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International R&D Spillovers: An Application of Estimation and Inference in Panel

Chiang, Min-Hsien; Kao, Chihwa; Chen, Bangtian - EconWPA - 1997

In this paper, we apply the asymptotic theory of panel cointegration developed by Kao and Chiang (1997) to Coe and …

Persistent link: https://www.econbiz.de/10005119273

A COINTEGRATION AND ERROR CORRECTION APPROACH TO DEMAND FOR MONEY IN FIJI: 1971-2002

Rao, B Bhaskara; Singh, Rup - EconWPA - 2005

Demand for money is an important macroeconomic relationship. Its stability has implications for the choice of monetary … policy targets. This paper estimates demand for narrow money in Fiji and evaluates its robustness and stability. It is found … adequately captured by the cointegration and error- correction models. Income and interest rate elasticities are found to be …

Persistent link: https://www.econbiz.de/10005126361

Will the monetary pillar stay? : A few lessons from the UK

Paesani, Paolo (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001749485

A small monetary system for the euro area based on German data

Brüggemann, Ralf (contributor); … - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002233737

Cointegration in Frequency Domain

Levy, Daniel - EconWPA - 2004

Existence of a cointegration relationship between two time series in the time domain imposes restrictions on the series …

Persistent link: https://www.econbiz.de/10005556273

Assessing Forecast Performance in a VEC Model: An Empirical Examination

Bragoudakis, Zacharias - EconWPA - 2005

This paper is an exercise in applied macroeconomic forecasting. We examine the forecasting power of a vector error-correction model (VECM) that is anchored by a long-run equilibrium relationship between Greek national income and productive public expenditure as suggested by the economic theory....

Persistent link: https://www.econbiz.de/10005556281

Testing Cointegration Rank in Large Systems

Pu, Chen; Chihying, Hsiao - EconWPA - 2005

In this paper we investigate the possibility of the application of subsampling procedure for testing cointegration … distribution and nuisance parameters in testing for cointegration rank without an explicitly formulated structural model. The … cointegration rank in large scale models, where the standard procedures hits already its limit. Especially for the cases of few …

Persistent link: https://www.econbiz.de/10005556351

Estimating Short and Long Run Relationships: A Guide to the Applied Economist

Rao, Bhaskara - EconWPA - 2005

Many applied economists face problems in selecting an appropriate technique to estimate short and long run relationships with the time series methods. This paper reviews three alternative approaches viz., general to specific (GETS), vector autoregressions (VAR) and the vector error correction...

Persistent link: https://www.econbiz.de/10005556358

DEMAND PULL AND SUPPLY PUSH IN PORTUGUESE CABLE TELEVISION

Leitão, João - EconWPA - 2004

In this paper a Vector Autoregressive Model is applied to the most representative Portuguese cable television operators, in order to obtain a dynamic analysis of the interactivity established between the supply and the demand of network services, through the strategy of vertical integration of...

Persistent link: https://www.econbiz.de/10005556388

Foreign Trade Regimes and Import Demand Function: Evidence from Sri Lanka

Emran, M. Shahe; Shilpi, Forhad - EconWPA - 2001

Time series data for Sri Lanka span periods of pervasive trade and exchange restrictions along with periods of liberalized trade. This paper implements a structural econometric model of aggregate imports which incorporates the implications of the shifts in the policy regime. The results...

Persistent link: https://www.econbiz.de/10005556426