Although survey‐based point predictions have been found to outperform successful forecasting models, corresponding variance forecasts are frequently diagnosed as heavily distorted. Professional forecasters who report inconspicuously low ex ante variances often produce squared forecast errors...

This contribution takes a new look at the gravity equation model in relation to foreign direct investment (FDI) of leading industrialized countries which presents a useful basis for assessing certain potential impacts arising from BREXIT—the envisaged leaving of the EU by the United Kingdom....

Every economy requires a sophisticated and efficient financial system to prosper its development. A healthy financial system may be integral to the sound fundamentals of an economy. The objective of the study is to investigate the impact of financial indicators on human development in Pakistan...

This study is aimed to examine the relationship between GDP growth and unemployment rate for developed and developing Asian countries over the period 1980-2010. This study has applied the Okun’s law framework to estimate the co-integration dynamic and weak or strong Granger-causality for...

The main causes of Portuguese inflation, based on annual data from 1954 to 1995, using the Johansen method, allows us to conclude that variation in Portuguese inflation is determined essentially by foreign inflation and by variation in the effective exchange rate of the Portuguese Escudo (PTE)....

The paper provides potential output and output gap estimates for the Romanian economy in the period 1998-2008. Our approach consists in combining the production function structural method with several statistical de-trending methods. The contribution of our analysis to the scarce literature...

Since its formation in 1972 under the leadership of its founding chairman, Professor Lim Chong Yah, the NWC has been a major force in ensuring the stability of the labor market. A key recommendation which the NWC pushed for as a means of saving jobs in the recessions has been the reduction of...

quarter of 2012, almost three percentage points higher than one year earlier and almost 12 percentage points higher than at the end of 2008. Although the exponential growth of Spanish unemployment is mainly caused by a lower demand for labor, there is also a second cause, viz. an increased...

Este artículo utiliza la metodología VAR-X estructural para explicar por qué creció el desempleo en Colombia desde niveles cercanos al 7% en 1995:I hasta 19% en el 2000:I, y por qué permaneció en niveles de dos dígitos durante la década siguiente. Se trató de una combinación...

This paper employs a cointegrated Vector Autoregression (CVAR) model to explore the determinants of Australian household debt. The results show that housing prices, GDP and the population in the economy have a positive effect on household borrowing. Meanwhile, interest rates, the unemployment...