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An Empirical Reassessment of the Relationship Between Finance and Growth
Favarra, Giovanni - International Monetary Fund (IMF) - 2003
This paper reexamines the empirical relationship between financial development and economic growth. It presents evidence based on cross-section and panel data using an updated dataset, a variety of econometric methods, and two standard measures of financial development: the level of liquid...
Persistent link: https://www.econbiz.de/10005826253
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Is Russia Still Driving Regional Economic Growth?
Pani, Marco; Jafarov, Etibar; Shiells, Clinton R. - International Monetary Fund (IMF) - 2005
This paper investigates whether the linkages between economic growth in Russia and growth in other countries in the region have weakened over time, particularly following the 1998 Russian crisis. It specifies an econometric model that includes standard growth determinants as well as Russian...
Persistent link: https://www.econbiz.de/10005599404
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In Search of Coincident and Leading Indicators of Economic Activity in Argentina
Simone, Alejandro - International Monetary Fund (IMF) - 2001
Time series on economic activity in developing countries, in particular real GDP, are reported with important lags. Therefore, it is useful to construct indicators that coincide or lead the actual direction and level of economic activity. A general methodology to construct these indicators is...
Persistent link: https://www.econbiz.de/10005604906
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Estimating Indexes of Coincident and Leading Indicators; An Application to Jordan
Mongardini, Joannes; Saadi-Sedik, Tahsin - International Monetary Fund (IMF) - 2003
The analysis of coincident and leading indicators can help policymakers gauge the short-term direction of economic activity. While such analysis is well established in advanced economies, it has received relatively little attention in many emerging market and developing economies, reflecting in...
Persistent link: https://www.econbiz.de/10005605176
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Investment; Specific Technology Shocks and International Business Cycles: An Empirical Assessment
International Monetary Fund (IMF); International … - 2010
In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the "quantity", "international comovement",...
Persistent link: https://www.econbiz.de/10008671290
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The Inflationary Effect of Price Increases in Oil Products in Turkey
PEKER, Osman; MERCAN, Mehmet - In: Ege Academic Review 11 (2011) 4, pp. 553-562
In this study, the inflationary effect of price increases in oil products was investigated for Turkey’s economy using … approach developed by Pesaran et al. (2001), co-integration relationship between the variables have been determined …
Persistent link: https://www.econbiz.de/10009416827
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Openness and financial development: time series evidence for Turkey
Acikgoz, Senay; Balcilar, Mehmet; Saracoglu, Bedriye - In: International Journal of Banking, Accounting and Finance 4 (2012) 2, pp. 172-201
autoregressive distributed lag approaches to cointegration, developed by Pesaran et al. (2001) are used in the estimation process … using time series data on Turkey for the 1989:1-2007:2 periods. We also investigate Rajan and Zingales (2003) hypothesis … financial development in Turkey. The findings also support the hypothesis of Rajan and Zingales (2003). Marginal effects of …
Persistent link: https://www.econbiz.de/10010668791
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Bank credits and non-oil economic growth: Evidence from Azerbaijan
Hasanov, Fakhri; Huseynov, Fariz - In: International Review of Economics & Finance 27 (2013) C, pp. 597-610
bias to test for cointegration and construct error correction models. Results from all three approaches are similar …
Persistent link: https://www.econbiz.de/10010664331
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Chile; Selected Issues
International Monetary Fund (IMF); International … - 2013
This Selected Issues paper for Chile describes the postcrisis recovery experience. The recovery from the 2008–2009 global crisis has been markedly different both among advanced and emerging economies. The steady improvement in the labor wedge-distortions related to the consumption leisure...
Persistent link: https://www.econbiz.de/10011243850
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EXTERNAL DEBT, DEFENCE EXPENDITURES AND POLITICAL BUSINESS CYCLES IN TURKEY
Karagol, Erdal; Turhan, Aziz - In: Defence and Peace Economics 19 (2008) 3, pp. 217-224
Turkey for 1960-2002. Here, two important aspects of the political business cycle, the electoral effects and the partisan …
Persistent link: https://www.econbiz.de/10005495977