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volatility, it would actually increase domestic price volatility in developing countries, largely by restricting imports when … negotiations under the Doha Development Agenda. It includes both price (P-SSM) and quantity-triggered measures (Q-SSM). This paper …, and boost mean domestic production in the SSM regions. However, rather than insulating countries that use it from price …
Persistent link: https://www.econbiz.de/10009020665
of income. Yet some in this debate have argued that, given the extreme volatility in agricultural commodity markets, the … additional price and poverty impacts due to trade liberalization might well be undetectable. This paper formally tests this … the comparison of two sets of price and poverty distributions. The first originates solely from the inherent variability …
Persistent link: https://www.econbiz.de/10009020709
Replaced with revised version of paper 07/22/11.
Persistent link: https://www.econbiz.de/10009020960
significant efforts, several structural sources of volatility remain, and new ones have emerged as a result of the new and …
Persistent link: https://www.econbiz.de/10009021319
positively linked to the conditional volatility of future real activity and of equity returns. The joint information in sectoral …
Persistent link: https://www.econbiz.de/10009021656
The article deals with a typical phenomenon of financial time series - volatility. These time series usually embody … intermittent periods of relative "calm" and quite high variability. A volatility modelling of time series is made with the help of … special econometric volatility models which characterize the so-called conditional heteroskedasticity. The goal of this paper …
Persistent link: https://www.econbiz.de/10009021821
This paper studies the impact of the level and volatility of commodity terms of trade on economic growth, as well as on …. We argue that volatility, rather than abundance per se, drives the "resource curse" paradox and also investigate …, volatility exerts a negative impact on economic growth operating mainly through lower accumulation of physical capital. Our …
Persistent link: https://www.econbiz.de/10009024881
In this paper we perform a Monte Carlo study based on three well-known semiparametric estimates for the long memory fractional parameter. We study the efficiency of Geweke and Porter-Hudak, Gaussian semiparametric and wavelet Ordinary Least-Square estimates in both stationary and non stationary...
Persistent link: https://www.econbiz.de/10009025290
to help explain Uruguay’s cyclical volatility by comparing its evolution with New Zealand. We find that a long cycle … (Kuznets’ like) accounts for Uruguay’s greater volatility relative to New Zealand. We argue that the characteristics of the … cyclical volatility that Uruguay exhibits relative to New Zealand. Following Fanelli (2006), we claim that the relation between …
Persistent link: https://www.econbiz.de/10009131189
volatility is an important variable for explaining saving and investment dynamics. Our results indicate that as permanent … volatility increases, both investment and saving increase until a threshold at which point investment plummets while … precautionary saving surges. In contrast, with larger volatility of temporary shocks, investment falls and precautionary saving …
Persistent link: https://www.econbiz.de/10009132732