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This paper analyzes long-run co-movements between international real estate stock markets and between regions based on bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and Zhang (2009) and Yunus (2009) among others, this...
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Religion is increasingly acknowledged to be a cultural dimension which affects economic outcomes in different regards. This contribution focuses on religion’s possible impact on the shadow economy. Different dimensions of the religious markets are taken into account. These dimensions refer to...
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-linear least squares estimation procedures. Thereby we take advantage of the new World-Input-Output Database. This allows us for … the first time to use one consistent dataset for the estimation process and gives us the opportunity to derive … standard linear estimations using Kmenta approximations, non-linear estimation techniques perform significantly better …
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The global financial crisis has brought to an end a rather unprecedented period of banks’ international expansion. We analyze the effects of the crisis on international banking. Using a detailed dataset on the international assets of all German banks with foreign affiliates for the years...
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