The Impact of Education Quality on Economic Growth: A Panel Cointegration and Causality Analysis
ABSTRACT The study investigates the dynamic relationship between education quality and economic growth in developed and developing countries for the period 2000–2020. Considering the Group Mean Fully Modified OLS (GM‐FMOLS) model, the results prove the existence of long‐run equilibrium relationships among observed variables and that education quality ...
Mariem Gharsallah, Salwa Trabelsi
wiley +1 more source
Linear versus non‐linear modelling: A systemic analysis with empirical data on credit and investment
Abstract The purpose of this article is to shed light on the capabilities of linear versus non‐linear forms of modelling complex systems. A comparative analysis is realized, which shows the differences between two established methods — regression analysis (RA) and system dynamics (SD).
Chaiporn Vithessonthi +2 more
wiley +1 more source
Interest rate rules and monetary targeting: What are the links? [PDF]
The paper derives the monetary policy reaction function implied by money growth targeting. It consists of an interest rate response to deviations of the inflation rate from target, to the change in the output gap, to money demand shocks and to the lagged
Gerberding, Christina +2 more
core
Estimation and Inference for Higher‐Order Stochastic Volatility Models With Leverage
ABSTRACT Statistical inference—estimation and testing—for stochastic volatility models is challenging and computationally expensive. This problem is compounded when leverage effects are allowed. We propose efficient, simple estimators for higher‐order stochastic volatility models with leverage [SVL(p)$$ (p) $$], based on a small number of moment ...
Md. Nazmul Ahsan +2 more
wiley +1 more source
ABSTRACT Environmental issues have been at the heart of the global and EU member states policy agenda at least for the last decade. Currently, support for innovation is one of the focal areas of environmental sustainability development, with a focus on digitalization and information technology as leading driving forces of the current sixth wave of ...
Jana Hojnik +3 more
wiley +1 more source
Fundamental uncertainty and unconventional monetary policy: an info-gap approach. Bruegel Working Paper Issue 1 / 2017 [PDF]
This paper applies the info-gap approach to the unconventional monetary policy of the Eurosystem and so takes into account the fundamental uncertainty on inflation shocks and the transmission mechanism.
Ben-Haim, Yakov +2 more
core
Climate change and economic growth: Evidence for European countries
Abstract Climate change may affect economies and the welfare of people around the world. To design appropriate policy responses, the economic effects of climate change should be known. One strand in the literature empirically estimates the growth effects of climatic variations. However, those studies often neglect economic variables that have proven to
Alfred Greiner +2 more
wiley +1 more source
An Overhaul of a Doctrine: Has Inflation Targeting Opened a New Era in Developing-country Peggers? [PDF]
The aim of this paper is to empirically examine the effect of a regime switch, from exchange-rate targeting (fixed exchange rate) to inflation targeting, on monetary policy in developing economies, hence adding to evidence on whether inflation targeting ...
Marjan Petreski
core +2 more sources
The Reputation Effect of Repeated Green‐Bond Issuance and Its Impact on the Cost of Capital
ABSTRACT This study explores the effect of frequent green‐bond issuance on a firm's financing costs. Using a sample of listed Swedish real estate companies issuing a total of 1074 bonds over the period from 2011 to 2021, difference‐in‐differences analyses and instrumental variable estimations are applied to identify the causal impact of frequent green ...
Aleksandar Petreski +2 more
wiley +1 more source
Asymmetry of Relative Prices and Inflation Dynamics in Brazil [PDF]
This paper analyzes how the asymmetry of relative prices fits as a measure of supply shock in the Hybrid New Keynesian Phillips Curve (HNPKC). For this purpose, monthly data from January 2003 to December 2023 is used, along with the generalized method of
Arruda, Elano Ferreira +1 more
core +2 more sources

