This paper investigates the unit root properties of electricity consumption per capita for the 67 developed and … developing countries for 1971-2007 period. To examine the stationary properties of electricity consumption per capita, we have … except for 2 country series. Thus, our empirical findings provide significant evidence that electricity consumption per …

interest binds. In case of a permanent stimulus we show in the model without capital and assuming non-separable preferences …

€™s Plucking Markov Switching Model to decompose G7 real GDPs into common permanent components, common transitory components …

This paper, using the Turkish data, employs a VAR model to decompose permanent and transitory shocks on consumption and … relative importance of permanent and transitory impacts on private consumption and GDP of the Turkish Economy. … income. Pistoresi (1997), using USA data, reaches an empirical result that the permanent part of private consumption explains …

This paper adopts Friedman’s Plucking Markov Switching Model to decompose G7 real GDPs into common permanent … components, common transitory components, infrequent Markov Switching negative shock and domestic idiosyncratic components. The …, from the dynamic factor model with Markov switching, there appears to have been a common permanent synchronized fluctuation …

the risk of financial contagion. Volatility will be approached bi-dimensionally, from the perspective of the permanent and … transitory dimensions. We conclude that volatility is of long-term nature in the CEE countries, with a certain degree of …

financial contagion. Volatility will be approached bi-dimensionally, from the perspective of the permanent and transitory …

interest binds. In case of a permanent stimulus we show in the model without capital and assuming non-separable preferences …