Linear Vector Error Correction Model Versus Markov Switching Vector Error Correction Model To Investigate Stock Market Behaviour [PDF]
, 2014 The stock market can reflect the economy of a country. The movement of the stock market index may imply the economic condition in general. The 1997 Asian Financial Crisis and the 2008 Global Economic Crisis are examples of share depressions that ...
Ismail, Mohd Tahir +2 more
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Forecasting Euro Area Aggregates with Bayesian VAR and VECM Models [PDF]
This paper focuses on Bayesian Vector Auto-Regressive (BVAR) models for the euro area. A modified hyperparameterization scheme based on the Minnesota prior that takes into account the economic nature of the variables in the model is used.
Luís Catela Nunes +1 more
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Expenditure trends in US advertising : long-term effects and structural changes with new media introductions [PDF]
, 2013 Historically US Media channels have competed to attract advertising expenditure from marketing. This has been a fierce battle, where, every few years, incumbents have been shattered by the introduction of a new media such as TV, Yellow Pages, Cable and
Esteban-Bravo, Mercedes +2 more
core +1 more source
The Adjustment of Prices and the Adjustment of the Exchange Rate [PDF]
The purchasing power parity puzzle relates to the adjustment of real exchange rates. Real exchange rates are extremely volatile, suggesting that temporary shocks emanate from the monetary sector.
Charles Engel, James Morley
core +3 more sources
Demand for imports in Venezuela : a structural time series approach [PDF]
Using structural time series models, Cuevas estimates common stochastic trends of real GDP and imports in Venezuela from 1974-2000. The real imports trend drifts upward at almost twice the rate of growth of GDP.
Cuevas, Mario A.
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Border effects on spatial price transmission between fresh tomato markets in Ghana and Burkina-Faso: Any case for promoting trans-border trade in West Africa? [PDF]
, 2011 Cross-border trade in food commodities within sub-regional economic blocks in Sub-Sahara Africa (SSA) is believed to be faster, cheaper, more convenient and welfare-enhancing than overseas trade between SSA countries and the USA, EU and the BRIC ...
Amikuzuno, Joseph
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Comovements in volatility in the euro money market [PDF]
This paper assesses the sources of volatility persistence in Euro Area money market interest rates and the existence of linkages relating volatility dynamics. The main findings of the study are as follows.
Cassola, Nuno, Morana, Claudio
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Dugoročni odnos ravnoteže između međunarodnog turizma, višeg obrazovanja i gospodarskog rasta u Sjevernom Cipru [PDF]
, 2010 The relationship between internatiomal tourism and economic growth deserves further attention compared to tourism demand models over the years. This study employs the bounds test for co-integration and Granger causality tests to investigate a long-run ...
Ceyhun Kilinc +2 more
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On the relationship between oil market and European stock returns. [PDF]
Environ Sci Pollut Res Int, 2023 Magazzino C, Shahbaz M, Adamo M.
europepmc +1 more source
Investment-specific technology shocks and international business cycles: an empirical assessment [PDF]
In this paper, we first introduce investment-specific technology (IST) shocks into an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses several
Diego Vilán +3 more
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