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Impact of foreign aid on economic growth in Sierra Leone: Empirical analysis
Kargbo, Philip Michael - 2012
econometric study on aid effectiveness is yet to exist. Using a triangulation of approaches involving the ARDL bounds test … approach and the Johansen maximum likelihood approach to cointegration for the period 1970-2007, we find that foreign aid has a …
Persistent link: https://www.econbiz.de/10010333088
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House prices and tourism development in Cyprus: A contemporary perspective
Alola, Andrew A.; Asongu, Simplice; Alola, Uju V. - 2019
Lag (ARDL)-bound test model. The empirical results indicate a significant evidence of cointegration. Indicatively, an …This study investigates the nexus between tourism development and house prices in the Republic of Cyprus over the … period spanning from 2005Q1 to 2016Q4. Tourism indicators vis-à-vis tourism arrivals along with other explanatory variables …
Persistent link: https://www.econbiz.de/10012389122
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Dynamic speculative behaviors and mortgage bubbles in the real estate market of mainland China
Wang, Sheng - In: Journal of Finance and Investment Analysis 1 (2012) 1, pp. 1-54
It is systemic to expound how that the speculative behaviors are driven by the number of a series housing policies promulgated by China's government for the real estate market. The market is resulted in full of speculative behaviors, and has been booming since the beginning of this decade, even...
Persistent link: https://www.econbiz.de/10010286822
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A further step into the ELGH and TLGH for Spain and Italy
Cortés_Jiménez, Isabel; Pulina, Manuela - 2006
expansion of tourism. Cointegration techniques and the multivariate Granger causality test are applied. Results reveal that …Nowadays many developing countries focus on economic policies for promoting international tourism and exports expansion … and economic growth is still ongoing. When treating the relationship between tourism and economic growth, considering …
Persistent link: https://www.econbiz.de/10010312651
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Bayesian Averaging over Many Dynamic Model Structures with Evidence on the Great Ratios and Liquidity Trap Risk
Strachan, Rodney W.; van Dijk, Herman K. - 2008
A Bayesian model averaging procedure is presented that makes use of a finite mixture of many model structures within the class of vector autoregressive (VAR) processes. It is applied to two empirical issues. First, stability of the Great Ratios in U.S. macro-economic time series is investigated,...
Persistent link: https://www.econbiz.de/10010325721
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A Stable Model for Euro Area Money Demand: Revisiting the Role of Wealth
Beyer, Andreas - 2009
In this paper we present an empirically stable money demand model for Euro area M3. We show that housing wealth is an important explanatory variable of long-run money demand that captures the trending behaviour of M3 velocity, in particular its shift in the first half of this decade. We show...
Persistent link: https://www.econbiz.de/10011605157
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Common trends and common cycles among interest rates of the G7-countries
Lindenberg, Nannette; Westermann, Frank - 2009
operandi to analyze the time series characteristics of interest rates and to test for common features. We conduct cointegration …
Persistent link: https://www.econbiz.de/10010264545
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Consumption and population age structure
Erlandsen, Solveig; Nymoen, Ragnar - 2004
In this paper the effects on aggregate consumption of changes in the age distribution of the population are analysed empirically. Economic theories predict that age influences individuals’ saving and consumption behaviour. Despite this, age structure effects are rarely controlled for in...
Persistent link: https://www.econbiz.de/10010284297
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Determinants of public health expenditures in Pakistan
Abbas, Faisal; Hiemenz, Ulrich - 2011
analyzed using cointegration and error correction approaches. All variables were found to be first difference stationary and …
Persistent link: https://www.econbiz.de/10010323662
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Google-haut Suomen asuntojen hintojen ennustajana
Widgrén, Joona - 2016
This report examines whether Google search queries can be used to predict the present and the near future house prices in Finland. Compared to a simple benchmark model, Google searches improve the prediction of the present house price index by 7.5 % measured by mean absolute error. In addition,...
Persistent link: https://www.econbiz.de/10012037683