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standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …
Persistent link: https://www.econbiz.de/10009467122
, output decreases in most subsectors after a restrictive monetary shock. The sectors of electrical and electronic equipment … be explained by the fact that monetary policy works mainly as supply shock in some subsectors. But the identified price … subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …
Persistent link: https://www.econbiz.de/10009433722
Šiame darbe nagrinėjama vyriausybės vykdomos fiskalinės politikos įtaką visuminei paklausai Lietuvoje. Darbe yra apžvelgiama vyriausybės vartojimo išlaidų bei visuminės paklausos komponentų pokyčiai nuo 1995 iki 2007 metų. Teorinėje dalyje aptariamos pagrindinės Keinsistinės...
Persistent link: https://www.econbiz.de/10009479196
Persistent link: https://www.econbiz.de/10012014620
We contribute to the task of identifying trends and cycles in energy prices by examining very long series of prices for coal and oil, going back to 1650 in the case of coal and 1859 in the case of oil. We find annual rates of increase in real price of greater than two percent are found for coal...
Persistent link: https://www.econbiz.de/10009435028
oil is not affected by oil price shock. However, Thailandpossessing a number of natural resources other than oil is not …
Persistent link: https://www.econbiz.de/10009442814
In this paper we employ a GMM-based approach to test the restrictions imposed by a two-factor 'market and oil' pricing model when a risk-free asset is assumed to exist. We examine the Australian market which has several interesting features including self-sufficiency in relation to oil, a large...
Persistent link: https://www.econbiz.de/10009451584
This study applies the gravity trade model to assess South Africa-Angola trade potential in the agriculturalsector. A step-by-step example of the model's empirical implementation is also provided. It is found thatthe gravity model, with foundations in the physical sciences, is a useful...
Persistent link: https://www.econbiz.de/10009456190
emissions and income per capita. Recent theory claims that the EKC relationship is driven by falling growth rates associated …
Persistent link: https://www.econbiz.de/10009462839
) or in the opposite direction (so that the increase in the price of oil was primarily due to an oil supply shock … is well understood. Maximum likelihood estimation, which is commonly used for non-linear estimation, is used to estimate …
Persistent link: https://www.econbiz.de/10009464061