Showing 1 - 10 of 1,159
We present a medium-scale dynamic factor model to estimate and forecast the rate of growth of the Spanish economy in the very short term. The intermediate size of the model overcomes the serious specification problems associated with large scale-models and the implicit loss of information of...
Persistent link: https://www.econbiz.de/10010317084
Economic forecasts are an important element of rational economic policy both on the federal and on the local or regional level. Solid budgetary plans for government expenditures and revenues rely on efficient macroeconomic projections. However, official data on quarterly regional GDP in Germany...
Persistent link: https://www.econbiz.de/10012146339
Im Zentrum dieser Dissertation steht das Beschreiben und Erklären von Konjunkturdynamiken. Motiviert durch den außerordentlich starken wirtschaftlichen Einbruch in 2008/2009 betont die Arbeit dabei die Wichtigkeit der Nutzung von nichtlinearen Modellansätzen. Die Dissertation kann als Beitrag...
Persistent link: https://www.econbiz.de/10012154125
This paper evaluates whether publicly available daily news lead texts help nowcasting Swiss GDP growth. I collect …-based indicators. In a pseudo out-of-sample nowcasting exercise for Swiss GDP growth, the indicator outperforms a monthly Swiss … business cycle indicator if one month of information is available. Improvements in nowcasting accuracy mainly occur in times of …
Persistent link: https://www.econbiz.de/10014324815
The present paper empirically analyses the relationship between Saving, Investment and Growth rate in India. During the period of Financial Liberalization, the popular view that increases in savings are a necessary condition for economic growth is supported with the detected strong direct links...
Persistent link: https://www.econbiz.de/10013056622
Exploring the short-run and long-run relationships between consumption of various sources of non-renewable energy, economic growth and carbon dioxide (CO2) emissions would be considered as a golden key to provide rational energy policies of Iran in the post sanctions era. The aim of this paper...
Persistent link: https://www.econbiz.de/10012992709
The Keynesian intuition that increasing consumption can stimulate investment is verified empirically using US macroeconomic data. The investment multiplier is hypothesized to increase monotonically with the propensity to consume. However, the functional relationship is not that of the Keynesian...
Persistent link: https://www.econbiz.de/10013039554
Gross domestic product (GDP) is shown to possess three new desiderata. First, GDP is almost perfectly correlated over time with the first principal component of its three classical indicators. Second, this principal component is in a class of weighted indexes ancillary to GDP. Each ancillary...
Persistent link: https://www.econbiz.de/10011854775
The study investigated the dynamic interaction between savings, investment and economic growth in Nigeria within the period 1981 to 2014, using annual time series data obtained from the World Bank Development Indicator (WDI). The study employed the impulse response function (IRF) and the...
Persistent link: https://www.econbiz.de/10012845749
Mexico grew -0.1% in 2019. That rate is well below the average between 1980 and 2018, which is 2.4%. Our hypothesis is that the Mexican economy suffered a pre-COVIDfall in its trend growth. To validate the hypothesis we proceed as follows: i) analyze the dynamics of some macroeconomic variables...
Persistent link: https://www.econbiz.de/10013299898