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Balassa-Samuelson Effect Approaching Fifty Years: Is it Retiring Early in Australia?
Chowdhury, Khorshed - School of Accounting, Economics, and Finance, … - 2007
This paper tests empirically the Balassa-Samuelson (BS) hypothesis using annual data for Australia. We applied the ARDL cointegration technique developed by Pesaran et al. (2001) and found evidence of a significant long-run relationship between real exchange rate and Australia-US productivity...
Persistent link: https://www.econbiz.de/10005212365
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Testing the Balassa-Samuelson Effect : Implications for Growth and the PPP
Faria, Joao Ricardo; Leon-Ledesma, Miguel A. - 2001
The derivation of the Balassa-Samuelson effect allows for different empirical specifications that may have important economic implications. Problems related to spurious regression could arise from the mixed order of integration of the series used and from the lack of a long run stable...
Persistent link: https://www.econbiz.de/10014140699
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AN INVESTIGATION OF REAL EXCHANGE RATE VOLATILITY ON TURKISH TEXTILE AND APPAREL EXPORT
Hatirli, Selim Adem; Onder, Kübra - In: Anadolu University Journal of Social Sciences 10 (2010) 2, pp. 41-54
causality relations, unit root, cointegtration and error correction models were used. With time-series techniques, this study … export of textile and apparel industry, and bidirectional Granger causality from exchange rate volatility to textile and …
Persistent link: https://www.econbiz.de/10008595833
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Credible Granger-causality inference with modest sample lengths : a cross-sample validation approach
Ashley, Richard A.; Tsang, Kwok Ping - In: Econometrics : open access journal 2 (2014) 1, pp. 72-91
Credible Granger-causality analysis appears to require post-sample inference, as it is well-known that in-sample fit … terms of power relative to the in-sample Granger-causality F test, is manageable. An illustrative application is given, to a …
Persistent link: https://www.econbiz.de/10010336194
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Cross-Border Production Sharing and Exchange Rates in East Asia
Arndt, Sven W. - 2008
Economic integration in East Asia is proceeding along two tracks. One involves discussions among governments and focuses on formal agreements covering bilateral and regional free trade areas, as well as cooperation at the level of macroeconomic stabilization. The other is informal and driven...
Persistent link: https://www.econbiz.de/10014051947
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The Timing of EU Expansion and the Real Exchange Rate
Cavelaars, P.A.D. - de Nederlandsche Bank - 2003
This paper analyses the impact of the timing of EU expansion on the real exchange rate between the accession countries' currencies and the euro. I ¯nd that the real exchange rate response to EU accession is smaller in the case of a postponed accession, as postponement gives the regions more...
Persistent link: https://www.econbiz.de/10005106797
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Nexus between foreign direct investment and economic growth in Bangladesh: An augmented autoregressive distributed lag bounds testing approach
Sarker, Bibhuti; Khan, Farid - In: Financial Innovation 6 (2020) 1, pp. 1-18
revealed the opposite result. Studies that examined the causality between FDI and gross domestic product (GDP) also have found … evidence of unidirectional causality and, in some cases, a bidirectional causality. This study investigated the causal nexus … causality to explore the direction of causality. The augmented ARDL model found a long-run relationship between FDI and GDP. In …
Persistent link: https://www.econbiz.de/10012602846
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Nexus between foreign direct investment and economic growth in Bangladesh : an augmented autoregressive distributed lag bounds testing approach
Sarker, Bibhuti; Khan, Farid - In: Financial innovation : FIN 6 (2020) 10, pp. 1-18
revealed the opposite result. Studies that examined the causality between FDI and gross domestic product (GDP) also have found … evidence of unidirectional causality and, in some cases, a bidirectional causality. This study investigated the causal nexus … causality to explore the direction of causality. The augmented ARDL model found a long-run relationship between FDI and GDP. In …
Persistent link: https://www.econbiz.de/10012268580
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The J-Curve Dynamics of Turkey: An Application of ARDL Model
Halicioglu, Ferda - Volkswirtschaftliche Fakultät, … - 2008
model. An augmented form of Granger causality analysis is implemented between trade balance, real effective exchange rates … causality tests reveal mix results, the parameter stability tests seem to be inconclusive. …
Persistent link: https://www.econbiz.de/10011107634
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Testing the J-curve phenomenon in Nigeria : an ARDL bounds testing approach
Bawa, Sani; Abdul, Rabia Muhammad; Sani, Zainab; Dauda, … - In: West African journal of monetary and economic integration 18 (2018) 1, pp. 47-71
This study examined the short-run and long-run effects of real exchange rate changes on the Nigeria's trade balance. The paper employed both linear and non-linear ARDL bounds testing approach to cointegration to test for the J-curve phenomenon in Nigeria using quarterly data spanning the period...
Persistent link: https://www.econbiz.de/10013348398