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1970 to 2011. The non-stationary “nature†of our data recommends the use of cointegration techniques (Søren Johansen …
Persistent link: https://www.econbiz.de/10011134484
This article hypothesises that, due to factors such as thin trading and lack of publicly available data on transactions in the land market, urban land prices react more sluggishly to shocks in market fundamentals than housing prices do. Based on a vector error-correction model utilising...
Persistent link: https://www.econbiz.de/10011135359
Given the nature of East Asia’s economic structure, interregional exchange rate stability is an essential requirement for regional economic integration. One way to achieve exchange rate stability is for the region to adopt an anchor currency. However, the choice of a potential anchor is...
Persistent link: https://www.econbiz.de/10011135770
In Bangladesh, remittances from migrant workers are an important component of national income and a source for financing consumption and investment. This article investigates the relationship between remittances, financial sector development and economic growth in Bangladesh over the period of...
Persistent link: https://www.econbiz.de/10011135941
concept of Granger Causality after testing for cointegration using both the Engle-Granger and Johansen techniques. The ADF … test for cointegration proposed by Gregory and Hansen (1996) reveals that there has been both the level shift and regime …
Persistent link: https://www.econbiz.de/10011135948
data from 1950–51 to 2003–04. Employing the Johansen's cointegration and error correction model, we find that human …
Persistent link: https://www.econbiz.de/10011135959
This article explores the consequences of financial liberalization policy on the banking sector in Bangladesh. Following a motivating portfolio selection theor-etical model on the impact of liberalization, it applies time series techniques with annual banking sector data for the period...
Persistent link: https://www.econbiz.de/10011135982
autoregressive distributed lag (ARDL) model and the bounds test for cointegration (Pesaran et al. 2001) were used to assess the long …
Persistent link: https://www.econbiz.de/10011135989
aggregate export/import prices is set up, and the analysis is carried out using Johansen–Juselius cointegration and error …
Persistent link: https://www.econbiz.de/10011135999
€“2009Q4. The cointegration analyses suggest that there is a stable long-run equilibrium relationship among the variables …
Persistent link: https://www.econbiz.de/10011136393