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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) ...
Migrants, regulations, and trade
(Elsevier, 2023-01-10)
Existing evidence indicates that immigration helps to overcome informal barriers to trade, but little is known about whether this effect holds for trade frictions coming from importing countries’ regulations. This paper ...
Foreign trade and economic growth in Spain (1900–2012): the role of energy imports
(Springer International PublishingSocietà Editrice il Mulino, 2015)
We take a long-term perspective (1900–2012) to examine the causal relationship between foreign trade and economic growth for Spain. Results from both Johansen’s (J Econ Dyn Control 12:231–254, 1988) and Toda and Yamamoto’s ...
Disentangling permanent and transitory monetary shocks with a nonlinear Taylor rule
(De Gruyter, 2021)
This article provides an estimation method to decompose monetary policy innovations into persistent and transitory components using the nonlinear Taylor rule proposed in Andolfatto, Hendry, and Moran (2008) [Are inflation ...
Current account sustainability in Central and Eastern Europe: structural change and crisis
(Springer, 2020-02-13)
In this paper we analyse the evolution of the current account as a percentage of GDP for a group of Central and Eastern European Countries. Instead of analysing only the variable for unit roots, we go a step further and ...
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 ...
Do Transfer Costs Matter for Foreign Remittances? A Gravity Model Approach
(Kiel Institute for the World Economy, 2016)
Using bilateral data on remittance flows to Pakistan for 23 major host countries, this is the first study that examines the effect of transaction costs on foreign remittances. The authors find that the effect of transaction ...
Does new donors' aid affect gross exports and GVC participation differently?
(Routledge, 2021-07-05)
This paper investigates whether new donors use foreign aid to facilitate their integration in the world economy. With this aim, the effect of foreign aid on gross trade and global value chains (GVC) is estimated for a ...
Has the relationship between the real exchange rate and its fundamentals changed over time?
(Taylor and Francis, 2022-07-11)
In this paper we contribute to the literature on determining the real exchange rate by using models that incorporate structural breaks and nonlinearities. We estimate cointegrated dynamic ordinary least squares regressions ...
African Asylum Seekers in Europe: The Interplay between Foreign Aid and Governance in Origin Countries
(Springer, 2021-12-28)
This paper empirically investigates the effects of governance quality on the num‑
ber of African asylum seekers in Europe over the period 1996–2018 and evaluates
the extent to which official development aid acts as a ...