Re-examination of price level differentials using economic freedom index
نویسندگان
چکیده
منابع مشابه
A re-examination of correlations between lynchings and economic indices.
HOVLAND and Sears (2) attempted to verify a causal relationship between economic frustration and aggressive behavior as expressed in lynchings by a statistical study. The statistical technique was as follows: linear trends were computed for the numbers of lynchings reported for the years 1882 to 1930, inclusive, in the United States. Two figures were available for each year, the total number of...
متن کاملEconomic Freedom
Most studies of the relation between economic freedom and growth of GDP have found a positive relation. One problem in this area is the choice of economic freedom measure. A single measure does not reflect the complex economic environment and a highly aggregated index makes it difficult to draw policy conclusions. In this paper we investigate what specific types of economic freedom measures tha...
متن کاملA Re-examination of the link between Real Exchange Rates and Real Interest Rate Differentials∗
The real exchange rate real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using bilateral real exchange rate data spanning the period 1978 to 1997. We first clarify the logic of applyi...
متن کاملA Re-Examination of the Predictability of Economic Activity Using the Yield Spread
This paper revisits the yield spread's usefulness for predicting future real GDP growth. We show that the contribution of the spread can be decomposed into the effect of expected future changes in short rates and the effect of the term premium. We find that both factors are relevant for predicting real GDP growth but the respective contributions differ. We investigate whether the cyclical behav...
متن کاملEconomic Freedom and Economic Volatility
Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: The Journal of International Trade & Economic Development
سال: 2016
ISSN: 0963-8199,1469-9559
DOI: 10.1080/09638199.2015.1137345