This paper performs a fully real-time nowcasting (forecasting) exercise of US real gross domestic product (GDP) growth using Giannone, Reichlin and Small (2008) factor model framework which enables one to handle unbalanced datasets as available in real-time. To this end, we have constructed a...

In this paper we present a dynamic factor model that produces nowcasts and backcasts of Irish quarterly GDP using timely data from a panel dataset of 35 indicators. We apply a recently developed methodology, whereby numerous potentially useful indicator series for Irish GDP can be availed of in...

This paper assesses the ability of different models to forecast key real and nominal U.S. monthly macroeconomic variables in a data-rich environment and from the perspective of a real-time forecaster, i.e. taking into account the real-time data revisions process and data flow. We find that for...

Critical precondition for attaining growth and sustainable development is availability of a host of infrastructural facilities in adequate quantity and of reliable quality. The association between the latter and growth is well documented and a large number of theoretical propositions conclude...

The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...

This paper investigates the evolution of human capital in China for 31 provinces over the period of 1985-2016 from a club convergence perspective. Per capita human capital stocks, estimated using the Jorgenson-Fraumeni lifetime income approach, are for the first time examined within a non-linear...

Starting with a reduced form derived from standard urban economics theory, this paper estimates the possible job-shortfall across UK and EU regions using a time-space dynamic panel data model with a Spatial Moving Average Random Effects (SMA-RE) structure of the disturbances. The paper provides...

Starting with a reduced form derived from standard urban economics theory, this paper estimates the possible job-shortfall across UK and EU regions using a time-space dynamic panel data model with a Spatial Moving Average Random Effects (SMA-RE) structure of the disturbances. The paper provides...

This study assesses the export potential of East Asia for the Caribbean within the framework of a structural gravity model. Export potential of 30% is estimated to be available to the Caribbean within East Asia. Individual markets with the greatest export potential are Singapore, China, and...

The present study is, in particular, an attempt to test the relationship between tax level and political stability by using some economic control variables and to see the relationship among government effectiveness, corruption, and GDP. For the purpose, we used the Vector Autoregression (VAR)...