scholarly journals The Shadow Economy in OECD Countries: Panel-Data Evidence

Author(s):  
Konstantin A. Kholodilin ◽  
Ulrich Thiessen
2011 ◽  
Vol 41 (2) ◽  
pp. 533-554 ◽  
Author(s):  
María Santana-Gallego ◽  
Francisco Ledesma-Rodríguez ◽  
Jorge V. Pérez-Rodríguez

Author(s):  
Harun Bal ◽  
Mehmet Demiral ◽  
Filiz Yetiz

There is an immense literature on the effects of exchange rate changes on macroeconomic indicators, specifically on the trade balance, growth, inflation, and overall productivity in open economies. One of the main attempts in the related literature is about ascertaining whether the exchange rate fluctuations alter domestic prices. This possible mechanism is called as the pass-through effect which is getting more important since the argument that exchange rate adjustment is a part of the solution for global rebalancing is empirically well-supported. Starting from this claim, this study purposes to explore whether there is an exchange rate pass-through effect in 19 high-income OECD countries over the period 1990-2015. To this end, using a panel data set of consumer price index, producer price index proxied by wholesale price index, the nominal effective exchange rates, and industrial production presented by the value-added share of industry sectors in gross domestic product, structural vector autoregressive (VAR) and autoregressive distributed lag (ARDL) models are estimated in an unbalanced panel data analysis procedure. Results reveal that exchange rate pass-through effects on the domestic prices are significant but not that strong in both the short-run and the long-run. Expectedly, the pass-through effects tend to diminish over time. The study concludes that policy-makers need to consider policy actions accompanying the exchange rate changes to ensure domestic price stability which consequently interacts with many macroeconomic indicators.


2010 ◽  
Author(s):  
Renaud Bourlès ◽  
Gilbert Cette ◽  
Jimmy Lopez ◽  
Jacques Mairesse ◽  
Giuseppe Nicoletti

Author(s):  
Samet Akça ◽  
Bilge Afşar

This chapter studies innovation and economic growth and emphasizes their relationship. In this context; innovation and economic growth outputs of 16 OECD countries between 2005 and 2015 are analyzed. GDP is considered as economic growth variable, R&D investments in GDP (%), and patent applications are considered as innovation variables. In light of these variables, panel data analyze is used. Unit root, Pedroni co-integration and FMOLS tests were applied with the order. As a result, the increase in patent applications and R&D investments was found to have a positive effect on economic growth.


2017 ◽  
Vol 8 (1) ◽  
pp. 24
Author(s):  
Elif Guneren Genc ◽  
Ozlem Deniz Basar

The purpose of this study is to investigate the makroeconomic effects of OECD countries, having a major economic share in the regional communities, in the scope of complex economic structure, and accordingly, to determine the effects of those on Turkey's exports and imports. For this purpose, Turkey’s bilateral export and import volumes with OECD countries for the period of 1996 to 2014 were modelled by using these countries’ macroeconomic time series variables and panel data sets. It was revealed at the end of the study that the most determinant macroeconomic factors concerning the increase in Turkey’s import is the increase in per capita GNP in these countries. This variable is seen to be followed by these countries’ urban population, export indices and the export increases of Turkey for these countries respectively.


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