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decomposition. The results indicate that contractionary monetary policy shock, which led to increased external finance premium …, negatively affected the manufacturing sector and decreased total output. In other words, the monetary shock negatively affected …
Persistent link: https://www.econbiz.de/10010160671
Persistent link: https://www.econbiz.de/10010148194
This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria … the estimated price elasticities of export and import demand in Nigeria exceeds unity indicating that the Marshall …
Persistent link: https://www.econbiz.de/10009958054
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
This paper presents an empirical analysis of the interactions among energy consumption, real income and energy price in … causal for energy price, and there is bidirectional causality between energy consumption and income. On the other hand energy … price isn't a Granger causal for either energy consumption or real income. Thus, real income can play an important role in …
Persistent link: https://www.econbiz.de/10009958475
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
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
This contribution studies the application of heteroskedasticity robust estimation of Vector-Autoregressive (VAR) models. VAR models have become one of the most applied models for the analysis of multivariate time series. Econometric standard software usually provides parameter estimators that...
Persistent link: https://www.econbiz.de/10010079546
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
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