Showing 1 - 10 of 201
panel cointegration, Granger causality and panel error correction in combination with Dynamic Ordinary Least Squares and …
Persistent link: https://www.econbiz.de/10014504268
, the granger causality test shows that a short-run unidirectional causality runs from energy consumption to poverty. The …
Persistent link: https://www.econbiz.de/10011961672
article aims to determine if at the community level of the European Union there is a causality between energy consumption and … consumption of the 5 types of primary energy: solid fuels, electricity, natural gas, oil and renewable energy. The results, of … electricity, oil and renewable energy on the European GDP, while the influence of coal and natural gas consumption has a low …
Persistent link: https://www.econbiz.de/10014496767
This study examines the loan-pricing behavior of German banks for a large variety of retail and corporate loan products. We find that a bank"s operational efficiency is priced in bank loan rates and alters interest-setting behavior. Specifically, we establish that a higher degree of operational...
Persistent link: https://www.econbiz.de/10014522967
The paper discusses the issue of estimating short- and long-run exchange rate pass-through to import prices in euro area countries and reviews some problems with the measures recently proposed in the literature. Theoretical considerations suggest a cointegrating relationship (between import unit...
Persistent link: https://www.econbiz.de/10010295304
This paper studies the Balassa-Samuelson effects in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. The USA is taken as a benchmark. Applying recent panel cointegration and bootstrapping techniques that solve for...
Persistent link: https://www.econbiz.de/10010298622
The study investigates the status of international capital mobility in West Africa using the saving retention coefficient of Feldstein-Horioka hypothesis. The hypothesis is predicated on the fact that, with perfect capital mobility, domestic investment does not depends on domestic savings but...
Persistent link: https://www.econbiz.de/10011988703
This paper aims to investigate the long-run relationship between financial development and economic growth using panel unit root and panel cointegration analysis in 16 selected low-income countries for the period of 20 years from 1995 to 2014. The long-run relationship has been estimated using...
Persistent link: https://www.econbiz.de/10011988841
This paper examines the sensibility of a proposed monetary union in the Southern African Development Community (SADC). The study hypothesizes that the majority of the economies in the SADC region are candidates for a monetary union. We test this hypothesis against one of the prime optimal...
Persistent link: https://www.econbiz.de/10011994278
causality tests (Toda-Yamamoto, Dumitrescu-Hurlin and Juodis-Karavias-Sarafidis) that are suitable for mixed order of series … the variables was present; the causality was principally uni-directional (from output to public expenditure), in line with … Wagner's hypothesis, or bi-directional; the causality from public expenditure to output along Keynesian lines was limited. …
Persistent link: https://www.econbiz.de/10014551634