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China's march to prosperity : reforms to avoid the middle-income trap
Koen, Vincent; Herd, Richard; Hill, Sam - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
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Determinants of foreign direct investment in Romania : a quantitative approach
Enache, Calcedonia; Merino de Lucas, Fernando - In: Amfiteatru economic : an economic and business research … 19 (2017) 44, pp. 275-287
This study aims to examine the dynamic relationship between foreign direct investments (FDI) and economic growth, using the Structural Vector Autoregressive model, in the period 2007-2014. The results of the econometric model show that the trajectory of FDI has its own origins, with reduced...
Persistent link: https://www.econbiz.de/10011797096
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The dynamic interactions of economic growth, foreign direct investment, and exchange rates in Ghana
Arthur, Benedict; Addai, Bismark - In: Cogent economics & finance 10 (2022) 1, pp. 1-21
This study examines the dynamic interactions among foreign direct investment (FDI), economic growth (GDPG), and real exchange rate (RER) in Ghana using time series data over the period 1996 to 2018, and two econometric models: a trivariate VAR and the ARDL bound test. The results reveal that no...
Persistent link: https://www.econbiz.de/10014500390
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Understanding asset correlations
Burkhardt, Dominic; Hasseltoft, Henrik - 2012 - This draft: September 2012
We document an inverse relation between stock-bond correlations and correlations of growth and inflation. We find that rising inflation uncertainty lowers stock prices but can either lower or raise nominal bond prices depending on whether inflation is counter- or procyclical. We show that the...
Persistent link: https://www.econbiz.de/10009684165
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No-Arbitrage Near-Cointegrated Var(p) Term Structure Models, Term Premia and GDP Growth
Jardet, Caroline - 2011
The recent macro-finance yield curve literature does not agree neither about term premia empirical properties nor about the importance or even the direction of its relationship with future economic activity. This paper proposes a two-step approach to handle both problems. First, in a VAR...
Persistent link: https://www.econbiz.de/10013132933
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Secular Stagnation, R&D, Public Investment and Monetary Policy : A Global-Model Perspective
Cova, Pietro - 2017
area (EA), Japan (JP), China (CH), and the rest of the world (RW). The model includes investment in research and …
Persistent link: https://www.econbiz.de/10012941766
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The Great Stagnation – Causes and Cures
Carr, Douglas - 2020
This paper addresses the fifty-year decline in growth for the U.S. and other advanced economies. The paper develops a growth model based upon an economy's capital accounts and illustrates how customary growth factors such as labor and total factor productivity are embedded within investment...
Persistent link: https://www.econbiz.de/10012827044
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Low Real Rates as Driver of Secular Stagnation : Empirical Assessment
van den End, Jan Willem - 2014
, which could be a harbinger of secular stagnation if the real rate declines. Outcomes of VAR models for Japan, Germany and … the US show that a fall in the real rate indeed affects the natural rate. This causality is significant for Japan …, borderline significant for Germany and not significant for the US. The outcomes for Japan confirm that a prolonged period of low …
Persistent link: https://www.econbiz.de/10013045212
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Capital Misallocation and Secular Stagnation
Caggese, Andrea - 2018
The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth—even when these technologies replaced considerably less productive tangible technologies—because of low interest rates. After a shift toward intangible capital in production, the...
Persistent link: https://www.econbiz.de/10012934731
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Regulation and the Neo-Wicksellian Approach to Monetary Policy
Duca, John V. - 2015
Laubach and Williams (2003) employ a Kalman filter approach to jointly estimate the neutral real federal funds rate and trend output growth using an IS relationship and an output gap based inflation equation. They find a positive link between these two variables, but also much error surrounding...
Persistent link: https://www.econbiz.de/10012707817