Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 20 of 50 for “"long run equilibrium"”.
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Exploring the Long Run Equilibrium Between Cryptocurrency Prices and Technology Stock Indices
Tato diplomová práce zkoumá, zda ceny hlavních kryptoměn a americké tech- nologické akciové indexy sdílejí dlouhodobý rovnovážný vztah a zda se tento vztah liší mezi tržními režimy. Na základě denních dat pro Bitcoin, Ethereum, Binance Coin, index CRIX, NASDAQ100, NYSE FANG+ a S&P 500 Informa- tion …
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Uncertainty and the effects of a pay-as-you-go social security program on economic growth
… social security program alters intermediate and long-run equilibrium factor payments. Two forms of uncertainty are used, namely, production uncertainty and labor force participation. In the first part of this paper recent arguments over how social security affects individual savings are presented …
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Three essays on spatial, vertical price transmission and asymmetric supply response in livestock sectors
… The estimates of the magnitude and the short-run speed of adjustment for one price to the shocks of another between two countries is useful information in assessing how well change in one price is transmitted to another and what types of price transmission (symmetry or asymmetry) occur in beef …
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South African house-price dynamics
… South African homes are associated with short-run changes in economic growth, real mortgage rates and sovereign risk. Empirical analysis suggests that the real prices of small-sized homes are not associated with real mortgage rates in the short run. Estimation of the house-price models also …
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Tests of purchasing power parity
This paper examines the long-run relationship between exchange rates and prices in ten countries in Southwest Asia, Africa, and the Pacific Rim for the post-Bretton Woods period. It uses cointegration tests to investigate the thesis that relative purchasing power parity exists as a long-run …
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Analyses of organic grain prices
… organic grain cooperative. Six different grains along with alfalfa hay were examined using hedonic models and bootstrapping statistical techniques. Findings of the hedonic analyses are as follows. Dairy farms seemed to pay a lower premium for feed grade corn and hard red winter wheat compared to …
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Competitive selection and international trade under monoplistic competition
… effects of inter-firm efficiency gaps on the long-run equilibrium of the monopolistic competition model are analyzed. In the presence of cost asymmetries free entry leads to the endogenization of the level of industry efficiency through a competitive selection process whereby more efficient …
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Terms of trade effects on PPP and incomes of primary-commodity exporting countries
… of trade for both price indices. Analysis of the long-run equilibrium relationship between the nominal exchange rate and price-ratio without the terms of trade showed some evidence of a cointegrating relationship. On including the terms of trade strong evidence of cointegration is obtained for New …
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The Consequences of Euronext integration on the French, Belgian and Dutch stock markets.
… Moreove r, the volatility of returns exhibits long-memory patterns. The data generating process o f all the returns series is captured with ARMA-GARCH models. The returns exhibit volatil ity clusters in all sub- periods. Hence, the information efficiency of the m arket has not increased …
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Speculation and commodity valuations : investigating the effects of speculation in the markets for oil and gold
… and offers an alternative specification of the equilibrium equations which are central to the VECM approach. In place of the time trend included in the equilibrium model specified by Antoshin and Samiei, the model specified in the dissertation relies on the arbitrage relationship between spot …
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Endogenous Money and the Structure of Interest Rates
… the spread between the Federal Funds rate and long-term interest rate is widening in the post-1990s period with the remarkable acceleration of financial innovation and financial deregulation. There has been increasing concerns about the power of monetary authorities in controlling market …
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Exchange Rates and Trade Balance: Testing the Short- and Long-Run Relationship Using Data for Small Semi-Open Economies
… exchange rates do play a role in determining the long-run equilibrium behavior of the trade balance. This implies that the trade balance should not be treated a priori as exogenous with respect to the exchange rates. The evidence on the role of the exchange rate was stronger when the reduced form …
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The current experience of flexible exchange rates: empirical evidence for ten industrial countries
… Power Parity (PPP) was held to represent the long-run equilibrium exchange rate, and the PPP model was designed to focus on factors affecting short-term disequilibrium such as changing interest rate differentials and foreign exchange market intervention. The monetary model was based on the …
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Government expenditure and growth in Libya.
… ways of funding these expenditures; (3) examine long-run equilibrium relationships estimated through the cointegration approach. The short-run dynamics was modelled via error correction models. Evaluation of the model was through standard single equation diagnostics, model simulation, and …
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An investigation into the validity of the intra-continental and intercontinental casselian hypothesis (PPP) and uncovered interest rate parity (UIP) in southern African development community (SADC) countries A long run structural modelling approach
… Using multivariate cointegration framework and long run structural modelling, this paper investigates the evidence in support of two of the parity relationships that underpin either implicitly or explicitly much of international macroeconomics. The first is the purchasing power parity (PPP) …
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Essays in Evolutionary Game Theory
… we study the impact of switching costs on the long run outcome in 2X2 coordination games played in the circular city model of local interactions. We find that for low levels of switching costs, the risk dominant convention is the unique long run equilibrium. For intermediate levels of switching …
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The relationship between tax and economic growth: A South African perspective
… employing the ARDL framework to establish a long run relationship between taxes and growth at aggregate tax level, as well as major tax type level, where the model specified is derived from the GDP aggregate income approach. Results obtained indicate a long run equilibrium only at tax type …
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Is there a nexus between budget transparency and sound fiscal management in Kenya?
… The bounds test established presence of a long run relationship between the depended variable (budget absorption rates) and the explanatory variables namely: grants revenue, tax revenue and budget deficit. The disequilibrium in the short run model was corrected for rates between 71% and …
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An Investigation of the Macroeconomic and Monetary Effects of Dollarization in Eritrea
… used in the estimation. In terms of the short-run dynamics involved in the long-run relationship between dollarization and inflation, the speed of adjustment towards long-run equilibrium ranges from 7.2-7.6 percent per quarter. Both error correction terms are negative. This indicates that the …
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Assessing the impact of exports and imports on economic growth: a case study of Malawi from 1970 to 2010
… regression and several econometric tests were run on the model to ensure robust and accurate results. Statistical accuracy of the findings was further cemented by use of the 5 percent level of significance. Exports were found to have a positive and statistically significant effect on the …
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