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Explaining the Gaps in Labour Productivity in Some Developed Countries : New Zealand, Australia, the United States and Canada, 1988-2004

Razzak, W.A. - 2008

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

On the causality between saving and growth : long- and short-run dynamics and country heterogeneity

Andersson, Björn - 1999

Persistent link: https://www.econbiz.de/10001427066

Five Steps to Grow the Cuban Economy : What the US and Cuba Can Do in Obama's Final Year

Klein, Michael W. - 2016

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

Permanent and Transitory Macroeconomic Relationships between the US and China

Jia, Yueqing - 2009

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

On the causality between saving and growth : long- and short-run dynamics and country heterogeneity

Andersson, Björn - 1999

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

Forecasting in a DSGE Model with Banking Intermediation : Evidence from the US

Cardani, Roberta - 2015

This paper examines the forecasting performance of DSGE models with and without banking intermediation for the US economy. Over the forecast period 2001-2013, the model augmented with a banking sector leads to an improvement of point and density forecasts for inflation and the short term...

Persistent link: https://www.econbiz.de/10013028387

Is the U.S. Natural Gas Market Integrated or Segmented? a Dynamic Study of Regional Natural Gas Prices

Gatfaoui, Hayette - 2019

Considering U.S. natural gas prices at one hub and several city gates, we investigate the structural evolution of natural gas prices (i.e. law of one price), and the potential convergence or divergence of gas prices across the country. First, we extract the latent common price component, which...

Persistent link: https://www.econbiz.de/10012889508

Global Bonding : Do U.S. Bond and Equity Spillovers Dominate Global Financial Markets?

Bayoumi, Tamim A. - 2013

This paper uses a novel variant of identification through hetroscedacity to estimate spillovers across U.S., Euro area, Japanese, and UK government bond and equity markets in a vector autoregression. The results suggest that U.S. financial shocks reverberate around the world much more strongly...

Persistent link: https://www.econbiz.de/10013084151

Great recession, slow recovery and muted fiscal policies in the US

Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016

This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...

Persistent link: https://www.econbiz.de/10011434680

Multicointegration in US consumption data

Siliverstovs, Boriss - 2003

The present paper tests for the existence of multicointegration between real per capita private consumption expenditure and real per capita disposable personal income in the USA. In doing so, we exploit the fact that the flows of disposable income and consumption expenditure on the one hand, and...

Persistent link: https://www.econbiz.de/10011439261