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Does Income Converge among EU Member Countries following the Post-War Period? Evidence from the PANKPSS Test

Ozcan, Burcu - In: Journal for Economic Forecasting (2014) 3, pp. 22-38

In this study, we examine both stochastic and deterministic convergence in the logarithm of the relative per capita income of eighteen EU countries. The panel stationary test developed by Carrion-i Silvestre et al. (2005) is employed over the period 1950-2010. The univariate results attained...

Persistent link: https://www.econbiz.de/10010938021

Granger causality between debt and growth: Evidence from OECD countries

Puente-Ajovín, Miguel; Sanso-Navarro, Marcos - In: International Review of Economics & Finance 35 (2015) C, pp. 66-77

This paper analyzes the possible presence of Granger causality between debt and growth in 16 OECD countries from 1980 to 2009. This is done considering not only government debt but also non-financial corporate and household debt. The panel bootstrap Granger causality test applied allows us to...

Persistent link: https://www.econbiz.de/10011077055

Panel Data Stochastic Convergence Analysis of the Mexican Regions

Carrion-i-Silvestre, Josep Lluís; German-Soto, Vicente - Facultat d'Economia i Empresa, Universitat de Barcelona - 2008

The stochastic convergence amongst Mexican Federal entities is analyzed in panel data framework. The joint consideration of cross-section dependence and multiple structural breaks is required to ensure that the statistical inference is based on statistics with good statistical properties. Once...

Persistent link: https://www.econbiz.de/10005059596

Divergence in State-Level Per Capita Carbon Dioxide Emissions

Aldy, Joseph - 2006

Decisionmakers considering policies to mitigate climate change will benefit from information about current and future distributions of carbon dioxide (CO2) emissions. Examining the emissions dynamics of advanced economies that have experienced income convergence could provide insights about how...

Persistent link: https://www.econbiz.de/10005442433

On Asymmetric Business Cycle Effects on Convergence Rates: Some European Evidence

María-Dolores, Ramón; Sancho, Israel - Society for Computational Economics - SCE - 2004

In this paper, we provide empirical evidence for some European countries, over the period 1963-2000, on whether business cycle affects convergence process or catching-up. To do so, we first evaluate beta-convergence. We find evidence in favour of this type of convergence for six countries...

Persistent link: https://www.econbiz.de/10005345285

CONVERGENCE IN THE CANADIAN PROVINCES: EVIDENCE USING UNEMPLOYMENT RATES

Fallahi, Firouz; Rodríguez, Gabriel - Departamento de Economía, Pontificia Universidad … - 2011

Quarterly time series data from Canada and the Canadian provinces for the period 1976:1-2005:3 are examined to determine if the unemployment rates in the Canadian provinces are converging to the national rate of unemployment. Firstly, we check for existence of stochastic convergence using recent...

Persistent link: https://www.econbiz.de/10009201046

Are Eastern European Countries Catching Up? Time Series Evidence for Czech Republic, Hungary, and Poland

Brüggemann, Ralf; Trenkler, Carsten - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2005

The catching up process in Czech Republic, Hungary, and Poland is analyzed by investigating the integration properties of log-differences in per-capita GDP versus the EU15 and a Mediterranean country group. We account for structural changes by using unit root tests that allow for two endogenous...

Persistent link: https://www.econbiz.de/10005489975

Structural Breaks in Trade and Income Per Capita in ASEAN-5 Countries: An Application of Innovational Outlier Models

Jayanthakumaran, Kankesu; Pahlavani, Mosayeb - School of Accounting, Economics, and Finance, … - 2006

The founder members of the Association of Southeast Asian Nations (ASEAN-5) – Malaysia, Indonesia, Thailand, the Philippines and Singapore – increasingly adopted outward-oriented policies in trade and investment by enforcing reforms in the mid-1980s. This paper investigates the existence of...

Persistent link: https://www.econbiz.de/10005515441

R&D Races and Spillovers between the EU and the US: Some Causal Evidence

Atukeren, Erdal - KOF Swiss Economic Institute, Department of Management, … - 2005

-cause of both R&D and economy-wide productivity in the US, and the effects are negative. On the other hand, the EU reacts … positively to increases in R&D productivity in the US. Thus, the US can be said to respond submissively to an R&D move by the EU … with the actual developments in the productivity differentials between the EU and the US and the patterns in their relative …

Persistent link: https://www.econbiz.de/10005515976

Government Outlays, Economic Growth and Unemployment: A VAR Model

Abrams, Burton A.; Wang, Siyan - Department of Economics, Lerner College of Business and … - 2007

This paper examines the dynamic effects of government outlays on economic growth and the unemployment rate in the context of vector autoregression. We utilize data from 20 OECD countries over three recent decades. Our main conclusions are: (1) positive shocks to government outlays will slow down...

Persistent link: https://www.econbiz.de/10005487460