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A multilevel factor model for economic activity with observation-driven dynamic factors

Artemova, Mariia; Blasques, Francisco; Koopman, Siem Jan - 2023

We analyze the role of industrial and non-industrial production sectors in the US economy by adopting a novel multilevel factor model. The proposed model is suitable for high-dimensional panels of economic time series and allows for interdependence structures across multiple sectors. The...

Persistent link: https://www.econbiz.de/10014249846

Structural changes and economic growth in Pakistan

Gilal, Muhammad Akram; Ajmair, Muhammad; Farooq, Sohail - In: Pakistan journal of applied economics 29 (2019) 1, pp. 33-51

Persistent link: https://www.econbiz.de/10012606759

Finance and growth: a macroeconomic assessment of the evidence from a European angle

Papaioannou, Elias - 2007

This paper reviews the literature on the finance-growth nexus within a neoclassical growth framework, placing an emphasis on the policy implications in the current European environment, that has placed financial reforms high on the policy Agenda. While more research is needed to establish...

Persistent link: https://www.econbiz.de/10011604833

Analyzing the stock markets role as a source of capital formation in Pakistan

Kanasro, Hakim Ali; Junejo, Mumtaz Ali; Junejo, Mansoor … - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 5 (2011) 2, pp. 273-282

This paper is to examine the stock markets role in the capital formation in Pakistan from the period 1st January 2001 to 31st December 2008. This analytical study is based on the data collected from the secondary sources such as State Bank of Pakistan and three stock exchanges; Karachi, Lahore...

Persistent link: https://www.econbiz.de/10011938288

Education, financial institutions, inflation and growth

Becchetti, Leonardo; Hasan, Iftekhar; Mavrotas, George - 2005

conditional convergence estimates is significantly increased when the former is instrumented by educational variables. Our … findings outline a third potential role of human capital on conditional convergence. They show that education is not only a … pressures which, in turn, negatively affect economic growth and conditional convergence. We interpret our findings by …