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Sustainability of current account deficit in Turkey
Karahan, Özcan - In: International journal of business and economic sciences … 13 (2020) 2, pp. 62-69
Purpose: This study aims to examine the sustainability of the current account deficit in Turkey for the quarterly data between 2003 and 2018. Besides, some policy implications are made to ensure the sustainability of the current account deficit in Turkey’s economy. Design/methodology/approach:...
Persistent link: https://www.econbiz.de/10012293106
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Purchasing Power Parity in High Inflation Countries : A Cointegration Analysis of Integrated Variables with Trend Breaks
Zhou, Su - 1998
This paper examines the long-run validity of purchasing power parity (PPP) for four high-inflation countries. The method of Zivot and Andrews (1992) is employed to detect the time-series behavior of the exchange rates and consumer price indices of these countries. We find that these variables...
Persistent link: https://www.econbiz.de/10014071881
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Are the current accounts of Asian-5 economies mean-reverting? : new evidence from Fourier panel stationarity tests
Husein, Jamal; Kara, S. Murat; Pier, Chuck - In: Cogent economics & finance 11 (2023) 2, pp. 1-11
This study offers a novel examination of the mean-reversion properties of the current account balances, expressed as a percentage of GDP, for the Asian-5 economies: Indonesia, Korea, Malaysia, the Philippines, and Thailand. While prior studies mainly employed traditional unit-root tests, our...
Persistent link: https://www.econbiz.de/10014501140
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Forecasting Macedonian business cycle turning points using Qual VAR model
Petrovska, Magdalena; Krstevska, Aneta; Naumovski, Nikola - Narodna Banka na Republika Makedonija - 2016
This paper aims to assess the usefulness of leading indicators in business cycle research and forecast. Initially we … indicators performs in forecasting turning points of the Macedonian business cycle by employing the Qual VAR approach of Dueker … (2005). In continuation, we evaluate the quality of the selected indicators in pseudo-out-of-sample context. The results …
Persistent link: https://www.econbiz.de/10011623919
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Do leading indicators help to predict business cycle turning points in Germany?
Fritsche, Ulrich; Kouzine, Vladimir - 2002
the interest rate spread, the long-term interest rate as well as some monetary indicators and some survey indicators can …
Persistent link: https://www.econbiz.de/10010260642
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A Dynamic Integer Count Data Model for Financial Transaction Prices
Pohlmeier, Winfried; Liesenfeld, Roman - 2003
In this paper we develop a dynamic model for integer counts to capture the dis- creteness of price changes for financial transaction prices. Our model rests on an autoregressive multinomial component for the direction of the price change and a dynamic count data component for the size of the...
Persistent link: https://www.econbiz.de/10010263413
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What a Difference a Day Makes: On the Common Market Microstructure of Trading Days
Gerhard, Frank; Hess, Dieter; Pohlmeier, Winfried - 1998
This paper analyzes the interday stability of the price process using transaction data. While the vast majority of empirical studies on the microstructure of financial markets rests on the tacit assumption that observed prices are generated by a time-invariant price process, we question this...
Persistent link: https://www.econbiz.de/10010324047
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Efficient Bargaining and the Skill-Structure of Wages and Employment
Kaiser, Ulrich; Pohlmeier, Winfried - 2000
This paper presents structural estimates for a bargaining model which nests the right-to-manage, the efficient wage bargaining, the seniority and the standard neo- classical labor demand model as special cases. In contrast to most existing models, our approach accounts for heterogeneous skill...
Persistent link: https://www.econbiz.de/10010324070
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Do leading indicators help to predict business cycle turning points in Germany?
Fritsche, Ulrich; Kouzine, Vladimir - 2002
the interest rate spread, the long-term interest rate as well as some monetary indicators and some survey indicators can …
Persistent link: https://www.econbiz.de/10011437017
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What a difference a day makes : on the common market microstructure of trading days
Gerhard, Frank; Hess, Dieter; Pohlmeier, Winfried - 1998
This paper analyzes the interday stability of the price process using transaction data. While the vast majority of empirical studies on the microstructure of financial markets rests on the tacit assumption that observed prices are generated by a time-invariant price process, we question this...
Persistent link: https://www.econbiz.de/10011543817