Search Results - subject:"Multiple Structural breaks"

Is income inequality persistent? Evidence using panel stationarity tests, 1870–2011

Islam, Md. Rabiul; Madsen, Jakob B. - In: Economics Letters 127 (2015) C, pp. 17-19

Using data on inequality for 21 OECD countries over the period 1870–2011 this paper tests the Piketty hypothesis that income inequality is likely to grow in the 21st century. It is shown that the null hypothesis of trend stationarity of inequality cannot be rejected at conventional...

Persistent link: https://www.econbiz.de/10011189531

Real convergence in West African Economic and Monetary Union (WAEMU)

Bah, Mohamed Siry - In: Economics letters 135 (2015), pp. 19-23

Persistent link: https://www.econbiz.de/10011434771

Is income inequality persistent? : evidence using panel stationarity tests ; 1870 - 2011

Islam, Md. Rabiul; Madsen, Jakob Brøchner - In: Economics letters 127 (2015), pp. 17-19

Persistent link: https://www.econbiz.de/10011382812

Multiple structural breaks and inflation persistence : evidence from China

Li, Tianfeng; Wei, June - In: Asian economic journal : journal of the East Asian … 29 (2015) 1, pp. 1-20

Persistent link: https://www.econbiz.de/10011372649

Monetary effects on oil and gold prices

Gillman, Max; Nakov, Anton - 2008

The paper presents a theory of nominal asset prices for competitively owned oil. Focusing on monetary effects, with flexible oil prices the US dollar oil price should follow the aggregate US price level. But with rigid nominal oil prices, the nominal oil price jumps proportionally to nominal...

Persistent link: https://www.econbiz.de/10010288811

Monetary Effects on Nominal Oil Prices

Gillman, Max; Nakov, Anton - Economics Section, Cardiff Business School - 2008

Persistent link: https://www.econbiz.de/10005509753

Panel Data Stochastic Convergence Analysis of the Mexican Regions

Carrion-i-Silvestre, Josep Lluís; German-Soto, Vicente - Facultat d'Economia i Empresa, Universitat de Barcelona - 2008

consideration of cross-section dependence and multiple structural breaks is required to ensure that the statistical inference is …

Persistent link: https://www.econbiz.de/10005059596

Response of inflation to shocks: New evidence from Sub-Saharan African countries

Narayan, Paresh Kumar - In: Economic Modelling 36 (2014) C, pp. 378-382

accounts for multiple structural breaks. We find strong evidence of panel stationarity of the inflation rate. However, for a … structural breaks. We find that except for Burkina Faso, Burundi and Gambia, the inflation rate is stationary for the rest of the … period 1966 to 2002. We use the Kwiatkowski, Phillips, Schmidt and Shin (KPSS, 1992) univariate test and allow for multiple …

Persistent link: https://www.econbiz.de/10010729836

Oil price risk in the Spanish stock market: An industry perspective

Moya-Martínez, Pablo; Ferrer-Lapeña, Román; … - In: Economic Modelling 37 (2014) C, pp. 280-290

This study examines the sensitivity of the Spanish stock market at the industry level to movements in oil prices over the period 1993–2010, paying special attention to the presence of endogenously determined structural changes in the relationship between oil price changes and industry equity...

Persistent link: https://www.econbiz.de/10011048806

Testing the Prebisch–Singer hypothesis since 1650: Evidence from panel techniques that allow for multiple breaks

Arezki, Rabah; Hadri, Kaddour; Loungani, Prakash; Rao, Yao - In: Journal of International Money and Finance 42 (2014) C, pp. 208-223

powerful panel data stationarity tests that allow for endogenous multiple structural breaks. Results show that all the series …

Persistent link: https://www.econbiz.de/10010743973