1,721,037 research outputs found
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Long run price dynamics: the measurement of substitutability between commodities
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Medieval foreign exchange: a time series analysis
No full textThis chapter applies rigorous statistical analysis to existing datasets of medieval exchange rates quoted in merchants’ letters sent from Barcelona, Bruges and Venice between 1380 and 1310, which survive in the archive of Francesco di Marco Datini of Prato. First, it tests the exchange rates for stationarity. Second, it uses regression analysis to examine the seasonality of exchange rates at the three financial centres and compares them against contemporary descriptions by the merchant Giovanni di Antonio da Uzzano. Third, it tests for structural breaks in the exchange rate series
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Railways and population growth: Northamptonshire and Rutland, 1801-91
No full textProspects for monetary integration in ASEAN
No full textIn the past two decades, a new resolve for both increased economic integration
and monetary and exchange rate cooperation has started to emerge in ASEAN, most
notably since the 1997-1998 Asian financial crisis. This thesis addresses the question of
whether there are sufficient economic reasons to justify such a move.
The first chapter presents an historical overview of the integration process in
ASEAN to date and the main motivations for the study. The following two chapters
present a review of the main theory (Chapter II) and empirical works (Chapter III) on
optimum currency areas and present the basis for the remainder of the study.
The fourth chapter investigates whether structural shocks among ASEAN
countries are becoming more symmetrical over time, thus verifying whether this region
is becoming better prepared to introduce a common currency.
The fifth chapter studies the degree of relative price adjustment in ASEAN by
providing a study on the degree of exchange rate pass-through into domestic prices,
using the distribution chain of pricing. This study includes, for the first time, all five
founding members of ASEAN (ASEAN5) and draws inferences on their suitability for
further monetary cooperation.
The sixth chapter researches whether the recorded increase in intra-ASEAN trade
is moving ASEAN members towards closer economic integration by applying a new panel
data methodology.
The final chapter presents the main conclusions
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Local property values in fourteenth and fifteenth-century England
No full textExploring social media:Twitteronomics and beyond
No full textThis chapter presents a comprehensive overview of the tools of analysis of social media data in economic literature. It includes a discussion of the technical details of collection, visualisation, and empirical analysis of data from Twitter and Google Trends using Stata and Python codes. These methods are illustrated in practical examples of the analysis of exchange rate responses to political uncertainty and labour market responses to COVID-19 pandemics.</p
Econometric estimation of the "Constant Elasticity of Substitution" function in R:the micEconCES package
No full textThe Constant Elasticity of Substitution (CES) function is popular in several areas of economics, but it is rather rarely used in econometric analysis because it cannot be estimated by standard linear regression techniques. This chapter starts with a discussion of several approaches for estimating the traditional CES function with two inputs as well as nested CES functions with three and four inputs. It proceeds with the demonstration of how these approaches can be applied in R using the add-on package micEconCES and describes how the various estimation approaches are implemented in the micEconCES package. The chapter concludes with an illustration of the usage of this package by replicating some estimations of CES functions that are reported in the literature
Cupidity and crime: consumption as revealed by insights from the Old Bailey records of thefts in the eighteenth and nineteenth centuries
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Large databases in economic history: research methods and case studies
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