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Cycles inside cycles : Spanish regional aggregation

Gadea, Maria Dolores; Gómez-Loscos, Ana; Montañés, … - In: SERIEs : Journal of the Spanish Economic Association 3 (2012) 4, pp. 423-456

This paper sets out a comprehensive framework to identify regional business cycles within Spain and analyses their stylised features and the degree of synchronisation both within them and between them and the Spanish economy. We show that the regional cycles are quite heterogeneous although they...

Persistent link: https://www.econbiz.de/10010078111

Hedging Italian equity mutual fund returns during the recent financial turmoil : a duration-dependent Markov-switching approach

Zagaglia, Paolo - In: Journal of applied finance & banking 3 (2013) 3, pp. 325-337

We study optimal hedging design for returns on an Italian equity mutual fund index since 2008. Alternative hedging instruments include one-month futures contracts for FTSE-MIB, FTSE100 and Xetra DAX. We use bivariate models of our Italian equity mutual fund index and each hedging instrument to...

Persistent link: https://www.econbiz.de/10010148077

Responsiveness of trade flows to changes in exchange rate and relative prices : evidence from Nigeria

Oyinlola, M. Abimbola; Adeniyi, Oluwatosin; Omisakin, … - In: International journal of economic sciences and applied … 3 (2010) 2, pp. 123-141

This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria using exports and imports functions. The bounds testing (ARDL) approach to cointegration is applied on a quarterly data from 1980 Q1 to 2007 Q4. The results indicate that in both...

Persistent link: https://www.econbiz.de/10009958054

The dynamics of relationship between exports and economic growth in India

Mishra, P. K. - In: International journal of economic sciences and applied … 4 (2011) 2, pp. 53-70

In this era of open economy, nations are concerned with increasing the quality of life of their citizens. And, the quality of life mainly comes from the macro-economic prosperity. Thus, fast growth of gross domestic Product has become the most important objective of any economy. There are...

Persistent link: https://www.econbiz.de/10009958076

Energy consumption, income and price interactions in Saudi Arabian economy : a vector autoregression analysis

Ibrahim, Mohamed Abbas - In: Advances in management & applied economics 1 (2011) 2, pp. 1-21

This paper presents an empirical analysis of the interactions among energy consumption, real income and energy price in Saudi Arabia using annual data from 1982 to 2007. We analyzed the dynamic interaction by applying widely used time series analysis techniques such as unit root tests, Vector...

Persistent link: https://www.econbiz.de/10009958475

Economic growth in Latin America : structural breaks or fundamentals?

Chumacero, Rómulo A.; Fuentes, J. Rodrigo - In: Estudios de economía 33 (2006) 2, pp. 141-154

Despite having accumulated physical and human capital at significant rates, Latin America's growth has been generally disappointing. Successful growth episodes have been accompanied by surges in TFP, sound and stable macroeconomic policies, and fewer distortions and government interventions....

Persistent link: https://www.econbiz.de/10009959072

A non-parametric approach of heteroskedasticity robust estimation of Vector-Autoregressive (VAR) models

Grobys, Klaus - In: Journal of finance and investment analysis 1 (2012) 1, pp. 55-67

bootstrap methodologies are available which are able to generate heteroskedasticity robust parameter estimates. However, common … bootstrap methodology to different VAR models, taking into account empirical stock market data of the FTSE 100, DAX 30 and S …&P 500. A comparison shows that the t-values of the bootstrap models' parameters are considerably lower than the ordinary …

Persistent link: https://www.econbiz.de/10010079546

Factors that influence Indian propensity to invest in the real estate market

Gill, Amarjit; Herbert, Gregory D.; Mand, Harvinder S.; … - In: Journal of finance and investment analysis 1 (2012) 2, pp. 137-156

This study examines the factors that positively influence the propensity of Indian investors to invest in the real estate market. This paper also seeks to extend the findings of Gill and Biger [1]. Individuals from India were surveyed to find out their perceptions, feelings, and beliefs on the...

Persistent link: https://www.econbiz.de/10010079551

Multi-interregional economic impact analysis based on multi-interregional input output model consisting of 7 regions of Vietnam, 2000

Trinh, Bui; Kobayashi, Kiyoshi; Quang, Thai Nguyen; … - In: Journal of finance and investment analysis 1 (2012) 2, pp. 83-117

I/O models have been widely used to assess the impacts of many changes in an economy. An I/O model is also an important tool to make forecasts and the results from an I/O model are very helpful in many policy-making processes. Many scientific findings in economics have to give credit to the I/O...

Persistent link: https://www.econbiz.de/10010079553

Verdoorn-Kaldor’s law : an empirical analysis with time series data in the United States

Castiglione, Concetta - In: Advances in management & applied economics 1 (2011) 3, pp. 135-151

Verdoorn's law refers to a statistical relationship between the long-run growth rate of labour productivity and the growth rate of output, usually for the manufacturing sector. Since the sixties this relationship has been examined in a large number of studies using a wide variety of data sets...

Persistent link: https://www.econbiz.de/10010009041