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of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005622096
Based on a cash-in-advance approach, this paper investigates theoretically the determinants of money holdings of firms under the conditions of a highly regulated labor market and analyses empirically the demand for money of German businesses during the period 1960-1998. As a result of our...
Persistent link: https://www.econbiz.de/10008462103
of comparable VAR that fails to recognize that the system is characterized by cointegration. I use Monte Carlo simulation … knowledge of cointegration rank. Furthermore the results indicate that a cointegration modeling of credit risk should be favored …
Persistent link: https://www.econbiz.de/10005789941
panel cointegration estimation techniques to an expanded data set that we have constructed for the purpose of this study …
Persistent link: https://www.econbiz.de/10005768791
Using the notions of unit root, cointegration theory and Granger-Akaike’s synthesis of modelling strategy, this paper … examines the nature of stationarities, cointegration properties and Granger causal relationship between domestic savings and … majority of countries, with the exceptions of Bolivia and Korea. The cointegration test results based on the Johansen and …
Persistent link: https://www.econbiz.de/10005009719
Last year’s foreign investment was actually higher than for the years 2008, 2009, and 2010 combined.
Persistent link: https://www.econbiz.de/10010860679
the effects of China's economic growth on its current account. The results showed that as China switches from exports to … domestic demand as a key driver for economic growth, China's trade surplus would be expected to shrink rather quickly. …
Persistent link: https://www.econbiz.de/10010875309
This article examines the causal relationship between human capital and real income using data for China from 1960 to …
Persistent link: https://www.econbiz.de/10010837252
This paper studied the cointegration and causality relations between China's energy consumption and economic growth. It … concludes that there is bi-directional causality, but no cointegration, between them; therefore, China may have underestimated …
Persistent link: https://www.econbiz.de/10010670043
and the world�s largest trade surplus alongside a booming economy makes China a unique case study. Using the bounds …-testing approach to cointegration and error correction modeling proposed by Pesaran et al. (2001), we estimate a reduced form model for … China. The findings suggest that devaluation of the Yuan is contractionary in the short run but expansionary in the long run. …
Persistent link: https://www.econbiz.de/10005766959