Showing 1 - 10 of 3,098
variance in the real exchange rate for Finland and Sweden. …
Persistent link: https://www.econbiz.de/10010321757
records from Finland and U.S. Census data. We illustrate that their interpretation depends on sampling properties of the data …
Persistent link: https://www.econbiz.de/10015165728
Since the end of the 2000s, the question of the decline of French medium-sized towns has become central within the scientific and public debate. More specifically, two processes are underlined: the devitalisation of city centres on the one hand, and urban shrinkage on the other hand. The...
Persistent link: https://www.econbiz.de/10012496891
The study concentrates on an analysis of the Czech stock market performed by an application of DCC MV GARCH model of Engle (2002). Data sample including years from 1994 to 2009 is represented by daily returns of Prague Stock Exchange index and other 11 major stock indices. There is found an...
Persistent link: https://www.econbiz.de/10010322302
Using two different measures of immigrant labour-market integration (the ratio between immigrant unemployment to native unemployment, and the ratio of employment rate among natives and immigrants) this paper tests six suggested explanations of why immigrants are less likely than natives to be...
Persistent link: https://www.econbiz.de/10011790214
Empirical observations show that education helps to protect against labor market risks. This is twofold: The higher educated face a higher expected wage income and a lower probability of being unemployed. Although this relationship has been analyzed in the literature broadly, several questions...
Persistent link: https://www.econbiz.de/10010263735
We extend the analysis of Christoffersen and Diebold (1998) on long-run forecasting in cointegrated systems to multicointegrated systems. For the forecast evaluation we consider several loss functions, each of which has a particular interpretation in the context of stock-flow models where...
Persistent link: https://www.econbiz.de/10010260703
We investigate how firms' market power affects the price level. In our small macro-model we show, that firms - in addition to hypothesised structural mark-up pricing power - may take advantage of favourable business cycle fluctuations. The paper provides empirical evidence for both these...
Persistent link: https://www.econbiz.de/10010285941
The rapidly growing literature on the relationship between energy consumption and economic growth has not univocally identified the real causal relationship yet. We argue that bivariate models, which analyze the causality at the level of the total economy, are not appropriate - especially in...
Persistent link: https://www.econbiz.de/10010286742
The Johansen procedure for testing and estimating cointegration models is analysed from a practitioner's perspective …. We adress the robustness of the cointegration tests in small samples and with respect to particular types of … short-run parameters in the model respectively. Power properties and finite sample performance for the cointegration test …
Persistent link: https://www.econbiz.de/10012143548