Similar Search Results

Determinants of Trade Balance in West African Economic and Monetary Union (WAEMU) : evidence from heterogeneous panel analysis

Keho, Yaya - In: Cogent economics & finance 9 (2021) 1, pp. 1-16

This study investigates the determinants of the trade balance in West African and Monetary Union (WAEMU) over the period 1975-2017. We employ the Mean Group (MG) estimator along with the grouped mean version of Dynamic OLS (DOLS) and Fully Modified OLS (FMOLS) to deal with both endogeneity and...

Persistent link: https://www.econbiz.de/10013184391

Fundamentals of the Real Exchange Rate of the CFA Franc in WAEMU : An Application of Non-Stationary Panel Data Econometrics

Wonyra, Kwami Ossadzifo - 2018

Identifying the fundamentals of the real exchange rate of the CFA franc in WAEMU is the main objective of this paper. To achieve this, we used panel data over a period from 1984 to 2014. The results obtained using the Pooled Mean Group (PMG) method show that investment, government spending,...

Persistent link: https://www.econbiz.de/10012931146

Testing Purchasing Power Parity for the New EU Members and Turkey : A Panel Cointegration Analysis with Disaggregated CPI

Saygili, Hulya - 2009

This study applies multivariate panel cointegration technique to evaluate purchasing power parity (PPP) hypothesis by … to get evidence for cointegration to support PPP can be attributed to the inclusion of non-tradable goods in the …

Persistent link: https://www.econbiz.de/10012719706

Panel data analysis of the proposed monetary union in the Southern African development community

Zerihun, Mulatu Fekadu; Breitenbach, Marthinus C. - In: Spoudai : journal of economics and business 67 (2017) 4, pp. 23-44

1995-2016. We use first and second generation panel unit root tests and panel cointegration tests to test mainly for … stationarity and cointegration of real exchange rate series for the group of SADC countries. The findings from this study confirm … that there is stationarity and cointegration of the real exchange rate series among the 11 SADC member countries included …

Persistent link: https://www.econbiz.de/10011843930

A New Poolability Test for Cointegrated Panels

Westerlund, Joakim - 2013

This paper proposes a new test of the null hypothesis that the parameters in a cointegrated panel data regression are equal across the cross-section. The asymptotic distribution of the new test statistic is derived and simulation results are provided to suggest that it performs very well in...

Persistent link: https://www.econbiz.de/10013075469

Cross-section dependence and the monetary exchange rate model : a panel analysis

Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - 2011

national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and … ; cointegration ; vector error-correction models …

Persistent link: https://www.econbiz.de/10009124360

The ASEAN experience of the purchasing power parity theory

Murad, S. M. Woahid; Hossain, Mohammad Amzad - In: Financial innovation : FIN 4 (2018) 23, pp. 1-10

Appl Econ 22:265-312, 2007). For panel cointegration analysis, we employed the four error-correction-based Westerlund (Oxf … Bull Econ Stat 69:709-748, 2007) panel cointegration tests. The Westerlund (Oxf Bull Econ Stat 69:709-748, 2007) tests are … estimated the cointegration test excluding Indonesia and Brunei. The findings support our initial results. Further, all the …

Persistent link: https://www.econbiz.de/10011921966

Real exchange rate misalignment in the euro area : is the current development helpful?

Hajek, Jan - 2016

We use the behavioral equilibirum exchange rate (BEER) approach to examine the extent of real exchange rate misalignment in the euro area over the period 1980-2014. In a panel data setting, we find significant links between real exchange rates, relative productivity, trade balance and terms of...

Persistent link: https://www.econbiz.de/10011505006

Sectoral price divergence between Korea and Japan

Moon, Seongman - In: East Asian economic review 20 (2016) 4, pp. 493-517

This paper examines the persistent properties of 12 sectoral relative prices between Korea and Japan obtained following the Classification of Individual Consumption according to Purpose (COICOP) over the period of 1985-2016. Applying a new econometric method developed by Pesaran which controls...

Persistent link: https://www.econbiz.de/10011765038

Inter-region relative price convergence in Korea

Moon, Seongman - In: East Asian economic review 21 (2017) 2, pp. 123-146

This paper examines the persistence of relative consumer price indices for 15 regions in Korea including 6 metropolitan cities and 9 provinces over the period of 1990-2016. In particular, we ask if relative regional price indices contain a common stochastic trend and find that they are not. We...

Persistent link: https://www.econbiz.de/10011765060

1
2
3
4
5
6
7
8
9
10
Next
Last