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Persistent link: https://www.econbiz.de/10011763148
a panel of 28 European economies during the 1995-2018 period. The hypothesis is verified using Pesaran (2007) panel unit … root and Westerlund (2007) cointegration tests that account for cross-sectional dependence in the series, and three panel …
Persistent link: https://www.econbiz.de/10014310932
approaches. On the one hand, by using a panel error correction model with a sample of 130 countries between 1980 and 2020, we …
Persistent link: https://www.econbiz.de/10014461312
Generation” type of panel cointegration analysis in order to take into account of the prospective existence of dependency between …
Persistent link: https://www.econbiz.de/10012896923
We empirically assess whether a usually expected negative response of private consumption and private investment to a fiscal consolidation is reversed. We focus on a large sample of 174 countries between 1970 and 2018. We also employ three alternative measures of the Cyclically Adjusted Primary...
Persistent link: https://www.econbiz.de/10012504460
A growing literature relies on natural experiments to establish causal effects in macroeconomics. In diverse applications, natural experiments have been used to verify underlying assumptions of conventional models, quantify specific model parameters, and identify mechanisms that have major...
Persistent link: https://www.econbiz.de/10014024286
In the present paper a discussion will be made about the crucial topic of fostering entrepreneurship as the cornerstone of capitalism (by avoiding too hard austerity measures and helping instead entrepreneurship in various ways) so as to make corporations profitable and ultimately create jobs,...
Persistent link: https://www.econbiz.de/10013096766
run. Panel data covering western European countries during the period 1988 – 2006 are elaborated by means of Eviews …
Persistent link: https://www.econbiz.de/10013152967
In the present paper an empirical analysis will point out that consumption generates economic growth, as claimed by Saito (2007). The sample covers all world during the period 2006 - 2011. Data are drawn from O.E.C.D. and are elaborated by means of the Eviews software package
Persistent link: https://www.econbiz.de/10013097631
Union, using annual panel data for 14 European Union countries over the period 1970-2012. Different measures for assessing … different budgetary components. Panel Fixed Effects estimations for private consumption show that, in some cases, when fiscal … not matched by monetary easing. Panel probit estimations suggest that longer and expenditure-based consolidations …
Persistent link: https://www.econbiz.de/10013050643