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Have bull and bear markets changed over time? Empirical evidence from the US-stock market
Grobys, Klaus - In: Journal of Finance and Investment Analysis 1 (2012) 1, pp. 151-171
This contribution analyzes bull and bear markets from 1954:1-2011:2 in the US-stock index S&P 500. Thereby, a 2-State-Markov-Switching model is applied to figure out bull and bear market regimes within the latter period, whereby the estimated state probabilities are used to estimate a dummy...
Persistent link: https://www.econbiz.de/10010286823
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Country specific environmental Kuznets curves: A random coefficient approach applied to high-income countries
Figueroa B., Eugenio; Pastén C., Roberto - In: Estudios de Economía 36 (2009) 1, pp. 5-32
Cross-country estimations of the Environmental Kuznets Curve (EKC) to empirically analyze the relationship between income and pollution have generally assumed a common structure for all countries. Since this latter feature is not supported by economic theory, this paper uses the Random...
Persistent link: https://www.econbiz.de/10010289467
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Restatement of the I-O coefficient stability problem
Dobrescu, Emilian - In: Journal of Economic Structures 2 (2013), pp. 1-67
The capacity of input-output tables to reflect the structural peculiarities of an economy and to forecast, on this basis, its evolution, depends essentially on the characteristics of the matrix A matrix of I-O (or technical) coefficients. However, the temporal behaviour of these coefficients is...
Persistent link: https://www.econbiz.de/10011551997
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Impact of democratic/non-democratic regimes on foreign direct investment in Pakistan: Pre and post September 11, 2001 scenarios
Nawaz, Tahir; Khan, Masood Amjad; Shah, Muhammad Akbar Ali - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 6 (2012) 1, pp. 67-82
observed that the volatility shocks are quite persistent and take a long time to die out. September 11, 2001incident and … thereafter war on terror has increased the conditional volatility of foreign direct investment and has statistically significant … volatility. One interesting finding of this study is that the impact of Non-Democratic regime before September, 11 scenario is …
Persistent link: https://www.econbiz.de/10011938300
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A reappraisal of the Prebisch-Singer hypothesis using wavelets analysis
Fahmy, Hany - In: Journal of Risk and Financial Management 14 (2021) 7, pp. 1-17
The Prebisch-Singer (PS) hypothesis, which postulates the presence of a downward secular trend in the price of primary commodities relative to manufacturers, remains at the core of a continuing debate among international trade economists. The reason is that the results of testing the PS...
Persistent link: https://www.econbiz.de/10013201003
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Co-movement of commodity price indexes and energy price index: A wavelet coherence approach
Kirikkaleli, Dervis; Güngör, Hasan - In: Financial Innovation 7 (2021) 1, pp. 1-18
wavelet power spectrum and partial wavelet coherence reveal that: (1) there was significant volatility in the Agricultural Raw …
Persistent link: https://www.econbiz.de/10012602897
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Effects of technological change on non-renewable resource extraction and exploration
Sawada, Eiji; Managi, Shunsuke - In: Journal of Economic Structures 3 (2014), pp. 1-12
This paper provides a non-renewable resource extraction model with both technological change and resource exploration. Especially, we consider two types of technology, extraction technology and exploration technology. We show how these technologies affect efficient non-renewable resource...
Persistent link: https://www.econbiz.de/10011552002
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Gegen die hohen Energiepreise hilft nur Unabhängigkeit vom Öl: Kommentar
Kemfert, Claudia - In: DIW Wochenbericht 75 (2008) 20, pp. 276
Persistent link: https://www.econbiz.de/10011601821
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Rohstoffboom und deutsche Warenexporte
Bardt, Hubertus; Römer, Christof - In: IW-Trends - Vierteljahresschrift zur empirischen … 36 (2009) 2, pp. 3-13
Die deutsche Industrie sah sich bis Mitte 2008 einem erheblichen Kostendruck ausgesetzt, der durch steigende Preise für Rohstoffe ausgelöst war. Besonders die stark gestiegenen Energiepreise mit einem Ölpreisniveau von bis zu 150 Dollar je Barrel sorgten für erhebliche Belastungen....
Persistent link: https://www.econbiz.de/10011633237
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Rohstoffpreise: Entwicklung und Bedeutung für die deutsche Wirtschaft
Bardt, Hubertus - In: IW-Trends - Vierteljahresschrift zur empirischen … 38 (2011) 2, pp. 19-30
Eine IW-Befragung zeigt, dass die deutschen Unternehmen in steigenden und stark schwankenden Preisen ein wesentliches Rohstoffrisiko sehen. Die Preise für Rohstoffe sind zuletzt wieder deutlich angestiegen. Dies trifft besonders für wichtige Industrie-metalle wie Kupfer oder Eisen zu. Gemäß...
Persistent link: https://www.econbiz.de/10011633287