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Persistent link: https://www.econbiz.de/10009622263
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
estimate that a one standard deviation increase in the volatility of the shock to US real GDP leads to a decline in UK GDP …
Persistent link: https://www.econbiz.de/10013099667
Global attention to ending child marriage and its socio-economic consequences is gaining momentum. Ending child marriage is not only critical from a development perspective but it also has important economic implications. This paper is the first to quantify the relationship between child...
Persistent link: https://www.econbiz.de/10012840221
This paper examines the relationship between net FDI inflows and real GDP for Turkey from 1970 to 2019. Although conventional economic growth theories and most empirical research suggest that there is abi-directional positive effect between these macro variables, the results indicate that there...
Persistent link: https://www.econbiz.de/10013223733
This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...
Persistent link: https://www.econbiz.de/10010462545
The purpose of this paper is to examine the sensitivity of the Turkish economy's natural rate of growth to the actual rate of growth, covering the period 1980-2008. To determine the reason why the natural rate of growth is endogenous, the long-run and the causality relationships between real...
Persistent link: https://www.econbiz.de/10012989179
due to a fiscal policy shock, as compared to when the rise in output is due to a positive technology shock. The cross ….75 when the rise in output follows from a favorable output shock. …
Persistent link: https://www.econbiz.de/10011956353
This paper provides empirical evidence that there is no absolute convergence between the GDP per capita of the developing countries since 1950. Relying upon recent econometric methodologies (nonstationary long-memory models, wavelet models and time-varying factor representation models), we show...
Persistent link: https://www.econbiz.de/10003867820
Nigeria using the framework of single equation error correction mechanism. The unit root and cointegration tests were …
Persistent link: https://www.econbiz.de/10010480256