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Persistent link: https://www.econbiz.de/10012423719
There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
Persistent link: https://www.econbiz.de/10011480254
This theoretical model analyzes the impact of interbank credit market dynamics on the resilience of the financial system. Based on a stochastic model of interbank market credit flows, lending in the interbank market is restricted by the availability of liquidity. Following a shock...
Persistent link: https://www.econbiz.de/10012296413
We estimate a logit mixture vector autoregressive model describing monetary policy transmission in the euro area over the period 2003Q1-2019Q4 with a special emphasis on credit conditions. With the help of this model, monetary policy transmission can be described as mixture of two states (e.g.,...
Persistent link: https://www.econbiz.de/10013328355
per capita for a panel of 35 developed and developing countries over an annual period of 33 years (1981 - 2013). The … broadband penetration on economic growth. Our methodology consists of two models, the first one is a fixed effects panel data … values in a panel regression to determine the impact over the growth rate of GDP per capita. Our approach includes as an …
Persistent link: https://www.econbiz.de/10011526178
of externalities from neighbouring regions. The spatial Durbin fixed-effect panel specification captures spatial feedback …
Persistent link: https://www.econbiz.de/10011483641
Persistent link: https://www.econbiz.de/10010485757
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
homogeneous and heterogeneous panel data estimators to a Spatial Panel Error Correction Model (SpECM) for regional output growth …
Persistent link: https://www.econbiz.de/10011535894
This paper examines the empirical relationship between agglomeration and economic growth for a panel of 48 Central and … specification à la Mankiw, Romer and Weil (1992) is augmented with this index and estimated using panel data methods that account …
Persistent link: https://www.econbiz.de/10011506442