Balcilar, Mehmet; Gupta, Rangan; Jooste, Charl; Ranjbar, Omid(Chamber of Commerce of Genova, 2016-02)
We test for a unit root in de-trended GDP in a two-state Markov switching specification
using a modified Augmented Dickey-Fuller test. Our results show that a first difference GDP
specification is preferred over the ...
The Feldstein–Horioka (FH) puzzle, that is the strong correlation between saving and
investment in a world where obstacles to capital mobility are limited, has been studied
extensively since it was exposed in 1980. Even ...
We study inflation persistence in South Africa using a quantile regression approach. We
control for structural breaks using a quantile structural break test on a long span of inflation
data. Our study includes persistence ...
PURPOSE : The purpose of this paper is to investigate whether there exist multiple bubbles in the Brazil, Russia, India, China and South Africa (BRICS) stock markets. DESIGN/METHODOLOGY/APPROACH : In this study, the authors ...
