Results 101 to 110 of about 58,428 (305)
THE RANK OF A SUBMATRIX OF COINTEGRATION [PDF]
Econometric Theory, 2005 Summary: This paper proposes a test of the rank of the submatrix of \(\beta\), where \(\beta\) is a cointegrating matrix. In addition, the submatrix of \(\beta_\perp\), an orthogonal complement to \(\beta\), is investigated. We construct the test statistic by using the eigenvalues of the quadratic form of the submatrix.
openaire +4 more sources
International Studies of Economics, EarlyView.ABSTRACT South Africa's macroeconomic environment continues to be shaped by persistent structural imbalances, including high unemployment, inflationary pressures, and exchange rate fluctuations, all of which have important implications for the country's long‐term economic performance.
Thakhani Tshibalanganda +1 more
wiley +1 more source
Cointegration and Unit Roots. [PDF]
This paper provides an updated survey of a burgeoning literature on testing, estimation and model specification in the presence of integrated variables.
Jenkinson, Tim +2 more
core
Fiscal Policy Regimes in Resource‐Rich Economies
Journal of Applied Econometrics, EarlyView.ABSTRACT We analyse fiscal policy in resource‐rich economies using a novel Bayesian regime‐switching panel model. The identified regimes capture pro‐ or countercyclical fiscal behaviour by allowing regime‐specific shifts in the average fiscal stance, while the switches between the regimes have the interpretation of changes in fiscal policy.
Hilde C. Bjørnland +3 more
wiley +1 more source
Striking a Bargain: Narrative Identification of Wage Bargaining Shocks
Journal of Applied Econometrics, EarlyView.ABSTRACT Wage markup shocks, an important driver of business cycles, are hard to pin down. We quantify the importance of exogenous variation in wage bargaining power, one source of those shocks, from German minimum wage introduction episodes and strikes. This disciplines the impulse responses of unemployment and output, and sharpens inference for other
Žymantas Budrys +2 more
wiley +1 more source
International Journal of Management Studies, 2004 There has been intense debate between outward-oriented and inward-oriented trade strategies to foster industrialisation and hence economic growth. This has prompted considerable number of studies on the export-led growth (ELG) hypothesis.
Ghin Yin Leow
doaj
The Properties of Cointegration Tests in Models with Structural Change [PDF]
In this paper we examine, by means of Monte Carlo simulation, the properties of several cointegration tests when long run parameters are subject to structural changes.
Vasco J. Gabriel, Luis F. Martins
core
The Formation of Islamic REIT Prices in Malaysia: Analyses of Linkages and Transmissions
Journal of Corporate Accounting &Finance, EarlyView.ABSTRACT This paper examines the linkages and transmissions of five Islamic‐real estate investment trusts (I‐REITs) listed on the Kuala Lumpur stock exchange in Malaysia. In general, the five I‐REITs do not co‐move and are not linked. When the price linkage of each I‐REIT is analyzed, however, two of them, KLCC and AME, co‐move.
Takayasu Ito
wiley +1 more source
Seasonal adjustment and cointegration [PDF]
We examine the effects of seasonal adjustment filters on the size and power of ADF and PP residual-based cointegration tests via a Monte Carlo and an empirical application.
Jesus Otero, Jeremy Smith
core
Land Degradation &Development, EarlyView.ABSTRACT Forest fires have escalated alarmingly, now consuming more than double the tree cover compared to two decades ago, signaling a growing and urgent environmental crisis. This study addresses the ever increasing global concern of forest fires, focusing on sustainable economic recovery while minimizing the ecological footprint amid mounting ...
Laxita Soontha +2 more
wiley +1 more source