Similar Search Results

Export Behaviour and Propensity to Innovate in a Developing Country: The Case of Tunisia

Rahmouni, Mohieddine; Yildizoglu, Murat; Ayadi, Mohamed - HAL - 2011

. This article dedicated to this question through the analysis of the first innovation survey of Tunisian firms. We analyze … the relationship between the export behaviour and the innovation propensity of the firms as it can be qualified using … innovation survey in Tunisia. Our results show that firms that address both the domestic and foreign demands (partial- exporters …

Persistent link: https://www.econbiz.de/10009211253

Origins of the Maturity and Currency Mismatches in the Balance Sheet of Emerging Countries: a Theoretical Approach

Bunda, Irina - HAL - 2003

The aim of this paper is to highlight the origins of the currency and maturity mismatches in the balance sheets of emerging countries. We show that short-term debt in the form of demandable debt works as a commitment device of the financial intermediary and as a form of protection of foreign...

Persistent link: https://www.econbiz.de/10008789653

Purchasing Power Parity for developing and developed countries. What can we learn from non-stationary panel data models?

Drine, Imed; Rault, Christophe - HAL - 2008

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...

Persistent link: https://www.econbiz.de/10008791812

Buoyant Capital Spending and Worries over Real Appreciation: Cold Facts from Algeria

Kpodar, Kangni; Loko, Boileau; Diallo, Oumar - HAL - 2011

The Government of Algeria has pursed a relatively expansionary fiscal policy in recent years, thanks to rising oil prices and revenues. The paper explores the potential effects of such a stance on real exchange rate and uncovers a relatively small appreciating effect of increased government...

Persistent link: https://www.econbiz.de/10008805952

Appreciation of the renminbi and urban-rural income disparity

Jeanneney, Sylviane Guillaumont; Hua, Ping - HAL - 2011

Although poverty has been significantly decreased in China over the last twenty years, this decrease has been highly unequal across the provinces and has brought increased disparity in urban and rural per capita income. We studied the impact of exchange rate policy on urban-rural per capita...

Persistent link: https://www.econbiz.de/10008805955

Government Spending, Monetary Policy, and the Real Exchange Rate

Eyquem, Aurélien; Bouakez, Hafedh - HAL - 2012

A robust prediction across a wide range of open-economy macroeconomic models is that an unanticipated increase in public spending in a given country appreciates it currency in real terms. This result, however, contradicts the findings of a number of recent empirical studies, which instead...

Persistent link: https://www.econbiz.de/10009401096

The Effects of the Subprime Crisis on the Latin American Financial Markets: An Empirical Assessment

Dufrénot, Gilles; Mignon, Valérie; Peguin-Feissolle, Anne - HAL - 2011

The aim of this article is to answer the following question: can the considerable rise in the volatility of the LAC … market volatility, especially in Mexico. …

Persistent link: https://www.econbiz.de/10009004294

Estimation of the long memory parameter in non stationary models: A Simulation Study

Boutahar, Mohamed; Khalfaoui2, Rabeh - HAL - 2011

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

Financial Markets Equilibrium with Heterogeneous Agents

Cvitanic, Jaksa; Jouini, Elyès; Malamud, Semyon; Napp, … - HAL - 2012

market price of risk, the risk free rate, the bond prices at dierent maturities, the stock price and volatility as well as …

Persistent link: https://www.econbiz.de/10009360288

Time Series Technical Analysis via New Fast Estimation Methods: A Preliminary Study in Mathematical Finance

Fliess, Michel; Join, Cédric - HAL - 2008

of the volatility with respect to the forecasted trendline, are provided. $\mathcal{Z}$-transform and differential …

Persistent link: https://www.econbiz.de/10008791958