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Oil prices and trade balance: A wavelet based analysis for India

Tiwari, Aviral Kumar; Olayeni, Olaolu Richard - In: Economics Bulletin 33 (2013) 3, pp. 2270-2286

The study examinations lead-lag relationship between real oil price (ROP) and real trade balance (RTB) for India using … of coherency and corresponding year-scales, real oil price was leading over India's trade balance indicating that an … increase in the oil price will increase India's trade balance. These results corroborate the findings in Le and Chang (2013 …

Persistent link: https://www.econbiz.de/10010691438

The Fall of Bretton Woods: Which Geography Matters?

Ali, Leila; Lebreton, Marie - In: Economics Bulletin 33 (2013) 2, pp. 1396-1419

This paper analyses the spatial diffusion of the speculative attacks during the fall of the Bretton Woods System. First, we study the spatial heterogeneity of the relationship between speculative pressures and their determinants via a locally linear framework. Here, relationships were assumed to...

Persistent link: https://www.econbiz.de/10010835826

Is there an S-curve relationship between U.S. trade balance and terms of trade? An analysis across industries and countries

Ghosh, Amit - In: Economics Bulletin 32 (2012) 1, pp. 325-337

A key relationship in international economics is that between trade flows and exchange rates. This paper examines the empirical evidence of S-curve relationship between U.S. trade balance and terms of trade both at the aggregated and disaggregated level from 1989Q1 to 2010Q4. I find evidence of...

Persistent link: https://www.econbiz.de/10009421770

An empirical study between government sectoral expenditure and indian economic growth

Bhunia, Amalendu - In: Economics Bulletin 31 (2011) 4, pp. 47-47

The purpose of the present study is to examine the growth effect of government expenditure on economic growth in India …

Persistent link: https://www.econbiz.de/10010630296

Effects of Exchange Rate Volatility on Exports: Evidence from India

Panda, Sidheswar; Mohanty, Ranjan Kumar - In: Economics Bulletin 35 (2015) 1, pp. 305-312

This study empirically examines the effects of real exchange rate volatility on India's exports using time series data …. India's export volume is positively related to the World GDP. India's export volume is negatively affected by its own real … export volume in case of India. …

Persistent link: https://www.econbiz.de/10011199670

What Explains Real and Nominal Exchange Rate Fluctuations?: Evidence from SVAR Analysis for India

Inoue, Takeshi; Hamori, Shigeyuki - In: Economics Bulletin 29 (2009) 4, pp. 2803-2815

This study empirically analyzes the sources of the exchange rate fluctuations in India by employing the structural VAR … output of India and a foreign country. Consistent with most previous studies, the empirical evidence demonstrates that real …

Persistent link: https://www.econbiz.de/10008562883

The J-Curve at the industry level: evidence from U.S.-India trade

Bahmani-Oskooee, Mohsen; Mitra, Rajarshi - In: Economics Bulletin 29 (2009) 2, pp. 1520-1529

trade data and provided mixed results. One recent study disaggregated the trade data between India and the rest of the world … and used bilateral trade data between India and her seven major trading partners. No significant relation was found … between the real exchange rate and the bilateral trade balance between India and her major partner, the U.S. In this paper we …

Persistent link: https://www.econbiz.de/10008563245

Robust estimation based on the third-moment restriction of the error terms for the Box-Cox transformation model: An estimator consistent under heteroscedasticity

Nawata, Kazumitsu - In: Economics Bulletin 35 (2015) 2, pp. 1056-1064

The Box-Cox (1964) transformation model is widely used in various fields of econometrics and statistics. Generally, the maximum likelihood estimator under the normality assumption (BC MLE) is used. However, the BC MLE is not consistent under heteroscedasticity, even if the â€œsmall...

Persistent link: https://www.econbiz.de/10011265566

Partial efficient estimation of SUR models

Qian, Hailong; Bednarek, Heather L. - In: Economics Bulletin 35 (2015) 1, pp. 338-348

In this paper, we consider efficient estimation of coefficients of interest in seemingly unrelated regressions (SUR) models. Using the GMM interpretation of the usual OLS and GLS/FGLS estimation of regression coefficients in SUR models, we derive the necessary and sufficient condition for the...

Persistent link: https://www.econbiz.de/10011199632

On distribution approximation: a simple comparative study on procedural variations of the Zheng test

Dacuycuy, Lawrence - In: Economics Bulletin 3 (2005) 11, pp. 1-10

The study analyzes the performance of the Zheng test for functional form in different scenarios concerning the distribution approximation of the test statistic. We apply the test statistic for validating simple wage functions.

Persistent link: https://www.econbiz.de/10011208199