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Smith, Jeffrey A. - In: IZA World of Labor (2018)

Non-experimental evaluations of programs compare individuals who choose to participate in a program to individuals who do not. Such comparisons run the risk of conflating non-random selection into the program with its causal effects. By randomly assigning individuals to participate in the...

Persistent link: https://www.econbiz.de/10011873689

A structural approach to identify financial transmission in distinguished scenarios of crises

Herwartz, Helmut; Roestel, Jan - 2018

This paper investigates the propagation of instability through key asset markets of the US financial system - equity, real estate, banking and treasury - between 1/3/2000 and 12/26/2014. For this purpose, we develop an identification method to uncover characteristic financial market...

Persistent link: https://www.econbiz.de/10011903666

The relationship between stock market development and macroeconomic fundamentals in the Visegrad Group

Pražák, Tomáš; Stavárek, Daniel - In: Comparative Economic Research. Central and Eastern Europe 20 (2017) 3, pp. 5-23

prices. The long-term causality, tested using the Johansen cointegration test, and the short-run dynamics between the … variables, examined using the VECM model, are explored using quarterly data from the 2005-2014 period. The short-term causality …

Persistent link: https://www.econbiz.de/10011922456

The causal relationship between financial development and investment: A review of related empirical literature

Muyambiri, Brian; Odhiambo, Nicholas M. - In: Comparative Economic Research. Central and Eastern Europe 21 (2018) 2, pp. 119-136

direction of causality between financial development and investment. The study concludes that most of the research done on the …

Persistent link: https://www.econbiz.de/10011922487

Wage Dynamics and Bulgaria: Co-movement and Causality

Vasilev, Aleksandar; Manolova, Hristina - In: South-Eastern Europe Journal of Economics 17 (2019) 1, pp. 91-127

Motivated by recent debates on the possible role of wages as an income policy tool, in this study we examine the dynamic inter-relationship between wages in Bulgaria, mainly in the context of its EU accession. Relative to the WDN studies on the other EU member states, the novelty in this paper...

Persistent link: https://www.econbiz.de/10011925682

The Causal Effect of Trust

Bartling, Björn; Fehr, Ernst; Huffman, David B.; … - 2018

Trust affects almost all human relationships – in families, organizations, markets and politics. However, identifying the conditions under which trust, defined as people’s beliefs in the trustworthiness of others, has a causal effect on the efficiency of human interactions has proven to be...

Persistent link: https://www.econbiz.de/10011932074

Indeterminacy, Causality, and the Foundations of Monetary Policy Analysis

McCallum, Bennett T. - In: Swiss Journal of Economics and Statistics 146 (2010) 1, pp. 107-120

To be useful as a guide to behavior, a model that includes a relationship between x_t and z_t+1 must specify whether x_t is influenced by the expectation at t of z_t+1 or, that z_t+1 is inertially influenced by x_t. We show that, for a broad class of linear RE models, distinct causal...

Persistent link: https://www.econbiz.de/10011933213

Discussion of "Indeterminacy, Causality, and the Foundations of Monetary Policy Analysis" by Bennett McCallum

Tille, Cédric - In: Swiss Journal of Economics and Statistics 146 (2010) 1, pp. 121-125

Persistent link: https://www.econbiz.de/10011933214

Discussion of "Indeterminacy, Causality, and the Foundations of Monetary Policy Analysis" by Bennett T. McCallum

Assenmacher-Wesche, Katrin - In: Swiss Journal of Economics and Statistics 146 (2010) 1, pp. 127-130

Persistent link: https://www.econbiz.de/10011933215

Application of endogenous growth model to the economy of Pakistan: A cointegration approach

Mahmood, Haider; Chaudhary, Amatul R. - In: Pakistan Journal of Commerce and Social Sciences (PJCSS) 2 (2009), pp. 16-24

. The study examines the causality among economic Growth and all variables mentioned above over the period 1972-2005 using … Johansen.s maximum likelihood co-integration test and multivariate Granger causality test developed by Yamamoto and Toda (1995 …). The results of Granger causality indicated that in the short run, economic growth is caused by FDIs, domestic savings …

Persistent link: https://www.econbiz.de/10011938244