Browsing by Author "4f6b4bf1-d960-4908-b399-77767b624996"
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Club convergence in European housing prices: The role of macroeconomic and housing market fundamentals
Elsevier (2021-07-12)This study aims to determine whether there is convergence in house prices across a sample of European economies, including members and non-members of the Eurozone. Overall the literature has found no evidence of convergence ... -
Common smooth transition trend-stationarity in European unemployment
Elsevier (2008)This paper analyzes the hypothesis of hysteresis in Europe. The results are favorable to smooth transition trend-stationarity in European unemployment rates around highly persistent structural changes. In addition, we find ...
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Convergence and determinants of young people not in employment, education or training: An European regional analysis
Elsevier (2022)In this paper, we study the convergence in the rates of young people Not in Employment, Education or Training (NEET) across the 274 European regions from 2000 to 2019. First, we apply the club convergence methodology and ... -
Does Perceived Corruption Converge? International Evidence
De Gruyter (2022-03-17)This article analyses the evolution over time of perceived corruption for a large set of countries worldwide. To proxy corruption, we use the recently proposed Bayesian Corruption Index (Standaert, S. (2015). Divining the ...
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Energy use–GDP deterministic cointegration: progress towards EU-15 Kyoto targets
Taylor & Francis (2015)This article examines whether the energy consumption–GDP relationship is in long-term equilibrium for EU-15 countries. Unlike many previous works, we apply a nonlinear unit root test introduced by Kapetanios et al. (2003a) ...
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Euro, crisis and unemployment: Youth patterns, youth policies?
Elsevier (2016)This paper examines the occurrence of structural breaks in European unemployment associated with major institutional events. We uncover different responses of adult and youth unemployment rates. While adult unemployment ...
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External macroeconomic factors and the link between short- and long-run European interest rates: a note
Southern Economic Association (2009-04)This article analyzes the long-run relationships linking long- and short-run interest rates for the Euro-wide aggregated variables. To this end, we extend the set of variables traditionally involved in the Campbell and ...
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Globalisation: Recent traits and challenges
Wiley (2019)This special issue gathers together twelve papers that revisit a range of core topics in the field of international economics. These papers were presented at the XIX Conference on International Economics (CIE) held in ...
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Inequality and Unemployment Patterns in Europe: Does Integration Lead to (Real) Convergence?
Springer Verlag (2018)The economic convergence criteria adopted in the Maastricht Treaty and the fiscal discipline of the Stability and Growth Pact enforced nominal convergence, leaving aside real convergence indicators. In this paper, we use ...
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Measuring the Cost of Covid-19 in Terms of the Rise in the Unemployment Rate: The Case of Spain
Universitaet Kiel. Institut fuer Weltwirtschaft (2021)In this article, we aim to estimate what the cost of Covid-19 has been in terms of unemployment for Spain. We use a simple autoregressive model to simulate what the unemployment rate would have been without the pandemic ...
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New evidence on the role of regional clusters and convergence in China (1952–2008)
Elsevier (2012-12)A new panel method is applied to the case of Chinese provinces to analyze the existence of club convergence in terms of per capita income, labor productivity, and capital intensity, from 1952 to 2008. The advantage of this ...
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Nonlinear adjustment in the real dollar-euro exchange rate: The role of the productivity differential as a fundamental
Elsevier (2012)In this paper we analyze the influence of productivity differentials in the dynamics of the real dollar–euro exchange rate. Using nonlinear procedures for the estimation and testing of ESTAR models during the period 1970–2009 ...
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Nonlinear trend stationarity of the Real Exchange Rates of Mediterranean countries
Inderscience (2008)The aim of this article is to provide additional evidence on the fulfillment of the Purchasing Power Parity hypothesis in the so-called Mediterranean countries. In order to test for the empirical validity of such ...
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Oil Price Shocks and Labor Market Fluctuations
International Association for Energy Economics (2011-07)We examine the impact of real oil price shocks on labor market flows in the U.S. We first use smooth transition regression (STAR) models to investigate to what extent oil prices can be considered as a driving force of labor ...
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Oil prices and unemployment in the UK before and after the crisis: A Bayesian VAR approach. A note.
Elsevier (2018)The aim of this paper is to analyse the role of oil price movements in the evolution of unemployment in the UK, accounting for asymmetric effects. Distinguishing between positive and negative innovations in oil prices ...
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Oil prices, unemployment and the financial crisis in oil-importing countries: The case of Spain
(2019-08-15)The aim of this paper is to analyse the effect of oil price shocks on unemployment in an oil-importing country such as Spain to determine whether they affect unemployment differently in times of financial distress. In order ...
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On the long-run dynamics of income and wealth inequality
Springer (2021-04-07)We analyse top income and wealth shares data, by conducting a robust estimation of trends, tests for structural breaks, and tests for determining persistence. We include Anglo-Saxon countries, continental Europe and Asian ...
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Re-assessing causality between energy consumption and economic growth
Public Library of Science (2018)The energy consumption-growth nexus has been widely studied in the empirical literature, though results have been inconclusive regarding the direction, or even the existence, of causality. These inconsistent results can ...
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Re-examining inequality persistence
Institute for the World Economy (2020-01-20)Although it is not a new phenomenon, in recent years inequality has moved to the top of the political agenda given the concern that will result in political instability and social resentment. Persistence in inequality can ...
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Real convergence in Europe: A cluster analysis
Elsevier (2013)In this paper we analyse real convergence in GDP per worker in the EU member states. The aim is to test whether there is evidence of club convergence in the EU, i.e. divergence in GDP per worker. Evidence in favour of ...
