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Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. In the paper Latvian economic indicators before and after entering the EU are...
Persistent link: https://www.econbiz.de/10009216353
developed internal producing, from abroad the various goods are imported into Latvia, negative difference of export and import … the capital. After incoming into EU Latvia has started to export labour force. As a result of migration of labour in … export potential of internal products. EU grants, capital inflow, gain of wages has caused an inflation gain in Latvia …
Persistent link: https://www.econbiz.de/10008855257
Persistent link: https://www.econbiz.de/10010433402
Persistent link: https://www.econbiz.de/10011592384
This paper conducts a broad-based comparison of iterated and direct multi-period forecasting approaches applied to both univariate and multivariate models in the form of parsimonious factor-augmented vector autoregressions. To account for serial correlation in the residuals of the multi-period...
Persistent link: https://www.econbiz.de/10014042344
The size and power properties of several tests of equal Mean Square Prediction Error (MSPE) and of Forecast Encompassing (FE) are evaluated, using Monte Carlo simulations, in the context of dynamic regressions. For nested models, the F-type test of forecast encompassing proposed by Clark and...
Persistent link: https://www.econbiz.de/10013149803
Abstract Comparative ex-ante prediction experiments over expanding subsamples are a popular tool for the task of selecting the best forecasting model class in finite samples of practical relevance. Flanking such a horse race by predictive-accuracy tests, such as the test by Diebold and Mariano...
Persistent link: https://www.econbiz.de/10011895825
. Dynamic panel data estimations based on firm-level data for the period 2004-2014 suggest that the two variables are … stronger for export-oriented, low-leveraged and younger firms and firms that operate in sectors whose exports are less import …
Persistent link: https://www.econbiz.de/10012650153
due to a correlation of the time-fixed regressors with the combined error term in panel data settings. A common solution … these findings by estimating gravity type models for German regional export activity within the EU. The results show that …
Persistent link: https://www.econbiz.de/10011524111
which N can grow simultaneously to T for the tests statistics of panel group-mean of time-series estimators to be …
Persistent link: https://www.econbiz.de/10013064659