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Träfflista för sökning "WFRF:(Durevall Dick 1954 ) ;srt2:(1995-1999)"

Sökning: WFRF:(Durevall Dick 1954 ) > (1995-1999)

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1.
  • Bjurek, Hans, 1957, et al. (författare)
  • Does Market Liberalization Increase Total Factor Productivity: Evidence from the Manufacturing Sector in Zimbabwe
  • 1998
  • Rapport (övrigt vetenskapligt)abstract
    • In this paper we analyze if the structural adjustment program (ESAP), implemented during 1991-1995, contributed to an increase in total factor productivity in the manufacturing sector. To evaluate if productivity has grown we first estimate indexes of total factor productivity for 31 manufacturing sub-sectors for the period 1980-1995. Then we use panel data methods to test for the effects of trade reform and other variables related to ESAP. In general the growth rates vary greatly both over time and across sections. The overall impression is that there was no growth in total factor productivity on average during the whole period of ESAP. However, during the last two years, 1994-1995, most sub-sectors experienced increases in total factor productivity.
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  • Durevall, Dick, 1954, et al. (författare)
  • A Dynamic Model of Inflation for Kenya 1974 - 1996
  • 1998
  • Rapport (övrigt vetenskapligt)abstract
    • This paper develops an error correction model with the aim of analysing the behaviour of prices in Kenya during 1974 -1996. In estimating the model, we first test for cointegration in the money and foreign exchange markets, using the Johansen procedure. The cointegrating vectors are then included in an autoregressive distributed-lag model, and a general-to-specific procedure is applied to obtain a parsimonious, empirically constant, error correction model. We find that in the long run inflation emanates from movements in the exchange rate, foreign prices, and terms of trade. The error correction term for the monetary sector does not enter the model, but money supply and the interest rate influence inflation in the short run. Inflation inertia is found to be an important determinant of inflation up until 1993, when about 400f the current inflation is carried over to the next quarter. After 1993, inertia drops to about 10%. The dynamics of inflation are also influenced by food supply constraints, proxied by maize-price inflation. These findings indicate that the exchange rate is likely to be a more efficient nominal anchor than money supply, and that inflation could be made more stable by policies that secure the supply of maize during droughts.
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  • Durevall, Dick, 1954 (författare)
  • Inertial Inflation, Indexation and Price Stickiness: Evidence from Brazil
  • 1998
  • Rapport (övrigt vetenskapligt)abstract
    • This paper evaluates the inertial inflation hypothesis for Brazil during the 1970s and the first half of the 1980s. According to this hypothesis, (wage) indexation created a feedback mechanism such that one-time supply shocks were fully transmitted into permanent increases in inflation. First a simple theoretical model is used to show that the hypothesis is based on the assumption of perfect price flexibility. When price stickiness is introduced, indexation does not produce inertial inflation. Then, to investigate the impact of indexation on inflation, the degree of inertia (persistence) is compared between two periods, one with widespread indexation (1969-1985) and an earlier one without indexation (1945-1963). Unit root tests and the variance ratio test are used. The variance ratio test is also applied to inflation in the U.S. for the period (1969-1985) and France for (1983-1993), a period when there was no wage indexation. Finally, vector-autoregressive representations are estimated for the period 1972-1985. They differ from earlier work in that price tickiness is allowed for. The empirical results do not support the inertial inflation hypothesis; inertia does not seem to have been unusually high during the period of indexation, and impulse response analysis indicates that inflation shocks had only short-run effects on the level of inflation
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  • Durevall, Dick, 1954, et al. (författare)
  • Money Demand and Transmission Effects in Sweden
  • 1995
  • Ingår i: Juselius, K. (ed.), Econometric Modelling of Long-Run Relations and Common Trends: Theory and Applications. - : University of Copenhagen.
  • Bokkapitel (övrigt vetenskapligt)
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  • Resultat 1-9 av 9
 
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