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determined. This system of equations, written in a dynamic and error-correction form (VECM), substitutes the usual price …
Persistent link: https://www.econbiz.de/10005802956
Following the dramatic changes experienced by the prices of agricultural commodities in 2007-2008, the analysis of horizontal price transmission mechanisms in agricultural markets has attracted renewed interest. In particular, this has led to the emergence of new challenges for the empirical...
Persistent link: https://www.econbiz.de/10010909191
Food vs. Fuel, Cointegration analysis, VECM, agricultural prices, fuel prices …
Persistent link: https://www.econbiz.de/10011068945
I study several policy instruments for carbon mitigation with a focus on subsidies for renewable energies, emission taxes and emission allowances. In Chapter 1, I analyze the optimal design and the welfare implications of two policies consisting of an emission tax for conventional fossil-fuel...
Persistent link: https://www.econbiz.de/10009429024
the Vector Error Correction Model (VECM) , Multivariate VAR (p), Multivariate-VARX (p) and Multivariate VAR (p)-GARCH (q …
Persistent link: https://www.econbiz.de/10009431226
This study aims to investigate the short-run and long-run relationship between economic variables and the unemployment rate in South Asian countries. A panel vector error correction model is used to establish the long-run and the short-run relationship between the unemployment rate and the...
Persistent link: https://www.econbiz.de/10015192121
We adopted an empirical approach to capture the macroeconomic impact of tax changes for the examined period from 1974 to 2018. It is generally accepted that vector autoregression model (VAR) has proven useful for describing the dynamic interrelationships of multivariate series. Our empirical...
Persistent link: https://www.econbiz.de/10015209766
Using the Vector Error Correction Model (VECM) and Toda-Yamamoto Causality approach, this paper investigates the short … UAE. The study period in consideration is 1975-2017. The findings obtained from the VECM test confirm the existence of a …
Persistent link: https://www.econbiz.de/10014001432
In the current competitive scenario, the banking industry must contend with multiple challenges tied to regulations, legacy systems, disruptive models/technologies, new competitors, and a restive customer base, while simultaneously pursuing new strategies for sustainable growth. Banking...
Persistent link: https://www.econbiz.de/10014323783
The global financial crisis of 2008 proved that what initially appeared to be relatively small losses in the financial system can be magnified to systemic ones. The European Union debt crisis has thus revived interest in the interdependence across different markets, especially sovereign debt...
Persistent link: https://www.econbiz.de/10014332511