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Sgro, Pasquale M; Lagana, Gianluca - In: Economics Bulletin 31 (2011) 2, pp. 1856-1868

A factor-augmented vector autoregressive (FAVAR) model is applied to determine the effects of a rise in US government expenditure on the United States and Canadian economies. The results obtained reasonably characterize the effect of a rise in US government spending to the United States and...

Persistent link: https://www.econbiz.de/10009144887

The relationship between the F-test and the Schwarz criterion: Implications for Granger-causality tests

Atukeren, Erdal - In: Economics Bulletin 30 (2010) 1, pp. 494-499

In applied research, the Schwarz Bayesian Information Criterion (BIC) and the F-test might yield different inferences about the causal relationships being investigated. This paper examines the relationship between the BIC and the F-tests in the context of Granger-causality tests. We calculate...

Persistent link: https://www.econbiz.de/10008562851

The relationship between the F-test and the Schwarz criterion: Implications for Granger-causality tests

Atukeren, Erdal - In: Economics Bulletin 30 (2010) 1, pp. 494-499

Persistent link: https://www.econbiz.de/10008596140

Partial efficient estimation of SUR models

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

) 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 equal asymptotic efficiency of the OLS and FGLS estimators of a subset … OLS and GLS/FGLS estimators of the whole coefficient vector (see for example, Dwivedi and Srivastava, 1978) to the …

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

Pitfall of simple permanent income hypothesis model

Masuda, Kazuto - In: Economics Bulletin 31 (2011) 1, pp. 35-40

Permanent Income Hypothesis (hereafter, PIH) is one of the central concepts in macroeconomics. Single equation version of PIH is often appeared in textbooks and academic papers. But, even in single equation version of PIH Romer(2006) suggested, to get economic insights from estimation, we need...

Persistent link: https://www.econbiz.de/10008784418

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 over a period from 1991 to 2010, with a particular focus on sectoral expenditures. Five key sectors were preferred (security, health, education, transportation and communication...

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

Tax enforcement may decrease government revenue

Besfamille, Martin; Donder, Philippe De; Lozachmeur, … - In: Economics Bulletin 29 (2009) 4, pp. 2665-2672

We analyze the relation between tax enforcement, aggregate output and government revenue when imperfectly competitive firms evade a specific output tax. We show that aggregate output decreases with tax enforcement. Government revenue increases with enforcement when the tax is low. When the tax...

Persistent link: https://www.econbiz.de/10008562999

Interactions of money market between china and the us: pre-crises and post-crises

Yang, Lu - In: Economics Bulletin 32 (2012) 2, pp. 16-16

affect China's economy, for example, I operate the VAR model to specify the relationship between the parameters of the …

Persistent link: https://www.econbiz.de/10011208236

Measuring the impact of monetary policy: a factor-augmented vector autoregressive (favar) approach under bayesian framework

Wagan, Hakimzadi - In: Economics Bulletin 31 (2011) 4, pp. 48-48

(2003). Traditional approaches, such as vector auto regressive (VAR) models have not yielded satisfactory results because of … augmenting VAR model with factors summarizing the information of a vast data set that is used by central banks in monetary policy …

Persistent link: https://www.econbiz.de/10010836224

Energy use and economic growth in Africa: a panel Granger-causality investigation

Arouri, Mohamed El Hedi; Youssef, Adel Ben; M'Henni, Hatem - In: Economics Bulletin 34 (2014) 2, pp. 1247-1258

We make use of a bootstrap panel analysis of causality between energy use and economic growth for a sample of sixteen African countries over the period 1988-2010. Our results show that growth and energy use are strongly linked in Africa. However, African countries are heterogeneous and there is...

Persistent link: https://www.econbiz.de/10010836236