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Net worth ratio and financial instability
Watanabe, Toshio - In: Journal of economic structures : JES; the official … 2 (2013), pp. 1-18
In order to better understand relationships between the real economy and financial economy, it is necessary to formulate a model of financing. New Keynesian theory emphasizes that a firm’s net worth influences investment decisions and business cycles under an imperfect capital market. We have...
Persistent link: https://www.econbiz.de/10010186054
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The day-of-the-week effect for Istanbul stock exchange : a stochastic dominance approach
Başdaş, Ülkem - In: Journal of applied finance & banking 1 (2011) 4, pp. 223-238
Using the Stochastic Dominance (SD) approach, this paper revisits the day-of-the-week effect for a developing market, the Istanbul Stock Exchange (ISE). SD results provide different results independent of distribution assumptions. The results indicate that Monday and Tuesday cannot be dominated...
Persistent link: https://www.econbiz.de/10010009094
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The external finance premium and the financial accelerator : the case of Turkey
Cambazoglu, Birgul; Karaalp, Hacer Simay - In: International journal of economic sciences and applied … 6 (2013) 1, pp. 103-121
The monetary transmission mechanisms have influence on saving and investment decisions of firms and households by affecting their balance sheets. This study examines the effects of monetary policy through the balance sheet channel (also known as ‘financial accelerator’), which affects net...
Persistent link: https://www.econbiz.de/10010160671
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Did financial market integration really happen in MENA region? : an analysis
Paskelian, Ohannes George; Nguyen, Chu V.; Jones, Kevin - In: Journal of economic cooperation & development 34 (2013) 1, pp. 111-133
Persistent link: https://www.econbiz.de/10010159726
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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
using exports and imports functions. The bounds testing (ARDL) approach to cointegration is applied on a quarterly data from …
Persistent link: https://www.econbiz.de/10009958054
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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
period 1970 to 2009. Applying popular time series econometric techniques of cointegration and vector error correction … estimation, the study provides the evidence of stationarity of time series variables, existence of long-run equilibrium relation … vector error correction model estimation. -- export-led growth hypothesis ; India ; GDP ; Granger causality ; error …
Persistent link: https://www.econbiz.de/10009958076
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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
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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
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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
human capital and a low unemployment rate are also more synchronized. The implications derived from our results are useful …
Persistent link: https://www.econbiz.de/10010078111
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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
This contribution studies the application of heteroskedasticity robust estimation of Vector-Autoregressive (VAR) models … ; heteroskedasticity robust estimation ; non-parametric approach ; stock market data …
Persistent link: https://www.econbiz.de/10010079546