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Author : Oluwatobi Oyefeso
Release : 2003
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis An Empirical Analysis of Convergence for UK, US and European Stock Markets by : Oluwatobi Oyefeso
Download or read book An Empirical Analysis of Convergence for UK, US and European Stock Markets written by Oluwatobi Oyefeso. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Oluwatobi Oyefeso
Release : 2003
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis An Empirical Analysis of Convergenge [sic] for UK, US and European Stock Markets by : Oluwatobi Oyefeso
Download or read book An Empirical Analysis of Convergenge [sic] for UK, US and European Stock Markets written by Oluwatobi Oyefeso. This book was released on 2003. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Guglielmo Maria Caporale
Release : 2009
Genre :
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Book Synopsis Testing for Convergence in Stock Markets by : Guglielmo Maria Caporale
Download or read book Testing for Convergence in Stock Markets written by Guglielmo Maria Caporale. This book was released on 2009. Available in PDF, EPUB and Kindle. Book excerpt: This paper applies the Phillips and Sul (2007) method to test for convergence in stock returns to an extensive dataset including monthly stock price indices for five EU countries (Germany, France, the Netherlands, Ireland and the UK) as well as the US over the period 1973-2008. We carry out the analysis on both sectors and individual industries within sectors. As a first step, we use the Stock and Watson (1998) procedure to filter the data in order to extract the long-run component of the series; then, following Phillips and Sul (2007), we estimate the relative transition parameters. In the case of sectoral indices we find convergence in the middle of the sample period, followed by divergence, and detect four (two large and two small) clusters. The analysis at a disaggregate, industry level again points to convergence in the middle of the sample, and subsequent divergence, but a much larger number of clusters is now found. Splitting the cross-section into two subgroups including Euro area countries, the UK and the US respectively, provides evidence of a global convergence/divergence process not obviously influenced by EU policies.
Author : World Bank
Release : 2008-11-04
Genre : Political Science
Kind : eBook
Book Rating : 08X/5 ( reviews)
Book Synopsis World Development Report 2009 by : World Bank
Download or read book World Development Report 2009 written by World Bank. This book was released on 2008-11-04. Available in PDF, EPUB and Kindle. Book excerpt: Rising densities of human settlements, migration and transport to reduce distances to market, and specialization and trade facilitated by fewer international divisions are central to economic development. The transformations along these three dimensions density, distance, and division are most noticeable in North America, Western Europe, and Japan, but countries in Asia and Eastern Europe are changing in ways similar in scope and speed. 'World Development Report 2009: Reshaping Economic Geography' concludes that these spatial transformations are essential, and should be encouraged. The conclusion is not without controversy. Slum-dwellers now number a billion, but the rush to cities continues. Globalization is believed to benefit many, but not the billion people living in lagging areas of developing nations. High poverty and mortality persist among the world's 'bottom billion', while others grow wealthier and live longer lives. Concern for these three billion often comes with the prescription that growth must be made spatially balanced. The WDR has a different message: economic growth is seldom balanced, and efforts to spread it out prematurely will jeopardize progress. The Report: documents how production becomes more concentrated spatially as economies grow. proposes economic integration as the principle for promoting successful spatial transformations. revisits the debates on urbanization, territorial development, and regional integration and shows how today's developers can reshape economic geography.
Author : Robert J. Barro
Release : 2003-10-10
Genre : Business & Economics
Kind : eBook
Book Rating : 539/5 ( reviews)
Book Synopsis Economic Growth, second edition by : Robert J. Barro
Download or read book Economic Growth, second edition written by Robert J. Barro. This book was released on 2003-10-10. Available in PDF, EPUB and Kindle. Book excerpt: The long-awaited second edition of an important textbook on economic growth—a major revision incorporating the most recent work on the subject. This graduate level text on economic growth surveys neoclassical and more recent growth theories, stressing their empirical implications and the relation of theory to data and evidence. The authors have undertaken a major revision for the long-awaited second edition of this widely used text, the first modern textbook devoted to growth theory. The book has been expanded in many areas and incorporates the latest research. After an introductory discussion of economic growth, the book examines neoclassical growth theories, from Solow-Swan in the 1950s and Cass-Koopmans in the 1960s to more recent refinements; this is followed by a discussion of extensions to the model, with expanded treatment in this edition of heterogenity of households. The book then turns to endogenous growth theory, discussing, among other topics, models of endogenous technological progress (with an expanded discussion in this edition of the role of outside competition in the growth process), technological diffusion, and an endogenous determination of labor supply and population. The authors then explain the essentials of growth accounting and apply this framework to endogenous growth models. The final chapters cover empirical analysis of regions and empirical evidence on economic growth for a broad panel of countries from 1960 to 2000. The updated treatment of cross-country growth regressions for this edition uses the new Summers-Heston data set on world income distribution compiled through 2000.
