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This thesis examines the relationship between the development of the financial systemand economic growth in the United Kingdom, using a time series econometricmethodology. It extends the existing literature in three ways. First, it applies adisaggregated approach, testing the relationship not...
Persistent link: https://www.econbiz.de/10009461286
The relationship between financial markets and economic growth has interestedeconomists for decades. However, previous studies do not identify the unique role ofstock markets in economic growth, nor do they test explicitly if stock markets affect thelevel or the growth rate of the economy....
Persistent link: https://www.econbiz.de/10009463276
theoretical as well as empirical economic literature, the causality between them has not been investigated in a reasonable …
Persistent link: https://www.econbiz.de/10009476170
Diese Dissertation beinhaltet vier Aufsätze, die zur Literatur der Panelkointegrationsmethodik beitragen. Der erste Aufsatz vergleicht die Eigenschaften der vier Residuen-basierten Panelkointegrationstests von Pedroni (1995, 1999) mit dem Likelihood-basierten Panelkointegrationstest von Larsson...
Persistent link: https://www.econbiz.de/10009467014
In this dissertation I explain the relationship among inflation volatility, rationalbubbles, and asset prices. In addition, I investigate the transmission of asset prices andvolatility among countries.In the second chapter, which deals with the relationship between inflation volatilityand asset...
Persistent link: https://www.econbiz.de/10009464907
This paper uncovers the relationship between stock markets and exchange ratesin seven countries by employing stable aggregate currency (SAC) for the period of 1973-2004. Ordinary Least Squares (OLS) regression, time series methods, and directedacyclic graphs are applied to the daily data on...
Persistent link: https://www.econbiz.de/10009465214
Tyrimo objektas – silpnos formos efektyvumas Baltijos šalių akcijų rinkose.Tyrimo tikslas – įvertinti silpnos formos efektyvumo pasireiškimą Baltijos šalių akcijų rinkose.Tyrimo uždaviniai:1. Atskleisti efektyvios rinkos hipotezės sampratą;2. Apibūdinti efektyvios rinkos formas...
Persistent link: https://www.econbiz.de/10009478700
The modelling of stock market volatility is considered to be important for practitioners and academics in finance due to its use in forecasting aspects of future returns. The GARCH class models have now firmly established themselves as one of the foremost techniques for modelling volatility in...
Persistent link: https://www.econbiz.de/10009482134
investigated with respect to contemporaneous causality, dynamics,and structural change. In the first essay, nation-wide industry … (DAG) for contemporaneous causality and Bernankedecomposition for dynamics. The evidence shows that the information … considercontemporaneous causality and possible structural breaks (changes). The dissertationemphasizes causal inference and structural …
Persistent link: https://www.econbiz.de/10009464790
misspecification. This dissertation relates game-theoretic frameworks to models of causality inference and thus provides a reliable …
Persistent link: https://www.econbiz.de/10009464962