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2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention …
Persistent link: https://www.econbiz.de/10010300151
2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention …
Persistent link: https://www.econbiz.de/10005635375
. The Johansen procedure (1991, 1994) is applied to estimate the long-run relationship in a VECM. Special attention is paid …
Persistent link: https://www.econbiz.de/10008548664
competition ; cointegration ; VECM … 2005:4. The Johansen (1991, 1994) procedure is applied to estimate the long-run relationship in a VECM. Special attention …
Persistent link: https://www.econbiz.de/10003456068
studies we use the data only for the period after the trade liberalization in the early 1990s. Both cointegration and Granger …
Persistent link: https://www.econbiz.de/10013215901
This study aims to investigate the impact of supply-side factors on the export performance of Pakistan at a disaggregated level. It has identified major export categories of Pakistan and constructed a novel time-series data set of each of these categories from 1971 to 2014. Using autoregressive...
Persistent link: https://www.econbiz.de/10012219332
The long-run and short-run structure of the Danish manufacturing export sector is analyzed within a cointegrated vector autoregressive model. The price variables of the analysis can be characterized as integrated of second order, I(2), but long-run homogeneity seems to cancel the I(2)-trend...
Persistent link: https://www.econbiz.de/10013128160
variable are considered. To achieve this aim, cointegration analysis under the VECM approach is applied. The results show that …
Persistent link: https://www.econbiz.de/10012120242
Low-pay work has been increasing in prevalence in many industrial countries. Following standard wage/price-setting theory, this increase should reduce structural unemployment, because labour market flexibility increases and labour costs decrease. However, a Keynesian perspective challenges this...
Persistent link: https://www.econbiz.de/10010425853
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10011587110