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Twin deficits through the looking glass : time-varying analysis in the euro area

Afonso, António; Coelho, José Carlos - 2022

Using two measures of the fiscal position, the cyclically adjusted primary budget balance (CAPB) and the total budget balance, we assess the Twin Deficit Hypothesis for the Euro Area in the period 1995-2020. Furthermore, we estimate time-varying coefficients of the current account balance...

Persistent link: https://www.econbiz.de/10012813893

Budgetary and external imbalances relationship : a panel data diagnostic

Afonso, António; Rault, Christophe - 2008

We assess the cointegration relationship between current account and budget balances, and effective real exchange rates …, using recent bootstrap panel cointegration techniques and SUR methods. We investigate the magnitude of the relationship … panel cointegration tests used allow for within and between correlation, while the SUR results show both positive and …

Persistent link: https://www.econbiz.de/10003803327

Budgetary and external imbalances relationship : a panel data diagnostic

Afonso, António; Rault, Christophe - 2009

Persistent link: https://www.econbiz.de/10003808652

Budgetary and External Imbalances Relationship : A Panel Data Diagnostic

Afonso, António; Rault, Christophe - 2021

Persistent link: https://www.econbiz.de/10013316457

Infrastructure and Labour Productivity : Panel Co-Integration and DOLS Evidence from the Indian Manufacturing Sector

Sharma, Chandan; Mishra, Ritesh Kumar - 2010

Using data on the Indian manufacturing sector, which cover the years 1994 to 2006, the study assesses the labour productivity elasticity with respect to public infrastructure. Since earlier studies have merely examined the effect either on the total factor productivity (TFP) growth of the...

Persistent link: https://www.econbiz.de/10014191016

Cross-Section Dependence and the Monetary Exchange Rate Model : A Panel Analysis

Beckmann, Joscha; Belke, Ansgar Hubertus; Dobnik, Frauke - 2011

national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and …

Persistent link: https://www.econbiz.de/10014183198

Trade Balances and the Terms of Trade in G-7 Countries : Panel Cointegration Approach

Hamori, Shigeyuki - 2009

This paper empirically analyzes the long-run equilibrium between trade balances and the terms of trade using the nonstationary panel data analysis. Empirical results indicate that trade balances and the terms of trade do not have cointegrating relation for G-7 countries. This implies that the...

Persistent link: https://www.econbiz.de/10014211849

Cross-section dependence and the monetary exchange rate model : a panel analysis

Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - 2011

national stochastic trends. We find evidence for a cross-section cointegration relationship between the exchange rates and … ; cointegration ; vector error-correction models …

Persistent link: https://www.econbiz.de/10009124360

Harrod, Balassa, and Samuelson (re)visit Eastern Europe

Sonora, Robert; Tica, Josip - In: Cogent economics & finance 2 (2014) 1, pp. 1-16

. However, using panel cointegration tests, we find strong statistical evidence for the HBS hypothesis within countries and …

Persistent link: https://www.econbiz.de/10010470574

Panel data analysis of the proposed monetary union in the Southern African development community

Zerihun, Mulatu Fekadu; Breitenbach, Marthinus C. - In: Spoudai : journal of economics and business 67 (2017) 4, pp. 23-44

1995-2016. We use first and second generation panel unit root tests and panel cointegration tests to test mainly for … stationarity and cointegration of real exchange rate series for the group of SADC countries. The findings from this study confirm … that there is stationarity and cointegration of the real exchange rate series among the 11 SADC member countries included …

Persistent link: https://www.econbiz.de/10011843930