Long-run economic relationships
Author | : Clive William John Granger |
Publisher | : |
Total Pages | : 301 |
Release | : 1991 |
Genre | : Analisis de series de tiempo |
ISBN | : |
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Author | : Clive William John Granger |
Publisher | : |
Total Pages | : 301 |
Release | : 1991 |
Genre | : Analisis de series de tiempo |
ISBN | : |
Author | : Robert Sugden |
Publisher | : |
Total Pages | : 275 |
Release | : 1978 |
Genre | : |
ISBN | : 9780198283393 |
Author | : Bennett T. McCallum |
Publisher | : |
Total Pages | : 34 |
Release | : 1983 |
Genre | : Economics |
ISBN | : |
A number of recent studies have attempted to test propositions concerning "long runt" economic relationships by means of frequency-domain time series techniques that concentrate attention on low frequency co-movements of variables.The present paper emphasizes that many of these propositions involve expectational relationships that are not inherently related to specific frequencies or periodicities. Thus the association of low-frequency time series test statistics with long-run economic propositions is not generally warranted. That such an association can be misleading is demonstrated by analysis of examples taken from notable papers by Geweke, Lucas, and Summers.
Author | : Steven Durlauf |
Publisher | : Springer Science & Business Media |
Total Pages | : 204 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 3642612113 |
One of the most enduring questions in economics involves how a nation could accelerate the pace of its economic development. One of the most enduring answers to this question is to promote exports -either because doing so directly influences development via encouraging production of goods for export, or because export promotion permits accumulation of foreign exchange which permits importation of high-quality goods and services, which can in turn be used to expand the nation's production possibilities. In either case, growth is said to be export-led; the latter case is the so-called "two-gap" hypothesis (McKinnon, 1964; Findlay, 1973). The early work on export-led growth consisted of static cross-country com parisons (Michaely, 1977; Balassa, 1978; Tyler, 1981; Kormendi and Meguire, 1985). These studies generally concluded that there is strong evidence in favour of export-led growth because export growth and income growth are highly correlated. However, Kravis pointed out in 1970 that the question is an essen tially dynamic one: as he put it, are exports the handmaiden or the engine of growth? To make this determination one needs to look at time series to see whether or not exports are driving income. This approach has been taken in a number of papers (Jung and Marshall, 1985; Chow, 1987; Serletis, 1992; Kunst and Marin, 1989; Marin, 1992; Afxentiou and Serletis, 1991), designed to assess whether or not individual countries exhibit statistically significant evidence of export-led growth using Granger causality tests.
Author | : Dora L. Costa |
Publisher | : University of Chicago Press |
Total Pages | : 401 |
Release | : 2011-08-10 |
Genre | : Business & Economics |
ISBN | : 0226116425 |
The conditions for sustainable growth and development are among the most debated topics in economics, and the consensus is that institutions matter greatly in explaining why some economies are more successful than others over time. Probing the long-term effects of early colonial differences on immigration policy, land distribution, and financial development in a variety of settings, Understanding Long-Run Economic Growth explores the relationship between economic conditions, growth, and inequality, with a focus on how the monopolization of resources by the political elite limits incentives for ordinary people to invest in human capital or technological discovery. Among the topics discussed are the development of credit markets in France, the evolution of transportation companies in the United Kingdom and the United States, and the organization of innovation in the United States.
Author | : Hahn-shik Lee |
Publisher | : |
Total Pages | : 113 |
Release | : 1990 |
Genre | : |
ISBN | : |
Author | : Neri Salvadori |
Publisher | : Edward Elgar Publishing |
Total Pages | : 396 |
Release | : 2014-05-14 |
Genre | : Business & Economics |
ISBN | : 1781007764 |
This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress. It explores the mutual relationships between living standards, social habits, education an
Author | : Philip M. Parker |
Publisher | : MIT Press |
Total Pages | : 336 |
Release | : 2000 |
Genre | : Business & Economics |
ISBN | : 9780262161947 |
He presents evidence that long-run growth can be attributed to variances in hypothalmic activity."--BOOK JACKET.
Author | : Steinar Strøm |
Publisher | : Cambridge University Press |
Total Pages | : 514 |
Release | : 1998 |
Genre | : Business & Economics |
ISBN | : 9780521633239 |
Table of Contents
Author | : Øyvind Eitrheim |
Publisher | : |
Total Pages | : 41 |
Release | : 1990 |
Genre | : |
ISBN | : 9788275530101 |