods markets. It uses the global vector autoregressive (GVAR) model to test for long run restrictions in each country/region conditioning...
Persistent link: https://www.econbiz.de/10012777728
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Long Run Macroeconomic Relations in the Global Economy
Dees, Stephane; Holly, Sean; Pesaran, M. Hashem; Smith, … - 2011
This paper focuses on testing long run macroeconomic relations for interest rates, equity, prices and exchange rates within a model of the global economy. It considers a number of plausible long run relationships suggested by arbitrage in financial and goods markets, and uses the global vector...
Persistent link: https://www.econbiz.de/10014048990
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Long Run Macroeconomic Relations in the Global Economy
Pesaran, M. Hashem - 2011
This paper presents tests of long run macroeconomic relations involving interest rates, equity, prices and exchange rates suggested by arbitrage in financial and goods markets. It uses the global vector autoregressive (GVAR) model to test for long run restrictions in each country/region...
Persistent link: https://www.econbiz.de/10013132792
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Debt, Inflation and Growth - Robust Estimation of Long-Run Effects in Dynamic Panel Data Models
Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - CESifo - 2013
This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both theoretical and empirical. On the theoretical side, we develop a cross-sectionally augmented distributed lag (CS-DL) approach to the estimation of long-run effects in dynamic...
Persistent link: https://www.econbiz.de/10010721613
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Debt, Inflation and Growth: Robust Estimation of Long-Run Effects in Dynamic Panel Data Models
Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - Faculty of Economics, University of Cambridge - 2013
This paper investigates the long-run effects of public debt and inflation on economic growth. Our contribution is both theoretical and empirical. On the theoretical side, we develop a cross-sectionally augmented distributed lag (CS-DL) approach to the estimation of long-run effects in dynamic...
Persistent link: https://www.econbiz.de/10010714087