Unlike usual estimation techniques, we follow Clark (1989) to estimate the correlation between the transitory components of unemployment and output as part of a system of correlations between the permanent and transitory components of both series. This model provides better estimate of the...

This paper aims at estimating the impact of total renewable energy consumption and its components on industrial production. Paper launches the data of industrial production, total biomass energy consumption, hydroelectric energy consumption, geothermal energy consumption and total renewable...

Since the mid-2000s, Japan's industrial production (IP) has been characterized by increasing volatility. To examine the background to this, we apply the structural factor analysis developed by Foerster, Sarte, and Watson (2011) and decompose variations in Japan's IP into aggregate and sectoral...

The paper provides new evidence on possible structural breaks in the relationship among business Confidence and industrial activity in Europe in the aftermath of the recession. Possible interpretation is that the crisis has determined a change in the pattern of response in surveys, firms now...

Sudden changes in oil prices have been a major concern for countries – oil producing and non-oil producing countries alike. Due to this, we assessed the effects of such an uncertainty on the real output of Nigeria, an oil producing country, during the period 1980:1 to 2014:4. We achieved this...

This paper aims to verify how the performance of the agricultural sector affects the process of structural transformation of the Moroccan economy. It analyzes the dynamics of productivity in two ways. First, the speed of convergence of agricultural productivity to the level recorded by other...

Using input-output data from the World Input-Output Database (172 Symmetric Input-Output Tables of 43 countries, spanning the period 2000-2014), this paper estimates the degree and rank of Kalman controllability of the relevant Sraffian price systems. The findings suggest that: (i) the degree of...

In this article the sensitivity analysis of an economic model is provided with detail mathematical analysis. To achieve maximum profit through sustainable way in the competitive global economy; an organization must scrutinize sensitivity analysis efficiently. In the study Cobb-Douglas production...

During profit maximization procedure an industry faces various difficulties; and increase of cost of principal raw material is one of them that happen frequently. In this study an attempt is taken to discuss economic effects on various inputs when the cost of principal raw material is increased....

This paper examines the modelling complications that appear when some macroeconomic behavioral relationships interact with structural variables, even under a given A matrix. The main problem is concretized for the situation when, a) the final consumption, gross fixed capital formation, inventory...