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Displaying results 1 to 15 of 15.

  1. Fiscal convergence in the West African Monetary Zone
    Author: Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, Santigie M.; Bawa, Sani; Mendy, Isatou; Adams, Kormay; Adeleke, Adegoke Ibrahim; Cham, Yaya
    Published: June 2021
    Publisher:  West African Monetary Institute, [Accra, Ghana]

    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 823
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    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the long-term viability of the proposed union. This paper assesses the extent of fiscal convergence among the West African Monetary Zone (WAMZ) countries and explores the response of fiscal convergence to divergence of public debt levels, inflation rates and current account balances to determine whether strengthening of policy synchronisation would contribute to fostering fiscal convergence in these countries. Allowing for heterogeneous fiscal policies among the WAMZ countries, the result from the log t convergence test estimated over the period 2001-2019 provides strong evidence of fiscal divergence among these countries during the period. Equally, by exploiting nonlinearities in policy behaviour among the WAMZ countries in the response of fiscal convergence to policy synchronisation, the results from the dynamic panel threshold models show remarkably strong evidence that reducing divergence in public debt levels, inflation rates and current account balances would reduce fiscal divergence. Given these empirical insights, WAMZ countries would need to strengthen fiscal consolidation measures to improve the primary balance and enhance capacity to reduce public debt to sustainable levels. Similarly, these countries should provide support to enhance domestic productive capacity and diversify the export sector to improve external sector performance. These measures should be accompanied by additional fiscal reforms to constrain discretion in fiscal policies to promote fiscal convergence, including the implementation of fiscal rules and Fiscal Responsibility Act.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/264233
    Series: WAMI occasional paper series ; no. 22
    Subjects: fiscal convergence; public debt; inflation; current account; dynamic panel; WAMZ
    Scope: 1 Online-Ressource (circa 36 Seiten)
  2. Efecto de la banda ancha sobre el valor agregado en los municipios de Colombia
    Author: Gómez Medina, José Santiago
    Published: [2021]
    Publisher:  CEDE, Centro de Estudios sobre Desarrollo Económico, Bogotá, D.C., Colombia

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 708
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    Source: Union catalogues
    Language: Spanish
    Media type: Book
    Format: Online
    Series: Array ; 2021, 48 (septiembre de 2021)
    Subjects: broadband; economic growth; Colombia; dynamic panel; instrumental variable
    Scope: 1 Online-Ressource (circa 31 Seiten), Illustrationen
  3. Impact of COVID-19 on ASEAN-5 stock markets
    Author: Yiu, Matthew S.; Tsang, Andrew
    Published: January 2021
    Publisher:  ASEAN+3 Macroeconomic Research Office, Singapore

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Working paper / ASEAN+3 Macroeconomic Research Office ; WP/21, 01
    Subjects: ASEAN-5; stock market; spillovers; dynamic panel; COVID-19; GFC; Taper Tantrum
    Scope: 1 Online-Ressource (circa 16 Seiten), Illustrationen
  4. Energy use beyond GDP: a dynamic panel analysis with different
    development indicators
    Author: Ravetti, Chiara; Cambini, Carlo
    Published: 2021
    Publisher:  Department of Economics, Copenhagen Business School, Frederiksberg

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    VS 55
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10398/ab58f610-596b-44f4-8729-219943737c29
    Series: Working paper / Department of Economics, Copenhagen Business School ; 2021, 10
    CSEI working paper ; 2021, 03
    Subjects: Economic development; energy consumption; dynamic panel
    Scope: 1 Online-Ressource (circa 53 Seiten), Illustrationen
  5. Governance, efficiency and soundness of Indian banks
    Author: Gulati, Rachita; Kumar, Sunil; Chinngaihlian, S.; Raghumanda, Rajendra; Bilantu, Prabal
    Published: Aug 19, 2022
    Publisher:  Department Economic and Policy Research, Reserve Bank of India, Mumbai

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: DRG study ; no. 47
    Subjects: governance; bank soundness; profit efficiency; composite index; benefitof-the-doubt approach; data envelopment analysis; dynamic panel; econometric methods; panel quantile regression; Indian banks
    Scope: 1 Online-Ressource (circa 123 Seiten), Illustrationen
  6. Convergence budgétaire dans la zone monétaire de l'Afrique de l'ouest
    Author: Olowofeso, Olorunsola E.; John-Sowe, Maimuna; Kargbo, Santigie M.; Bawa, Sani; Mendy, Isatou; Adams, Kormay; Adeleke, Adegoke Ibrahim; Cham, Yaya
    Published: Juin 2021
    Publisher:  Institut monetaire de l'Afrique de l'Ouest, [Accra, Ghana]

    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the... more

    Access:
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    DS 823
    Inter-library loan:
    No inter-library loan

     

    Achieving fiscal convergence between countries of a monetary union helps in the design and implementation of policies to strengthen macroeconomic convergence, which mitigates the contagion effects of macroeconomic instability and ensures the long-term viability of the proposed union. This paper assesses the extent of fiscal convergence among the West African Monetary Zone (WAMZ) countries and explores the response of fiscal convergence to divergence of public debt levels, inflation rates and current account balances to determine whether strengthening of policy synchronisation would contribute to fostering fiscal convergence in these countries. Allowing for heterogeneous fiscal policies among the WAMZ countries, the result from the log t convergence test estimated over the period 2001-2019 provides strong evidence of fiscal divergence among these countries during the period. Equally, by exploiting nonlinearities in policy behaviour among the WAMZ countries in the response of fiscal convergence to policy synchronisation, the results from the dynamic panel threshold models show remarkably strong evidence that reducing divergence in public debt levels, inflation rates and current account balances would reduce fiscal divergence. Given these empirical insights, WAMZ countries would need to strengthen fiscal consolidation measures to improve the primary balance and enhance capacity to reduce public debt to sustainable levels. Similarly, these countries should provide support to enhance domestic productive capacity and diversify the export sector to improve external sector performance. These measures should be accompanied by additional fiscal reforms to constrain discretion in fiscal policies to promote fiscal convergence, including the implementation of fiscal rules and Fiscal Responsibility Act.

     
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    Source: Union catalogues
    Language: French
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/270755
    Series: Series de publications occasionnelles de l’IMAO ; no. 22
    Subjects: fiscal convergence; public debt; inflation; current account; dynamic panel; WAMZ
    Scope: 1 Online-Ressource (circa 40 Seiten)
  7. Non-core liabilities and monetary policy transmission in Indonesia during the post-2007 global financial crisis
    Author: Pontines, Victor; Siregar, Reza Yamora
    Published: [2017]
    Publisher:  Australian National University, Crawford School of Public Policy, Centre for Applied Macroeconomic Analysis, [Canberra]

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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 662
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CAMA working paper ; 2017, 78 (December 2017)
    Subjects: non-core liabilities; lending rates; policy rates; interest rate channel; monetary policy transmission; dynamic panel
    Scope: 1 Online-Ressource (circa 27 Seiten), Illustrationen
  8. Determinants of violent and property crimes in England and Wales
    a panel data analysis
    Author: Han, Lu; Bandyopadhyay, Siddhartha; Bhattacharya, Samrat
    Published: 2010
    Publisher:  Dep. of Economics, Univ. of Birmingham, Birmingham

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion papers / Department of Economics, The University of Birmingham ; 10-26
    Subjects: crime; dynamic panel; GMM; law enforcement; socio-economic variables
    Scope: Online-Ressource (PDF-Datei: 28 S.)
  9. Driving forces of venture capital investments in Europe
    a dynamic panel data analysis
    Author: Schertler, Andrea
    Published: 2003
    Publisher:  Inst. for World Economics, Kiel

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  10. The aggregate Euler equation and transaction services of government bonds
    Author: Arnold, Matthias; Linnemann, Ludger
    Published: 2012
    Publisher:  Universitätsbibliothek Dortmund, Dortmund

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  11. Driving Forces of Venture Capital Investments in Europe : A Dynamic Panel Data Analysis
    Author: Schertler, Andrea
    Published: 2003
    Publisher:  Kiel Institute for the World Economy (IfW), Kiel

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  12. Common correlated effects estimation of heterogeneous dynamic panel quantile regression models
    Author: Harding, Matthew C.; Lamarche, Carlos; Pesaran, M. Hashem
    Published: 2018
    Publisher:  CESifo, Center for Economic Studies & Ifo Institute, Munich

    This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and interactive effects. The paper adopts the Common Correlated Effects (CCE) approach proposed by Pesaran (2006) and Chudik and... more

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    Staats- und Universitätsbibliothek Bremen
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    DS 63 (7211)
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    This paper proposes a quantile regression estimator for a heterogeneous panel model with lagged dependent variables and interactive effects. The paper adopts the Common Correlated Effects (CCE) approach proposed by Pesaran (2006) and Chudik and Pesaran (2015) and demonstrates that the extension to the estimation of dynamic quantile regression models is feasible under similar conditions to the ones used in the literature. We establish consistency and derive the asymptotic distribution of the new quantile regression estimator. Monte Carlo studies are carried out to study the small sample behavior of the proposed approach. The evidence shows that the estimator can significantly improve on the performance of existing estimators as long as the time series dimension of the panel is large. We present an application to the evaluation of Time-of-Use pricing using a large randomized control trial.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/185409
    Series: Array ; no. 7211
    Subjects: common correlated effects; dynamic panel; quantile regression; smart meter; randomized experiment
    Scope: 1 Online-Ressource (circa 99 Seiten), Illustrationen
  13. Employment effects of foreign direct investment
    new evidence from Central and Eastern European countries
    Author: Jude, Cristina; Pop Silaghi, Monica Ioana
    Published: 2015
    Publisher:  Banque de France, Paris

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Document de travail / Banque de France ; 553
    Subjects: FDI; employment; labor demand; transition countries; dynamic panel
    Scope: Online-Ressource (35 S.), graph. Darst.
    Notes:

    Zsfassung in franz. Sprache
  14. Capital structure determinants and adjustment speed
    an empirical analysis of Dutch SMEs
    Author: Mocking, Remco; Steegmans, Joep
    Published: August 2017
    Publisher:  CPB Netherlands Bureau for Economic Policy Analysis, The Hague

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: CPB discussion paper ; 357
    Subjects: Leverage; debt to assets; dynamic panel; SMEs
    Scope: 1 Online-Ressource (circa 28 Seiten
  15. Minimum distance estimation of dynamic models with errors-in-variables
    Author: Gospodinov, Nikolaj; Komunjer, Ivana; Ng, Serena
    Published: 2014
    Publisher:  Federal Reserve Bank of Atlanta, Atlanta, Ga.

    Empirical analysis often involves using inexact measures of desired predictors. The bias created by the correlation between the problematic regressors and the error term motivates the need for instrumental variables estimation. This paper considers a... more

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    Empirical analysis often involves using inexact measures of desired predictors. The bias created by the correlation between the problematic regressors and the error term motivates the need for instrumental variables estimation. This paper considers a class of estimators that can be used when external instruments may not be available or are weak. The idea is to exploit the relation between the parameters of the model and the least squares biases. In cases when this mapping is not analytically tractable, a special algorithm is designed to simulate the latent predictors without completely specifying the processes that induce the biases. The estimators perform well in simulations of the autoregressive distributed lag model and the dynamic panel model. The methodology is used to re-examine the Phillips curve, in which the real activity gap is latent.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/101033
    Series: Working paper / Federal Reserve Bank of Atlanta ; 2014-11
    Subjects: measurement error; minimum distance; simulation estimation; dynamic panel
    Scope: Online-Ressource (36 S.)