Showing 1 - 10 of 1,044
The European Transport Industry has been heavily deregulated during the past 30 years, through initiatives that … opening the transport industry have had. By analyzing current data, the impact of economic deregulation on the volume of … transport industry production is studied. The empirical evidence confirm the positive impact on the system wide level suggesting …
Persistent link: https://www.econbiz.de/10011493981
This paper proposes estimating causalities in bilateral international trade in simultaneous systems, including domestic and foreign GDP as well as mutual trade flows. Conventional macroeconomic theory mainly follows partial approaches like import functions or exportled growth. Focusing on the US...
Persistent link: https://www.econbiz.de/10010263683
Structural vector-autoregressive models are potentially very useful tools for guiding both macro- and microeconomic policy. In this paper, we present a recently developed method for exploiting non-Gaussianity in the data for estimating such models, with the aim of capturing the causal structure...
Persistent link: https://www.econbiz.de/10010269741
effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes … a time series setting. This leads to a generalized definition of Sims (1980) causality. A technical contribution is the …
Persistent link: https://www.econbiz.de/10010270625
We analyse causality between real values of expenditure on Research and Development, RD, and Gross Domestic Product …
Persistent link: https://www.econbiz.de/10005062937
Among prominent recognized features of the industrialization of animal production over the past half century are growth in the stock of inflexible, or use-dedicated capital, as an input in production, and growth in productivity. Less recognized is a trend toward aseasonal production. We record...
Persistent link: https://www.econbiz.de/10010300802
by) the quantity of money. Our empirical findings, thus, imply a revision of the usual reading which favours causality …
Persistent link: https://www.econbiz.de/10014363244
used, followed by a VAR Pairwise Granger causality/block exogeneity Wald. The analysis results are further discussed. …
Persistent link: https://www.econbiz.de/10010669630
This paper re-examines the dynamic casual nexus among real manufacturing wage rate, labour productivity and real GDP growth. Data from 1987 Q1 through 2011 Q2 are utilised by implementing the fairly standard cointegration methodology in a trivariate setting. All three variables are...
Persistent link: https://www.econbiz.de/10010669651
integration and are not cointegrated. The results from the MS-VAR reveal that causality runs from real stock prices to real …
Persistent link: https://www.econbiz.de/10010756271