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| Yeo, JunHo; Ahn, Sung K.; Holland, David W.. |
| In recent years, the research that investigates impact of employment on other labor related variables has a prominent place in regional science. Generally, it is well understood that new business investment brings changes in population, increased labor force participation rate and migration of new residents. There is mixed research results regarding the extent that new migrants tend to account for new employment. Bartik (1993) found that about one-quarter of the new jobs go to local workers because of the increase in the labor force participation rates of local residents in the long run. He considered the long run effects by estimating the effects of 1% job growth in a certain period on the labor force participation rate seventeen years after the... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Labor and Human Capital. |
| Ano: 2001 |
URL: http://purl.umn.edu/20614 |
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| Ge, Yuanlong; Wang, H. Holly; Ahn, Sung K.. |
| The cotton market in China is highly interactive with international markets, especially, the US market. The prices in these two markets can reveal important market relations. Investigating the data of futures prices from the New York Board of Trade (NYBOT) and the Zhengzhou Commodity Exchange (CZCE) using several time series methods, we find a long-run cointegration relationship between these I(1) series. Furthermore, a bi-directional Granger Causality between these two futures markets is detected with Generalized Autoregressive Conditional Heteroskedasticity (GARCH) error specifications. We also find the relationship is impacted by the Chinese exchange rate policy change in the 2005. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Cotton futures prices; Cointegration; Granger causality test; AR-GARCH.; Agricultural Finance. |
| Ano: 2008 |
URL: http://purl.umn.edu/37623 |
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