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Persistent link: https://www.econbiz.de/10003610684
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
According to the IMF subject information, output gap for advanced economies and specifically Greece is calculated as … regressive taxes, progressive taxes and proportional taxes. Greece has a positive output gap in 2007 of 10.042%. For the same … year, Greece had a structural budget deficit of -10.846%. In 2013, the output gap of Greece was -10.650 %, which means that …
Persistent link: https://www.econbiz.de/10012890743
data for Cyprus, Greece and Spain. We use the growth of real GDP per capita as a measure of economic growth and …
Persistent link: https://www.econbiz.de/10012765846
Globalization tendencies appeared as an outcome of scientific and technological innovations in 20th century impact the tourism sector as well as most other sectors. Like in many developing countries, the tourism sector accompanied by the change of sectoral structure in Turkey is the main element...
Persistent link: https://www.econbiz.de/10014210345
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The literature on the finance-growth nexus highlights the importance of the financial cycle for the estimation of potential output of an economy. We estimate potential output growth for the G-5 countries, as well as for 10 high- and middle-income Asian economies, using a multivariate model that...
Persistent link: https://www.econbiz.de/10011346261
Recent studies focused on testing the Easterlin hypothesis (happiness and national income correlate in the cross-section but not over time) on a global level. We make a case for testing the Easterlin hypothesis at the country level where individual panel data allow exploiting important...
Persistent link: https://www.econbiz.de/10009747819
The main objective of this study is to investigate the effect of interest rate, inflation rate, and GDP on real economic growth in Jordan over the period 2000-2010. Unit root test (Augmented Dickey-Fuller test) has been exploited to check the integration order of the variables. Acointegration...
Persistent link: https://www.econbiz.de/10009755676