Browsing Economics by Title
Now showing items 39-58 of 101
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Financial development and declining market dynamics: Another dark side of “too much finance”?
(Springer, 2022-11-06)This paper empirically investigates whether financial development has played a role in the rise of market concentration over the past decades. Using an industry-level panel of 41 countries over the period 1989–2010, we ... -
FinTech and capital allocation efficiency: Another equity-efficiency dilemma?
(Elsevier, 2022-05-22)The emergence of financial technology (FinTech) introduces new tools and solutions to lending and equity markets, and has significantly increased the accessibility of marginal firms to funds, a property known as financial ... -
Fixed exchange rates and disinflation in emerging markets: how large is the effect?
(Springer, 2008-10)We examine developing countries which have institutional quality ratings for the effects of exchange rate rigidity on inflation. The level of institutional development exerts no effect on the impact of currency regimes. ... -
Fixed exchange rates and sticky Prices in emerging markets
(John Wiley & Sons, Ltd., 2003-06-23)In the wake of financial crises in emerging markets, firmly fixed exchange rates and even dollarization have been advocated as a means to decrease vulnerability. There are many important new issues related to fixing the ... -
Forecasting the sales of light trucks in the United States
(Wichita State University. Graduate School., 2008-04-25)The motor vehicles and parts industry in the United States employed as much as 7.4% of the labour force in the manufacturing industry in 2006. The purpose of this paper is to canvass various forecasting models, determine ... -
The foreclosure-house price nexus: a panel VAR model for US states, 1981-2009
(Wiley-Blackwell, 2013-07-19)Despite housing's economic importance, little has been written on how foreclosures and home prices interact in a framework that includes macroeconomic and housing variables such as employment, permits or sales. Panel VAR ... -
Formal targets, central bank independence and inflation dynamics in the UK: A Markov-Switching approach
(Elsevier, 2011-12)We examine inflation and uncertainty in the UK with a version of the Markov Switching model, which allows for changes in the variance as well as in the mean and persistence of a series. We find that the UK's attempts at ... -
Gains from Integration? An empirical hint from the eurozone
(European Review, 2020-03-26)Has the eurozone (EZ) really gained from integration? This study applied two econometric frameworks, mGARCH and gMMPI, to test this hypothesis, using panel data that span 1996-2014, a total of 19 years, involving the EZ, ... -
The Gap Between Rich and Poor Grows in China -- restricted access to full text
(Wichita State University. Graduate School, 2011-05-04)With the 30 years of reform and opening up, China has made lots of remarkable achievements. The national economy has a continued, rapid and healthy development, the average annual GDP growth rate remains at around 9%. ... -
Geographical bilateral exchange rate pass-through in the United States
(Wichita State University. Graduate School., 2008-04-25)From February 2002 to December 2007, the dollar depreciated 34.2% against other major currencies. During the same period, core consumer prices only increased 11.3%. One would think the consumer prices would be more ... -
Government and public debt in South Asia: Borrow now, worry later?
(Wichita State University, 2021-04-02)Debt levels worldwide have reached an alarming level especially in the wake of the pandemic and public and private efforts to revive economies by spending more. As the debt-to-GDP ratios of many developed countries exceed ... -
Has the euro sustainably increased home price co-movement?
(John Wiley and Sons, 2019-02-22)A low level of co‐movement between different euro country housing markets creates difficulties for the ECB in setting monetary policy. Such co‐movement across eurozone countries has been the subject of a number of studies, ... -
Has there actually been a sustained increase in the synchronization of house price (and business) cycles across countries?
(Elsevier B.V., 2017-06)Housing has been demonstrated to affect the macroeconomy, particularly business cycle fluctuations. Given the more globalized nature of financial and economic activity in comparison to past decades, there has been much ... -
Have delayed independence and poor initial institutions been economically costly for Latin Americans?
(Wichita State University, 2011-05)This paper tests the hypothesis that the timing of independence in Latin America and the institutions in place at the time of independence had a joint effect on the developmental paths of the countries. A new variable ... -
Home prices and fundamentals: solving the mystery for the G-7 by accounting for nonlinearities
(Emerald Publishing Limited, 2019-07-08)Purpose: The purpose of this study is to determine whether house prices and income share a stable, stationary relationship in the G-7 countries. This stable relationship has been clearly implied by theory but has been ... -
House price convergence in the euro zone: a pairwise approach
(Elsevier, 2020-07-29)The adoption of the euro common currency was expected to lead to convergence for a number of economic and financial variables across national borders, including house prices. We apply a probabilistic pairwise approach to ... -
The housing bubble: how much blame does the fed really deserve?
(American Real Estate Society, 2014)Two recent empirical papers have blamed the Fed for the latest boom and bust in housing. Neither study includes long-term interest rates, which are more affected by global factors than the federal funds rate (FFR). In this ... -
Housing investment and the U.S. economy: how have the relationships changed?
(American Real Estate Society, 2009)Previous research has found that housing investment has a disproportionate role in the U.S. business cycle. This paper demonstrates that the relationship between housing and the rest of the economy has changed since financial ... -
How feasible is the West African eco currency union? A new approach
(Elsevier, 2015-06-25)A recent proposal to expand the CFA Franc zone in West Africa would create a currency union that, in terms of population, would rival the Euro. This new currency union would include Nigeria, which would have the largest ... -
How inflationary are oil price shocks? A regional analysis
(Wichita State University. Graduate School, 2009-05-01)The impact of oil shocks is analyzed by estimating an augmented Phillips curve on a national, regional and city level in the United States. A significant pass-through to inflation (including all items) is recorded for all ...