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will probably be irrelevant in doing empirical analysis. Existence of nonlinearity in financial markets has been argued by … regarded nonlinearity tests. In addition, the Efficient Market Hypothesis (EMH) was tested in this dissertation for the GCC … stock markets using both the standard linear approach and the more sophisticated nonlinearity tests. Since most of the …
Persistent link: https://www.econbiz.de/10009430941
This research advances four theoretical approaches in an attempt to relate the banking activities to the real economic activities. It starts with the Schumpeter’s circular flow of creditary production that argues that the banks start the production cycle for offering the credits that enable...
Persistent link: https://www.econbiz.de/10009428994
We introduce a diffusion of innovation model based on a network threshold approach. Realistic network and threshold data were gathered regarding the diffusion of new software tools within part of a large organization. Novel model features are a second threshold for innovation rejection and a...
Persistent link: https://www.econbiz.de/10009476649
schemes in operation. Approximately 16 per cent of the economically active population are members of medical schemes. White … beneficiaries represent 19 per cent of the total population; black beneficiaries increased by 422.1 per cent, while Whites increased …
Persistent link: https://www.econbiz.de/10009480497
Traditional macroeconometric models of the Australian economy estimate the behaviour of wage and price inflation separately, thereby ignoring the possibility that there is a contemporaneous relationship between these two variables. This thesis follows a recent trend emerging in other small open...
Persistent link: https://www.econbiz.de/10009438087
We study the behavior of real exchange rates in a two-country dynamic equilibrium model. In this model, consumers can only consume domestic goods but can invest costlessly in capital stocks of both countries. Nevertheless, transporting goods between the two countries is costly and, hence, the...
Persistent link: https://www.econbiz.de/10009440709
We examine two distinct and important dimensions (e.g. symmetry vs. asymmetry and linearity vs. nonlinearity) of price …
Persistent link: https://www.econbiz.de/10009444363
This study focused on the interrelationships among producer, auction and world prices. In so doing, it criticized previous studies and extended technique developed by Hansen (1999) to handle inferential biases occurring as a result of specification errors. The following results were found:...
Persistent link: https://www.econbiz.de/10009444810
The logistic regression models has been widely used in the social and natural sciences and results from studies using this model can have significant impact. Thus, confidence in the reliability of inferences drawn from these models is essential. The robustness of such inferences is dependent on...
Persistent link: https://www.econbiz.de/10009446710
In this dissertation three different economic issues have been analyzed. The firstissue is whether monetary policy rules can improve forecasting accuracy of inflation.The second is whether the preference of a central bank is symmetry or not. The last issueis whether the behavior of aggregate...
Persistent link: https://www.econbiz.de/10009465152