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Industrial houses and governments of different countries and groups spend a sizeable amount of their earnings upon research and development activities to create new products and obtain patents for them. The short-run motive is to get patents, and the long-run motive is to influence income growth...
Persistent link: https://www.econbiz.de/10012294665
The issue of whether public debt is useful or harmful towards economic growth is one of the most prevailing debates in the literature with no consensus existing on the subject matter. The study employs the ARDL model to examine the long-run and short-run effects of public debt on economic growth...
Persistent link: https://www.econbiz.de/10012023934
countries is examined applying a fractional cointegration method which tests for the possible existence of a long …
Persistent link: https://www.econbiz.de/10012219127
significant at 1%. The asymmetric cointegration relationship shows that 1% negative shock to the reserve results in about 0 …
Persistent link: https://www.econbiz.de/10013348439
The paper provides probability estimates of the state of the GDP growth. A regime-switching model defines the probability of the Greek GDP being in boom or recession. Then probit models extract the predictive information of a set of explanatory (economic and financial) variables regarding the...
Persistent link: https://www.econbiz.de/10011312197
Purpose–Since the reform and opening-up policy, the long-term problem of loans became more and more serious when China …-term problem of loans and the relationship between it and economic growth. Design/methodology/approach–Using panel data for 28 … provinces and cities of China during 1994-2005, this paper investigates the determinants on the maturity of bank credit using …
Persistent link: https://www.econbiz.de/10010814591
This paper employs an augmented version of the UECCC GARCH specification proposed in Conrad and Karanasos (2010) which allows for lagged in-mean effects, level effects as well as asymmetries in the conditional variances. In this unified framework we examine the twelve potential intertemporal...
Persistent link: https://www.econbiz.de/10008758143
new loans. These loans should be used for the financing of the investment in order to guarantee a sustainable growth and …
Persistent link: https://www.econbiz.de/10013138798
This paper employs an augmented version of the UECCC GARCH specification proposed in Conrad and Karanasos (2010) which allows for lagged in-mean effects, level effects as well as asymmetries in the conditional variances. In this unified framework we examine the twelve potential intertemporal...
Persistent link: https://www.econbiz.de/10013068979
Persistent link: https://www.econbiz.de/10012907191