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The spillover effects of interconnectedness between financial assets are decomposed into both sources of shocks and whether they amplify or dampen volatility conditions in the target market. We use historical decompositions to rearrange information from a VAR which includes sources, direction...
Persistent link: https://www.econbiz.de/10012948930
Industrial houses and governments of different countries and groups spend a sizeable amount of their earnings upon research and development activities to create new products and obtain patents for them. The short-run motive is to get patents, and the long-run motive is to influence income growth...
Persistent link: https://www.econbiz.de/10012294665
2020 using the ARDL cointegration method. The results reveal that FDI, the interactive variable of FDI and trade openness …, and other macroeconomic variables such as domestic investment, government consumption expenditure, human capital, a proxy …
Persistent link: https://www.econbiz.de/10014500822
The objective of this paper is to find out whether there is a long-term relationship or in other words cointegration …
Persistent link: https://www.econbiz.de/10014466537
This paper empirically examines the dynamic causal relationships between electricity consumption and economic growth … panels are not cointegrated. Bidirectional causality between economic growth and electricity consumption both in the short …. Unidirectional short-run causality is found from economic growth to electricity consumption for lower middle income panel and no …
Persistent link: https://www.econbiz.de/10009690044
Using VAR analysis on US data, we show that unanticipated fiscal expansions boost private consumption and business … crowding-in of both consumption and entry can be generated only under very specific assumptions. In a static model with full … such that future profits are high enough to generate entry. However, consumption falls for conventional parameter values …
Persistent link: https://www.econbiz.de/10010339394
consumption, as captured by the long-run marginal propensity to consume from financial wealth (mpcw). The international evidence … changes in both consumption and wealth. Using a suitable panel technique, it is found that the hypothesis of a common long …
Persistent link: https://www.econbiz.de/10014060309
Engel and West (2005) model log exchange rates as discounted log fundamentals. For ‘commodity currencies', commodity prices are often viewed as key fundamentals, implying that commodity prices should, therefore, be predicted by exchange rates and not vice-versa - which would run counter to a...
Persistent link: https://www.econbiz.de/10012937859
transmission. Multivariate cointegration techniques are used in a sample that includes six major industrial countries with data …
Persistent link: https://www.econbiz.de/10013404666
. -- Cointegration ; oil market ; futures prices ; price discovery …
Persistent link: https://www.econbiz.de/10003949493