Similar Search Results

Gourieroux, Christian; Jasiak, Joann - Department of Economics, York University - 1999

comovements between the components, called the copersistence directions, or cointegration directions in the nonstationary case. We … nonlinear cointegration. …

Persistent link: https://www.econbiz.de/10005558046

Effects of U.S. Inflation on Hong Kong and Singapore

Cheung, Yin-Wong; Yuen, Jude - Hong Kong Institute for Monetary Research (HKIMR), … - 2001

Standard economic models predict that the choice of an exchange rate regime has important implications for the interdependency of national monetary policies, which is sometimes measured by the degree of inflation transmission across borders. In this paper, we examine how inflation rates in two...

Persistent link: https://www.econbiz.de/10005558155

La relación de largo plazo del PIB mexicano y sus componentes con la actividad económica en Estados Unidos y el tipo de cambio real

Díaz, Daniel G. Garcés - In: Economía Mexicana NUEVA ÉPOCA XV (2006) 1, pp. 5-30

This article studies the role that economic integration with the United States has played in the determination of Mexican GDP during the 1980-2000 period. The analysis is based on the estimation of long-run relationships and associated dynamics for the Mexican GDP and each one of its components...

Persistent link: https://www.econbiz.de/10005558268

Intertemporal solvency of Turkey’s current account

Ogus, Ayla; Sohrabji, Niloufer - Ekonomi Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2008

+ (which include imports, net interest and unilateral transfer payments). Cointegration between inflows and outflows implies … that the intertemporal budget constraint is satisfied. We use the Johansen and the Gregory and Hansen (1996) cointegration … tests to determine linkages between exports and imports+ in Turkey. Using the Johansen test we find no cointegration and …

Persistent link: https://www.econbiz.de/10005558792

Oil Consumption and GNP Relationship In Turkey: An Empirical Study

Karagöl, Erdal; Erbaykal, Erman; Ertuðrul, H. Murat - In: Proceedings of the International Conference on Human …

investigate the presence of cointegration among the variables and use a vector error correction model to test causality … relationship. Empirical results for Turkey over the period 1971–2003 suggest that there is cointegration relationship between GNP …

Persistent link: https://www.econbiz.de/10005558827

Financial Development and Economic Growth in Malaysia: The Stock Market Perspective

Choong, Chee Keong; Yusop, Zulkornain; Law, Siong Hook; … - EconWPA - 2003

Understanding the causal relationship between financial development and economic growth is important in enhancing the economy of a nation. Using the autoregressive distributed lag (ARDL) bounds test approach, this study finds that stock market development is cointegrated with economic growth in...

Persistent link: https://www.econbiz.de/10005561265

Debt, growth and inflation in large European economies: a vector auto-regression analysis

Taghavi, Majid - In: Journal of Evolutionary Economics 10 (2000) 1, pp. 159-173

hybrid cointegration and vector autoregressive models, the findings, based on the period 1970-97, suggest that debt causes …

Persistent link: https://www.econbiz.de/10005622451

Cointegration and Causality among Foreign Direct Investment in Tourism Sector, GDP, and Exchange Rate Volatility in Turkey

Sekmen, Fuat - Volkswirtschaftliche Fakultät, … - 2007

cointegration and causality among foreign direct investment(FDI) in tourism sector, overall GDP, and exchange rate volatility (EX …). According to the ECM technique, the hypothesis that “no cointegration” was rejected for all three variables. The GC results …

Persistent link: https://www.econbiz.de/10005623245

An Econometric Analysis of Aggregate Outbound Tourism Demand of Turkey

Halicioglu, Ferda - Volkswirtschaftliche Fakultät, … - 2008

cointegration procedure proposed by Pesaran et al. (2001) is employed to compute the short and long-run elasticities of income and …

Persistent link: https://www.econbiz.de/10005623458

On the optimality of a GCC Monetary Union: Structural VAR, Common Trends and Common Cycles Evidence

Abu-Qarn, Aamer; Abu-Bader, Suleiman - Volkswirtschaftliche Fakultät, … - 2006

This paper examines the suitability of the proposed monetary union among the members of the Gulf Cooperation Council (GCC). To do so, we identify the underlying structural shocks that these economies are subject to and assess the extent to which the shocks are symmetric. Additionally, we test...

Persistent link: https://www.econbiz.de/10005623461