Information Technology and the G7 Economies

Structural Breaks, Inflation and Interest Rates: Evidence for the G7 countries∗

This paper challenges the commonly used unit root/cointegration approach for testing the Fisher effect for the economies of the G7 countries. We first prove that nominal interest and inflation rate can be better represented as being broken trend stationary variables. Later, we use the Bai-Perron procedure to show the existence of structural changes in the Fisher equation. When these characteris...

Coliforms Contamination and Hygienic Status of Milk Chain in Emerging Economies

Emerging economies have often poor hygiene practices in traditional milk and dairy production all over the world. Therefore, pathogenic bacteria in milk pose major public health concerns especially for those communities who still consume raw milk. Escherichia coli and coliforms are often used as indicator microorganisms, so their presence in food implies poor hygiene and sanitary practices. The...

International Interest Rate Linkages: a Time Varying Parameter Approach

This paper examines the issue of state contingency in interest rate linkages across the G7 economies by employing Kalman (1960,1963) filter techniques to estimate time varying parameter models of bilateral dependence. Our results show that there is convincing evidence that international linkages in interest rates vary considerably over time. There are periods when international interest rate mo...

Using Complex Networks to Characterize International Business Cycles

BACKGROUND There is a rapidly expanding literature on the application of complex networks in economics that focused mostly on stock markets. In this paper, we discuss an application of complex networks to study international business cycles. METHODOLOGY/PRINCIPAL FINDINGS We construct complex networks based on GDP data from two data sets on G7 and OECD economies. Besides the well-known correl...

Analysis Of Information And Energy Segments Of The Iranian And Indian Economies