Optimal export tax rates of cocoa beans: A vector error correction model approach

The Effects of Monetary Policy Shocks on Exchange Rates: A Structural Vector Error Correction Model Approach

This paper investigates the effects of shocks to U.S. monetary policy on the dollar/yen exchange rate, using structural Vector Error Correction Model (VECM) methods. We compare our estimates of the impulse responses with those based on levels Vector Autoregression. We also compare results from short run and long run restrictions imposed on the structural VECM. We find evidence of overshooting b...

Survey of Money- Output Causality: Case Study of Iran, Based on Vector Error Correction Model (VECM)

This study investigated the dynamic relationship between money, prices and output in a multivariate structure of casualty analysis in Iran for the two period of 1969 to 2012 (entire period) and 1989 to 2012 (sub-period). This statistical framework has been projected for situations where causal links may have changed over the sample period. Results of a three-variable Vector Error Correction Mod...

The Relationship between Education and Health: Vector Error Correction Model (VECM)

Background & objectives: Despite the importance and impact of health and education on economic growth in countries, the causal relationship between education and health is important to policymaking. This study aimed to investigate the causality relationship between education and health in the short and long runs using the Vector Error Correction Model (VECM) in Iran. Method: This was an analyt...

A Vector Error-Correction Forecasting Model of the U.S. Economy

Optimal export taxes – the case of cocoa in Côte d'Ivoire

Export taxes can provide additional welfare to large exporters, an argument for interventions in many primary commodity exporting countries. We investigate the benefits of export taxation for Côte d'Ivoire, the dominant exporter of cocoa. Where many applications treat the formula for optimal export taxes incorrectly as a prescription, we take the endogeneity of the exporter’s share into account...