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Econometric Analysis of Fiscal Policy Budget Constraints in Endogenous Growth Models

Tsukuda, Yoshihiko; Miyakoshi, Tatsuyoshi - In: Economics Bulletin 30 (2010) 4, pp. 2884-2894

Kneller et al. (1999) examined the predictions of the public-policy endogenous growth models of Barro (1990) and others that suggest that unlike distortionary taxation and productive expenditures, nondistortionary taxation and nonproductive expenditures have no direct effect on the rate of...

Persistent link: https://www.econbiz.de/10008692042

Econometric analysis of carbon markets: the european union emissions trading scheme and the clean development mechanism

Chevallier, Julien - In: Economics Bulletin 31 (2011) 4, pp. 53-53

at those with a basic understanding of time series econometrics, this book will be extremely useful for researchers and … especially those in econometrics and carbon finance. The material is also appropriate for students (advanced undergraduates, MSc …, MBA) in the field of econometrics, energy and environmental economics. Readers are supplied with hyperlinks to data and R …

Persistent link: https://www.econbiz.de/10010835907

Efficiency measurement with nonstationary variables: an application of panel cointegration techniques

Tsionas, Efthymios; Christopoulos, Dimitris - In: Economics Bulletin 3 (2001) 14, pp. 1-7

In this paper, we apply panel cointegration tests and estimation techniques to obtain efficiency measures when it is … data. We illustrate the dangers of efficiency measurement with panel data when integration and cointegration are not taken …

Persistent link: https://www.econbiz.de/10005094912

Exchange rate fluctuations and extra-eurozone exports: A comparison of Germany and France

Rey, Serge - In: Economics Bulletin 31 (2011) 2, pp. 1131-1150

To study the extra-eurozone exports of goods by France and Germany, this study applies cointegration methods to …

Persistent link: https://www.econbiz.de/10009643087

Health care expenditures in Asia countries: Panel data analysis

Boungnarasy, Munic - In: Economics Bulletin 31 (2011) 4, pp. 3169-3178

panel unit root and cointegration tests from 11 Asian countries using balanced panel data for the period of 1975ï¼2006. The … findings suggest the presence of unit-roots and cointegration in HCE and GDP in Asian data for both cases of with and without …

Persistent link: https://www.econbiz.de/10009365637

Cointegration between carbon spot and futures prices: from linear to nonlinear modeling

Chevallier, Julien - In: Economics Bulletin 32 (2012) 1, pp. 160-181

This paper develops two nonlinear cointegration models - a VECM with structural shift and a threshold cointegration … threshold cointegration models. We find strong error-correction effects for the carbon futures price. Asymmetry is implied in …

Persistent link: https://www.econbiz.de/10009397028

Identification of Driving Factors for Emerging Markets Sovereign Spreads

Sun, Edward W.; Tenengauzer, Daniel; Bastani, Ali; … - In: Economics Bulletin 31 (2011) 3, pp. 2584-2592

The objective of this paper is to identify the relationship between sovereign yield spreads and macroeconomic variables in emerging markets. We find that the correlation between spreads and GDP is negative. Real effective exchange rate depreciation enlarges spreads and increasing in risk...

Persistent link: https://www.econbiz.de/10009293532

Optimal taxation and budget deficits: Evidence for the EU's New Member States

Reitschuler, Gerhard - In: Economics Bulletin 31 (2011) 3, pp. 2593-2602

The tax smoothing hypothesis (TSH) is tested for the New Member States of the European Union. Our results show that the TSH holds for five countries, the introduction of the Maastricht 3%-deficit rule, however, had very little effect with regard to the validity of the TSH.

Persistent link: https://www.econbiz.de/10009293596

Export and economic growth in Southeast Asia current Newly Industrialized Countries: Evidence from nonparametric approach

Lim, Shiok Ye; Ghazali, Mohd Fahmi; Ho, Chong Mun - In: Economics Bulletin 31 (2011) 3, pp. 2683-2693

-growth nexus in four current Newly Industrialized Countries by nonparametric methodology. Results from Breitung cointegration test … show existence of nonlinearities in the cointegration relationship of exports and economic growth in Malaysia, Thailand and … Indonesia. With evidences of nonlinearities from cointegration test, nonparametric causality test based on rank series provides …

Persistent link: https://www.econbiz.de/10009322476

Cointegrated money in production function: evidence from a developing country

Nasir, Muhammad; Jan, Qasim; Javid, Muhammad - In: Economics Bulletin 31 (2011) 4, pp. 2996-3005

with sophisticated econometric techniques powered us to conduct this study. The underlying study employs cointegration … cointegration results confirm money as an important factor input in the production function in the long run. The variance …

Persistent link: https://www.econbiz.de/10009324134