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A turning point chronology for the Euro-zone
Billio, Monica; Anas, Jacques; Ferrara, Laurent; Duca, … - Dipartimento di Economia, Università Ca' Foscari Venezia - 2007
We propose a dating process for the business and growth Euro-zone cycles. This process is a result of a non parametric algorithm and diverse criteria assessment (duration, deepness, diffusion, synchronisation), as well as of “expert judgments” based on a combination of the following...
Persistent link: https://www.econbiz.de/10005113404
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Causal Relationship Between Exports and Agricultural GDP in Pakistan
Memon, Manzoor Hussain; Baig, Waqar Saleem; Ali, Muhammad - Volkswirtschaftliche Fakultät, … - 2008
-run relationship. There is also a bi-directional Granger-causality between the total exports and agricultural GDP. However, for short …
Persistent link: https://www.econbiz.de/10005835581
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The Causal Relationship Between Government Revenue and Expenditure in Namibia
Eita, Joel Hinaunye; Mbazima, Daisy - Volkswirtschaftliche Fakultät, … - 2008
government expenditure using Granger causality test through cointegrated vector autoregression (VAR) methods for the period the … period 1977 to 2007. The paper tests whether government revenue causes government expenditure or whether the causality runs … from government expenditure to government revenue, and if there is bi-directional causality. The results show that there is …
Persistent link: https://www.econbiz.de/10005619314
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Turning point chronology for the Euro-Zone: A Distance Plot Approach.
Addo, Peter Martey; Billio, Monica; Guegan, Dominique - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013
We propose a transparent way of establishing a turning point chronology for the Euro-zone business cycle. Our analysis is achieve by exploiting the concept of recurrence plots, in this case distance plot, to characterize and detect turning points in the business cycle for any economic system....
Persistent link: https://www.econbiz.de/10010628505
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Turning point chronology for the Euro-Zone: A Distance Plot Approach.
Addo, Peter Martey; Billio, Monica; Guegan, Dominique - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013
We propose a transparent way of establishing a turning point chronology for the Euro-zone business cycle. Our analysis is achieved by exploiting the concept of recurrence plots, in particular distance plots, to characterize and detect turning points of the business cycle. Firstly, we apply the...
Persistent link: https://www.econbiz.de/10010711870
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Trade linkages and growth in Latin America: A time-varying SVAR approach
Winkelried, Diego; Saldarriaga, Miguel - Banco Central de Reserva del Perú - 2012
This paper examines how shocks originated in large economies around the globe have transmitted to the growth rates of Latin American countries. For this purpose, a highly parsimonious structural VAR model – identified through bilateral trade linkages – is proposed, tested, estimated and...
Persistent link: https://www.econbiz.de/10010542218
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The Dynamic Welfare Cost of Stagnation: An Alternative Measure to the Lucas-Obstfeld Model
Miyakoshi, Tatsuyoshi; Okubo, Masakatsu; Shimada, Junji - Graduate School of Economics, Osaka University - 2007
This paper proposes an alternative measure to the Lucas-Obstfeld model to analyze the welfare costs of stagnation, and provides a practical illustration of both the Lucas-Obstfeld model and the alternative model. Compared with the Lucas-Obstfeld model, the alternative model can evaluate: (i)...
Persistent link: https://www.econbiz.de/10005710075
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The Dynamic Welfare Costs of the 1997 Asian Crisis
Miyakoshi, Tatsuyoshi; Okubo, Masakatsu; Shimada, Junji - Graduate School of Economics, Osaka University - 2007
This paper has measured the welfare cost, investigated the effects of and the recovery process of the 1997 Asian crisis, and evaluated the IMF-supported programs. The paper finds: (i) the ratios of ewhole costf to the consumption level of the hypothetical economy are large: 30% for Thailand, 50%...
Persistent link: https://www.econbiz.de/10005710094
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Evidence and Ideology in Macroeconomics: The Case of Investment Cycles
Hillinger, Claude - Volkswirtschaftliche Fakultät, … - 2005
The paper reports the principal findings of a long term research project on the description and explanation of business cycles. The research strongly confirmed the older view that business cycles have large systematic components that take the form of investment cycles. These quasi-periodic...
Persistent link: https://www.econbiz.de/10005187273
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MODELLING ECONOMIC FLUCTUATIONS IN SUBSAHARAN AFRICA:A VECTOR AUTOREGRESSIVE APPROACH
NWAOBI, DR. GODWIN CHUKWUDUM - EconWPA - 2004
A controversial result of some current research on the real business cycles is the claim that a common stochastic trend(the cumulative effect of permanent shocks to productivity)underlies the bulk of economic fluctuations. If confirmed, this will imply that many other forces have been relatively...
Persistent link: https://www.econbiz.de/10005412719