Showing 1 - 10 of 6,893
Modern economic theories explain differences in productivity and economic growth across countries by differences in … of these theories in explaining the gap in productivity between any two countries depends on the countries in the sample … developed and developing countries, but are too small to explain the productivity gaps between developed countries. We test this …
Persistent link: https://www.econbiz.de/10012768355
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10010321740
The relationships between the economic fluctuations of the US and China, the largest developed and developing countries respectively, are very important not only to both countries but also to the world economy. This paper applies a two-country correlated unobserved components model to explore...
Persistent link: https://www.econbiz.de/10013153333
The Cuban government has a dominant role to play in determining the future landscape of the country's financial markets. This is a multifaceted issue. Finance operates in combination with a constellation of other factors, including sound laws, institutions that respect property rights, and...
Persistent link: https://www.econbiz.de/10012996493
Persistent link: https://www.econbiz.de/10001427066
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10011587110
This paper suggests a term structure model which parsimoniously exploits a broad macroeconomic information set. The model does not incorporate latent yield curve factors, but instead uses the common components of a large number of macroeconomic variables and the short rate as explanatory...
Persistent link: https://www.econbiz.de/10011604590
We develop a method for directly modeling cointegrated multivariate time series that are observed in mixed frequencies. We regard lower-frequency data as regularly (or irregularly) missing and treat them with higher-frequency data by adopting a state-space model. This utilizes the structure of...
Persistent link: https://www.econbiz.de/10010264085
Using US data for the period 1959-2007, we identify sectoral productivity shocks and capital investment-specific shocks …
Persistent link: https://www.econbiz.de/10010288752
Using US data for the period 1959-2007, we identify sectoral productivity shocks and capital investment-specific shocks … percent of the variation of output in the non-R&D sector. -- Cycles ; Productivity Shocks ; Investment-specific Shocks ; R …
Persistent link: https://www.econbiz.de/10009530178