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Artículo de revista ; The COVID-19 pandemic has had a major impact on the recent performance of the Spanish commercial real estate market. In particular, the crisis has led to a sharp decrease in non-residential investment and has triggered a correction in sale prices, transaction numbers and...
Persistent link: https://www.econbiz.de/10012939174
A structural break is viewed as a permanent change in the parameter vector of a model. Using taxonomies of all sources of forecast errors for both conditional mean and conditional variance processes, we consider the impacts of breaks and their relevance in forecasting models: (a) where the...
Persistent link: https://www.econbiz.de/10009441390
determining the relationship among markets remains unclear. The cointegration framework, OLS and principal component regressions … are applied in order to investigate the influence of geographical distance on the cointegration relationship between … relation between distance and the elasticity of cointegration. Moreover, the region in which the market is located and a better …
Persistent link: https://www.econbiz.de/10009443372
determining the relationship among markets remains unclear. The cointegration framework, OLS and principal component regressions … are applied in order to investigate the influence of geographical distance on the cointegration relationship between … relation between distance and the elasticity of cointegration. Moreover, the region in which the market is located and a better …
Persistent link: https://www.econbiz.de/10009446334
This paper investigates the existence of cointegration and causality between the stock market price indices of Thailand … obtained from these two residual-based cointegration tests, potential long-run benefits exist from diversifying the investment …
Persistent link: https://www.econbiz.de/10009457622
While much attention has focused on the modelling of the interdependencies between key aggregates and stock indices in industrialised countries, this thesis is focused on investments in emerging markets and real estate – two research branches that have up to now not been investigated to a...
Persistent link: https://www.econbiz.de/10009450173
In form of a qualitative single case study this thesis examines what people from industrialized countries such as Germany can learn about sustainability from Lynedoch EcoVillage, South Africa, and the associated 'Sustainability Institute', a non-profit trust based at and operating from Lynedoch...
Persistent link: https://www.econbiz.de/10009461026
Evolving openness to trade is hard to measure, despite its relevance to models of growth, inflation and exchange rates … andexchange rate. The evidence for South Africa suggests that increased openness has significantly reduced the mean inflation rate …
Persistent link: https://www.econbiz.de/10009441495
Inflation is a far from homogeneous phenomenon, a fact often neglected in modeling consumer price inflation. Using a … sectoral sources of inflation, useful to monetary policy. Data for 1979 to 2003 are used for model selection, and pseudo out of …
Persistent link: https://www.econbiz.de/10009441521
Inflation targeting is a forward-looking framework for monetary policy that has brought unprecedented transparency to …) Monetary Policy Committee (MPC) has, since the introduction of inflation targeting, successfully communicated to the public its …
Persistent link: https://www.econbiz.de/10009480479