| 1. |
- Batavia, Bala, et al.
(författare)
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Country Growth Patterns : How Do Industrial and Emerging Market Nations Differ?
- 2011
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Ingår i: Journal of Economic Asymmetries. - : Elsevier BV. - 1703-4949. ; 8:2, s. 61-72
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Tidskriftsartikel (refereegranskat)abstract
- Some well-known two-sector models of industrial countries exhibit a crowding out effect between the main sectors of the economy. This is true of the Small Open Economy, traded-non-traded good model without nominal wage rigidity, and for the model of the Dutch Disease. In contrast, important models of semi-industrialized countries, or even emerging markets, such as the Bose Model, portray a complementary relation between the various sectors. This paper discusses a possible synthesis between these differing model specifications, and tests the applicability of these models for a large sample of industrial countries, emerging markets and developing economies by analyzing the inter-linkages in their sector growth patterns.
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| 2. |
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| 3. |
- Batavia, B., et al.
(författare)
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Export stagnation and budget deficits in the peripheral EU nations with EMU membership
- 2013
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Ingår i: Journal of Economic Asymmetries. - : Elsevier BV. - 1703-4949. ; 10:2, s. 94-100
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Tidskriftsartikel (refereegranskat)abstract
- This paper presents a theoretical model of the economic and financial implications of EMU entry for the peripheral nations of the Euro area, the so-called PIGS nations. The model derived shows that EMU membership initiates huge capital inflows into the PIGS nations, driving up prices and wage costs. The rise in prices reduces international trade competitiveness, reducing net exports, while the rise in wage costs leads to greater government budget outlays, deteriorating the government budget. Without exchange rate adjustments, export stagnation, further exacerbated by the economic downturn in the Euro area as a whole, has been the price paid by the peripheral Euro nations. Examining the data for the recent decade suggests that the arguments against laying the blame for the economic and financial crises in the PIGS nations squarely on bad domestic policy-making and practices need to be taken seriously.
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| 4. |
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| 5. |
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| 6. |
- DeJuan, Joseph, et al.
(författare)
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Regional Income Convergence in Sweden,1911-2003 : A Time Series Analysis
- 2012
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Ingår i: The journal of economic asymmetries. - : APF Press. - 1703-4949. ; 9:1, s. 67-87
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Tidskriftsartikel (refereegranskat)abstract
- The issue of income convergence is important for policy makers’ regional strategies aimed at redistributing funds to poorer regions in a country. We investigate the growth and convergence characteristics of 24 Swedish counties during the period 1911-2003. Using time series techniques, we find that shocks to relative county per capita incomes are temporary, and that initially poor (rich) counties tend to experience higher (lower) growth rates than the nation as whole. Our findings are consistent with the neoclassical model’s prediction of conditional convergence, and imply that market forces rather than interregional government redistribution are the main drivers behind our results.
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| 7. |
- Habimana, Olivier
(författare)
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Asymmetric nonlinear mean reversion in real effective exchange rates : A Fisher-type panel unit root test applied to Sub-Saharan Africa
- 2016
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Ingår i: Journal of Economic Asymmetries. - : Elsevier BV. - 1703-4949. ; 14, s. 189-198
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Tidskriftsartikel (refereegranskat)abstract
- This study investigates the nonlinear data generating processes of real effective exchange rates in a panel of Sub-Saharan African countries; the region with the highest transportation costs, trade barriers in international arbitrage and frequent central bank intervention in the foreign exchange market, which are plausible main sources of nonlinear and asymmetric deviations from purchasing power parity. By means of Monte Carlo simulations, we use the empirical distributions of the exponential smooth transition autoregressive (ESTAR), and the asymmetric ESTAR data generating processes to test for mean reversion in monthly real effective exchange rates. We then apply Fisher's inverse chi-square test that combines the observed significance levels of independent univariate unit root tests to test for panel unit roots. The findings suggest that once nonlinearities and asymmetries are taken into account, there is more evidence in favor of the purchasing power parity hypothesis.
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| 8. |
- Lyttkens, Carl Hampus
(författare)
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Health, economics, and ancient Greek medicine
- 2011
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Ingår i: Journal of Economic Asymmetries. - 1703-4949. ; 8, s. 165-192
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Tidskriftsartikel (refereegranskat)abstract
- A period of two and a half millennia separates us from the Classical period of ancient Greece. Nevertheless, looking at ancient Greek medicine from the perspective of modern health economics is an interesting endeavour in that it increases our understanding of the ancient world and provides insights into contemporary society. Ancient Greece is rightly famous for pioneering secular and scientific medicine, but equally noteworthy is the prominence of healing cults, such as that of Asklepios. In this paper, the market for secular physicians is illuminated with tools from modern economics, for example the concern for the physician’s reputation. The simultaneous emergence in ancient Greece of a scientific and rational approach to medicine and the proliferation of religious medicine provides an interesting vantage point for a study of the current market for alternative medicine. Similar circumstances arguably lie behind the dual nature of the health market that was present then and is still present now. The underlying mechanism in both periods is hypothesised to be increased uncertainty in everyday life.
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