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-2011. We considered the sectoral RER and used the Johansen cointegration methodology to adjust the models. No evidence was …. Finally, for plastic exports we found a cointegration vector with plastic imports and the sectoral RER, showing the importance …
Persistent link: https://www.econbiz.de/10010894967
This paper explores the relationship between economic growth in reference to atmospheric pollution and air quality (CO2 and SO2, respectively) in Uruguay (a small-open economy) through the XX century. Departing from the theory behind the Environmental Kuznets Curve (EKC), a linear relationship...
Persistent link: https://www.econbiz.de/10009131213
research is to estimate the long-run elasticities of labour demand with respect to labour cost, cost of the use of capital and … product for the period 1986-2005, distinguishing between categories of employees. The elasticities were estimated using … Johansen cointegration analysis and the vector error correction model (VECM). The results indicate that in Uruguay the …
Persistent link: https://www.econbiz.de/10010765848
Investment is a key to analyze an economy’s growth, as its increase the economy productive capacity, either expanding the capital stock as incorporating new technology that makes the production process more efficient. In Uruguay, investment has substantially increased in recent years, both...
Persistent link: https://www.econbiz.de/10010894978
between variables, following Johansen methodology. We found two cointegration relationships, through Vector error correction …
Persistent link: https://www.econbiz.de/10010960084