103,255 research outputs found
The role of controls in the international financial crisis
No full textFinancial institution, Banks, Globalization, G20, G21, F3,
Wealth and consumption : from a household point of view
No full textThis paper provides empirical analysis of the role of weath of a household in consumption decisions. A short introduction to the theories of consumption was presented and some methods for wealth measurement are also discussed. A demographic structure of a household is considered to have a great influence on consumption decisions, beside
The role of divorce in the consumtion function:further evidence.
No full textRenewed attention was recently devoted to the theory and empirical evidence aboutr the consumption function, to derive a more comprehensive model suitable for estimation purposes. This note provides new empirical evidence on the divorce variable in Italy for the period 1971-2000.By considering the time series properties of the variables involved in the consumption function and the cointegration approach using annual data, consumption and divorce are demostrated to have an order-one integration and a cointegration, showing a long and a short-run co-movement
Recensione di: Gennari, M., Tamanza, G. (2012). Il Disegno Congiunto della Famiglia. Uno strumento per l’analisi delle relazioni familiari
No full textLa recensione del volume di Gennari, M., Tamanza, G. (2012). Il Disegno Congiunto della Famiglia. Uno strumento per l’analisi delle relazioni familiari, commenta le caratteristiche dello strumento presentato dagli autori, con una particolare attenzione agli aspetti di validità dello stesso
Unemployment in Italy : some basic considerations
No full textThe object of the study is to analyze the behaviour of unemployment in Italy checking for asymmetry. Two non-parametric tests are employed : the transition probabilities test and the duration dependence test
Co-integrating relationship between terms of trade, money and current account : the Italian evidence
No full textThe paper analyses long-run relationship between terms of trade, money and current account for Italy in the perido from the first quarter of 1975 to the first quarter of 2001
A note on the relation between government expenditure and receipts in Italy : a quarterly analisys
No full textA precise knowledge of the relation between government expenditure and revenues may be useful to control budget deficits because, if there is interdependence raising taxes to reduce deficits may lead directly to more spending. An effective manipulation of central government spending and tax revenues requires information on the direction of causality between these economic variables.
The purpose of this paper is to investigate the relationship between government expenditure and receipts based on quarterly data, using the structural cointegration approach of Pesaran and Pesaran 1997. This approach tries to link the new literature of cointegration and the traditional literature of dynamic structural econometric modelling and not only identifies cointegration vectors, but also suggests the use of model selection criteria, together with diagnostic tests, to specify short-run dynamics and deterministic components.
In the results presented below, the structural cointegration approach provides evidence of a long and short-run equilibrium between government spending and receipts, supporting the assumption that the Italian Government’s expenditure is a sort of automatic stabiliser as opposed to Wagner’s Law.
Tests were performed for the presence of short and long-run causality: all the estimates point out to bi-directional causality, with Granger expenditure causing revenues and Granger revenues causing expenditure for almost all lag structures
Fertility, trade liberalisation and growth : some new evidence
No full textDiscussions are often made on the influence of fertility rates on economic growth ones. In order to test certain assumptions empirically, we decided to estimate a few functions where the per capita income of the countries under study is regressed jointly on fertility rates, on export and import rates vs the GDP and on certain variables representative of the quality of government decisions and of court activities.
Our findings seem to justify some caution with respect to openness to international trade , while the evidence in favour of education and the fair behaviour of the institutions is instead unanimously positive
Real Wages and Imports
No full textA number of models are based on the idea that wages are shaped by domestic and international forces, but literature on international trade and the labour market performance highlight opposing views and evidence.
The main issue in this paper is to investigate, from an empirical point of view, a possible long-run relationship between imports and wages at the macro level in Italy in the period 1976.1-2001.1, partly along the lines of Zhu (1996). We employ cointegration tests and, specifically, we suggest to consider a relevant break, the exit of Italy from the EMS.
The model is estimated and tested with respect to its long-run and dynamic properties. We conclude in favour of a systematic long-run cointegrating relationship, between “real hourly wage rate in manufacturing” and “imports of manufactured goods”, with causal effects running bidirectionally
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