|
|
|
|
|
Ansari, Mohammed I.. |
The purpose of this paper is to estimate, by using the recent econometric techniques of unit root testing and Johansen-Juselius cointegration technique (1990), the impact of foreign capital inflow on the volume and efficiency of domestic investment in the United States during the period, 1973-1999. A battery of diagnostic tests is employed to check the validity and robustness of the estimated results. Evidence suggests that capital inflows have had a significant positive effect on the volume of US investment, but the effect on the efficiency of investment has been minimal. These findings imply that, while achieving current account balance is important, it is equally important to sustain and augment the beneficial impact of capital inflow by creating a more... |
Tipo: Journal Article |
Palavras-chave: Current account; Capital inflow; F21; F41; O51. |
Ano: 2004 |
URL: http://purl.umn.edu/37640 |
| |
|
| |
|
|
Herrera Hernandez, Jorge. |
In this document I apply a recently developed econometric technique to prove the existence of common movements between time series. Said methodology is used to test and measure the existence of common cycles between the economies of Mexico and the United States for the 1993-2001 period. It is found that both economies share a common trend and a common cycle. Also, given the existence of one common cycle between these economies, it is found that transitory shocks affecting Mexico’s GDP are more important than when a conventional trend-cycle decomposition methodology is applied. Finally, it is shown that there are efficiency gains in forecasting by considering the common cycle restriction in a bivariate vector error correction model that includes the Mexican... |
Tipo: Journal Article |
Palavras-chave: Time series models; U.S. GDP; Mexican GDP; C32; O51; O54. |
Ano: 2004 |
URL: http://purl.umn.edu/43550 |
| |
|
|
Sedjo, Roger A.. |
Unlike other resources such as petroleum, coal, and copper, forests are renewable. Yet, in many respects forests historically have been treated as a nonrenewable resource in that forest stocks were depleted or "mined" and loggers moved on to exploit other "deposits." The lands were often put to other uses, typically agricultural, or allowed to regenerate naturally. This paper looks at technical change in forest extraction, i.e., logging under a number of different conditions. It finds that, on average, labor productivity has been increasing in recent decades. However, total factor productivity in the US has declined in recent years. In addition, the study examines the tree-growing potential of plantation forestry. It finds that there is underway a... |
Tipo: Working or Discussion Paper |
Palavras-chave: Productivity; Resources; Forests; Timber; Technology; Innovations; Plantations; Logging; Genetics; Extraction; Resource /Energy Economics and Policy; O31; O32; O50; O51; Q23. |
Ano: 1997 |
URL: http://purl.umn.edu/10667 |
| |
|
|
Waldorf, Brigitte S.. |
This paper— part of a comprehensive project on industry clusters and rural competitiveness— explores the role of industrial specialization and rurality on economic performance for counties in the continental United States. Regression models are estimated that evaluate the impact of industry cluster-specific employment shares on per capita income growth overall, as well as in a sequence of different contextual settings. Overall, the results suggest that economic disparities across U.S. counties will diminish. The results also suggest that economic specialization “per se” is not a guarantee for economic growth. Instead, economic growth very much depends on the type of specialization and the contextual setting, with distinct differences between, for example,... |
Tipo: Working or Discussion Paper |
Palavras-chave: Economic Growth; Industry Clusters; Rural America; Community/Rural/Urban Development; O18; O51; R11. |
Ano: 2007 |
URL: http://purl.umn.edu/7334 |
| |
|
|
Herrera Hernandez, Jorge. |
In this document I apply a recently developed econometric technique to prove the existence of common movements between time series. Said methodology is used to test and measure the existence of common cycles between the economies of Mexico and the United States for the 1993-2001 period. It is found that both economies share a common trend and a common cycle. Also, given the existence of one common cycle between these economies, it is found that transitory shocks affecting Mexico’s GDP are more important than when a conventional trend-cycle decomposition methodology is applied. Finally, it is shown that there are efficiency gains in forecasting by considering the common cycle restriction in a bivariate vector error correction model that includes the Mexican... |
Tipo: Journal Article |
Palavras-chave: Time series models; U.S. GDP; Mexican GDP; C32; O51; O54. |
Ano: 2004 |
URL: http://purl.umn.edu/43546 |
| |
|
| |
|
|
|