Practice Questions and Past Exam Questions Question 1: Short answer questions. (a). It is widely accepted that empirical distributions of returns of various financial assets exhibit leptokurtosis. Explain what leptokurtosis is and how one can verify whether a certain empirical distribution is leptokurtic or not. (b). Fama-French three factor model attempts to explain the excess return on a certain asset in terms of three explanatory variables. This model includes two additional explanatory variables
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International Journal of Economics and Financial Issues Vol. 3‚ No. 3‚ 2013‚ pp.743-751 ISSN: 2146-4138 www.econjournals.com Foreign Aid and Economic Growth in Egypt: A Cointegration Analysis Hoda Abd El Hamid Ali Department of Economics and Foreign Trade‚ Faculty of Commerce and Business Administration‚ Helwan University‚ Cairo‚ Egypt. Tel: 00201003452575. Email: hoda_hawary@yahoo.com ABSTRACT: There is a current and growing debate on the effectiveness of foreign aid‚ especially in
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A brief overview of the classical linear regression model What is a regression model? Regression versus correlation Simple regression Some further terminology Simple linear regression in EViews -- estimation of an optimal hedge ratio The assumptions underlying the classical linear regression model Properties of the OLS estimator Precision and standard errors An introduction to statistical inference 27 27 28 28 37 2.6 2.7 2.8 2.9 v 40 43 44 46 51 vi Contents
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EViews 6 User’s Guide I EViews 6 User’s Guide I Copyright © 1994–2007 Quantitative Micro Software‚ LLC All Rights Reserved Printed in the United States of America This software product‚ including program code and manual‚ is copyrighted‚ and all rights are reserved by Quantitative Micro Software‚ LLC. The distribution and sale of this product are intended for the use of the original purchaser only. Except as permitted under the United States Copyright Act of 1976‚ no part of this product may
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University‚ Kushtia 7003‚ Bangladesh. *E-mail of corresponding: arifeconomics@yahoo.com Abstract The study analyzed the major determinants of inflation in Bangladesh using data for the period from 1978 to 2010. The study employed Johansen-Juselius cointegration methodology to test for the existence of a long run relationship between the variables. The cointegrating regression considers only the long-run property of the model‚ and does not deal with the short-run dynamics explicitly. For this‚ the error
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SURGE 2013 Project Report Relationship among Inflation‚ Interest rate and Output: A Case Study of India Submitted by Abhishek Gaurav Department of Humanities and Social Sciences Indian Institute of Technology‚ Kanpur Kanpur – 208016 Under the guidance of Dr. Surajit Sinha Department of Humanities and Social Sciences Indian Institute of Technology‚ Kanpur Kanpur-208016 India RELATIONSHIP AMONG INFLATION INTERST RATE AND OUTPUT: A CASE STUDY OF INDIA Abhishek Gaurav 2 Department
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Current Research Journal of Social Sciences 4(1): 62-68‚ 2012 ISSN: 2041-3246 © Maxwell Scientific Organization‚ 2012 Submitted: November 19‚ 2011 Accepted: December 20‚ 2011 Published: January 25‚ 2012 Impact of Tax Reforms and Economic Growth of Nigeria: A Time Series Analysis G.N. Ogbonna and 2Appah Ebimobowei Department of Accounting‚ Faculty of Management Sciences‚ University of Port Harcourt‚ Nigeria 2 Department of Accounting‚ Faculty of Business Education‚ Bayelsa State College of
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introduced into the model. We construct a unique set of quarterly data and employ unit root and cointegration tests that can account for multiple endogenous structural breaks. In addition‚ to capture the evolution of China ’s foreign trade pattern‚ we employ time-varying (i.e. 3-year average) trade weights to construct the real effective exchange rate. We find two structural breaks in the cointegration relationship (in 1988 and 1992). Effective terms of trade‚ demographic factors‚ liquidity constraints
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the study shows a dichotomy in obtained results. So the reconciliation of debt should be prudent to optimize the growth of Bangladesh. Short run disequilibrium in the path of long run is corrected at a good speed. Keywords: Crowding out effect‚ cointegration‚ debt overhang‚ external public debt‚ error correction mechanism. INTRODUCTION It is a contentious issue
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the basis of quarterly data from 1986Q1 to 2007Q4. The empirical analysis starts by analyzing the time series properties of the data which is followed by examining the nature of causality among the variables. Furthermore‚ the Johansen VAR-based cointegration technique is applied to examine the sensitivity of real economic growth to changes in oil prices and real exchange rate volatility in the long-run while the short run dynamics was checked using a vector error correction model. Results from ADF
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