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This paper examines the transmission channels through which property markets propagate shocks to the real economy. Using a four-equation model which portrays the theoretical inter-linkages between real estate value and other components of the economy, our findings suggest that in the short run,...
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Purpose - This paper aims to investigate the relationship between global economic fluctuations and human development through four transmission channels (foreign direct investment (FDI), official development aid (ODA), remittances and export earnings) in Egypt as an open developing economy, in...
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countries by using a FAVAR model. We first examine all possible channels through which a policy shock is transmitted to each … country. In general the transmission of the shock hides considerable heterogeneity across the countries. We find that the … interest rate channel explain the negative propagation of the US shock to the GDP of Hong Kong, the Philippines and Singapore …
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