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Understanding Unemployment Hysteresis : A System-Based Econometric Approach to Changing Equilibria and Slow Adjustment
Møller, Niels Framroze - 2013
What explains the persistence of unemployment? The literature on hysteresis, which is based on unit root testing in autoregressive models, consists of a vast number of univariate studies, i.e. that analyze unemployment series in isolation, but few multivariate analyses that focus on the sources...
Persistent link: https://www.econbiz.de/10013077496
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Cointegration versus traditional econometric techniques in applied economics
Zietz, Joachim - In: Eastern Economic Journal 26 (2000) 4, pp. 469-482
The paper illustrates some of the well-known problems with cointegration analysis in order to provide some perspective on the usefulness of cointegration techniques in applied economics. A number of numerical examples are employed to compare econometric estimation on the basis of both...
Persistent link: https://www.econbiz.de/10005641620
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Understanding Unemployment Hysteresis: A system-based econometric approach to changing equilibria and slow adjustment
Møller, Niels Framroze - Økonomisk Institut, Københavns Universitet - 2013
What explains the persistence of unemployment? The literature on hysteresis, which is based on unit root testing in autoregressive models, consists of a vast number of univariate studies, i.e. that analyze unemployment series in isolation, but few multivariate analyses that focus on the sources...
Persistent link: https://www.econbiz.de/10010690214
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Financial Development and Energy Consumption Nexus in Malaysia : A Multivariate Time Series Analysis
Islam, S.M. - 2017
by achieving energy efficiency. Economic growth and energy consumption in Malaysia have been rising in tandem over the … past several years. The three public policy objectives of Malaysia are: economic progress, population growth and financial … among the series: energy consumption, population, aggregate production, and financial development for Malaysia; and tests …
Persistent link: https://www.econbiz.de/10012959944
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Dynamic factor models, cointegration, and error correction mechanisms
Barigozzi, Matteo; Lippi, Marco; Luciani, Matteo - 2016
The paper studies Non-Stationary Dynamic Factor Models such that: (1) the factors Ft are I(1) and singular, i.e. Ft has dimension r and is driven by a q-dimensional white noise, the common shocks, with q r, and (2) the idiosyncratic components are I(1). We show that Ft is driven by r-c...
Persistent link: https://www.econbiz.de/10011499818
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Econometric Models of Relationship Among Money, Output and Prices
Das, Rituparna - 2011
Persistent link: https://www.econbiz.de/10013133514
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Sigma Convergence and VECM Approach in Explaining the Relationship Among Macro Variables in Indonesia
Kurniawati, Sri - 2020
Objective - Inequality of regional income, government expenditure and government revenue can show the performance of these variables in improving the economic and non-economic conditions of each region. Previous literature discusses, in part, the inequality among these three variables. This...
Persistent link: https://www.econbiz.de/10012842717
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Inflation in Nigeria, a Historical Fact or Consequences of Fiscal Deficit? : An Empirical Examination Using Threshold VECM
Abubakar, Jamaladeen - 2016
The study empirically examines the consequences of the relationship between fiscal and monetary policies in Nigeria. To do this, an Inter-temporal Budget Constrain (IBC) of the federal government was estimated using annual time series data for budget deficit, growth rate of monetary aggregates...
Persistent link: https://www.econbiz.de/10012977733
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Dynamic Factor Models, Cointegration, and Error Correction Mechanisms
Barigozzi, Matteo - 2016
The paper studies Non-Stationary Dynamic Factor Models such that: (1) the factors Ft are I(1) and singular, i.e. Ft has dimension r and is driven by a q-dimensional white noise, the common shocks, with q r, and (2) the idiosyncratic components are I(1). We show that Ft is driven by r-c...
Persistent link: https://www.econbiz.de/10013210379
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The impact of the Turkish presidential system on the Turkish Lira
Akarsu, Mahmut Zeki - In: Journal of banking and financial economics 1 (2021) 15, pp. 14-24
The political system always has a significant impact on economic indicators. Currency exchange is one of the indicators, which is influenced directly or indirectly by political developments. Investors and economic agents make investment decisions by not only economic outcomes but also political...
Persistent link: https://www.econbiz.de/10012887831