We estimate quarterly dynamic housing demand and investment supply models for Sweden and UK for the sample period 1970-1998 using an Error Correction Method (ECM). This method requires as a preliminary step that we test for the order of integration and cointegration. The ECM models seem...

One-year-ahead forecasts by OECD and by national institutes of annual growth of GDP of 13 European countries are analysed for accuracy 1971.1995. Average errors were large: 1.9 % in RMSE and 1.4 MAE. Wilcoxon signed-rank tests showed that only four (five) OECD and two (four) institute forecast...

One-year-ahead forecasts by the OECD and by national institutes of GDP growth and inflation in 13 European countries are analysed. RMSE was large: 1.9 % for growth and 1.6 % for inflation. Six (11) OECD and 10 (7) institute growth forecast records were significantly better than an average growth...

This paper consists of two parts. In the first part we carry out a traditional growth accounting exercise for the private business sectors of the Swedish economy. We search for structural breaks during the sample period, using Chow tests, using a dynamic specification of Total Factor...

BAROT, Bharat, This Ph.D. thesis, Empirical Studies in Consumption, House Prices and the Accuracy of European Growth and Inflation Forecasts contains four self-contained chapters:<p><p> Chapter I gives a brief introduction to the topic of the thesis and summarizes the main results. <p><p> Chapter II an...</p></p></p></p>