Showing 1 - 10 of 1,168
Zusammenfassung Handelsliberalisierung und Globalisierung haben dazu geführt, dass der Welthandel deutlich schneller …Summary Globalization has increased the differential between growth of world trade volumes and growth of world GDP … model for exports and the one for imports are each derived from a 4 × 4-vector-error correction model in which one co-integration …
Persistent link: https://www.econbiz.de/10014608928
Summary Following standard real business cycle theory, long run economic growth and short run business cycle fluctuations are attributed to a series of productivity shocks propagated by the economic system which is assumed to be in a rational expectations equilibrium. Characterizing the...
Persistent link: https://www.econbiz.de/10014608617
Summary The objectives of this paper are (i) to assess the actual economic implications of the new European banana policy on prices, consumption and trade in Germany within a theoretical and quantitative analysis; (ii) to elaborate the welfare implications of the European banana market policy on...
Persistent link: https://www.econbiz.de/10014608652
saisonalen Kointegration im Rahmen eines multivariaten Fehlerkorrekturmodells angewendet, das neben den Investitionen die Exporte …-seasonal adjusted data from 1968 to 1989. The empirical analysis is based on cointegration techniques using the multivariate error … investment series. Given this result, the evidence for cointegration relationships at the seasonal frequencies is rather weak …
Persistent link: https://www.econbiz.de/10014608697
Summary The rise of the East-German economy in the 1950s and 1960s and its decline in the 1970s and 1980s is difficult to explain by neoclassical economics. However; the observed life cycle may be explained by the inclusion of concepts from old and new institutional economics and from functional...
Persistent link: https://www.econbiz.de/10014608780
-LM model of the open economy, we conduct a cointegration analysis from which we obtain plausible long-run relationships. In the …
Persistent link: https://www.econbiz.de/10014608971
first step, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two …
Persistent link: https://www.econbiz.de/10014608973
Summary In this paper aggregate supply and demand functions for Germany’s imports and exports are estimated for the period 1975:1–1999:4. Previous studies are extended in two regards: First, the multivariate estimation technique of Johansen (1988, 1991) is employed, which helps to avoid the...
Persistent link: https://www.econbiz.de/10014608985
Prozesse verwendet: Der Test auf Kointegration erfolgt auf Basis der Trace-Statistik des Johansen-Verfahrens. Zusätzlich wird … for cointegration between the integrated series of order 1 the multivariate cointegration methodology proposed by Johansen …-run relationship between the variables and to provide a further test of cointegration. The dynamic OLS procedure is applied to allow …
Persistent link: https://www.econbiz.de/10014609037
results in the paper present evidence of a bell-shaped relationship between economic growth and total public debt in a panel …
Persistent link: https://www.econbiz.de/10014864307