Essays about: "dynamic cointegration"

Showing result 11 - 15 of 16 essays containing the words dynamic cointegration.

  1. 11. Can the forecast of the cotton price be improved using a model based upon economic variables?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Camilla Olén; Tobias Norrman Andersson; [2013]
    Keywords : Cotton; VECM; Forecasting; Out-Of-Sample; Business and Economics;

    Abstract : The purpose of this thesis is to find a model, which is based on economic variables that can forecast the cotton price better than commonly used benchmark models. A vector error correction model is used because of the existence of non-stationary variables and one cointegration relation in the data. READ MORE

  3. 12. An empirical analysis of the Phillips Curve : A time series exploration of Germany

    University essay from Institutionen för nationalekonomi och statistik (NS)

    Author : Patrick Nüß; [2013]
    Keywords : Inflation; Unemployment; Phillips Curve; Cointegration; Error Correction Model;

    Abstract : The purpose of the paper is to explore the relationship between inflation and unemployment in Germany during the period from 1970 to 2012. Through the methods of cointegration, dynamic OLS and an error correction model, this paper highlights that there is no short run negative relationship between inflation and unemployment, and consequently the short run Phillips curve is an unsuitable instrument for making political decisions. READ MORE

  4. 13. The Effects of Foreign Direct Investment on Turkish Economy

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Josh-Coskun Dürnel; [2012]
    Keywords : Panel Unit Root; Growth Theory; Foreign Direct Investment; Turkish Economy; Panel Estimation; Granger Causality; Business and Economics;

    Abstract : This study’s ambition is to investigate the effects of Foreign Direct Investment for Turkey at the individual sector level. To the best of our knowledge, this is the first endeavor to investigate the sector-specific effect of FDI on GDP for Turkey. READ MORE

  5. 14. New Insights Into Electricity Consumption and Economic Growth Nexus in Transition Economies

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Chen Yao; Elena Khramova; [2012]
    Keywords : Energy Consumption; Panel Unit Root Tests; Panel Cointegration; Granger Causality; Transition Economies;

    Abstract : This paper explores the long-run and the short-run causality relationships between electricity consumption, economic growth, and inflows of foreign direct investments in 17 European transition economies on the period between 1992 and 2009 for the purpose of designing an optimal energy policy in these countries. This paper employs the newly developed dynamic panel cointegration techniques to explore the direction of the causality links between the selected variables. READ MORE

  6. 15. Modeling North Sea oil production

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Kristoffer Persson; [2011]
    Keywords : Oil production; Resource Scarcity; Norway; Dynamic Optimization; GMM; Business and Economics;

    Abstract : In this thesis an empirical model for optimal production of North Sea oil is implemented for the purpose of evaluation in a contemporary context. The model was presented by Pesaran in 1990 and is one of dynamic optimization where a price-taking producer faces a maximization problem subject to constraints describing production conditions. READ MORE