Cuestas, Juan Carlos, Camarero Olivas, Mariam, Ordoñez, Javier
The aim of this paper is to investigate whether there exists a long run relationship between the real exchange rate and the commodity terms of trade in the so-called ¿Mediterranean¿ or MENA...
The aim of this paper is to analyse the empirical fulfilment of PPP in a number of Central and Eastern European countries. For this purpose we apply two different unit root tests in order to control...
Nonlinear trend stationarity of real exchange rates: the case of the mediterranean countries (2006)
Camarero Olivas, Mariam, Cuestas, Juan Carlos, Ordoñez, Javier
The aim of this article is to provide additional evidence on the fulfilment of the Purchasing Power Parity hypothesis in the so-called Mediterranean countries. In order to test for the empirical...
Juan Carlos Cuestas, Javier Ordoñez, Mariam Camarero
The aim of this paper is to investigate whether there exists a long run relationship between the real exchange rate and the commodity terms of trade in the so-called ¿Mediterranean¿ or MENA...
The aim of this paper is to analyse the empirical fulfilment of PPP in a number of Central and Eastern European countries. For this purpose we apply two different unit root tests in order to control...
NONLINEAR TREND STATIONARITY OF REAL EXCHANGE RATES: THE CASE OF THE MEDITERRANEAN COUNTRIES
Juan Carlos Cuestas, Javier Ordoñez, Mariam Camarero
The aim of this article is to provide additional evidence on the fulfilment of the Purchasing Power Parity hypothesis in the so-called Mediterranean countries. In order to test for the empirical...
Purchasing Power Parity versus the EU in the Mediterranean countries
Mariam Camarero, Juan Carlos Cuestas, Javier Ordóñez
This study applies a group of unit root and stationarity tests to study the hypothesis of Purchasing Power Parity in ten Mediterranean countries. The real effective exchange rate with the European...
Unemployment and entrepreneurship: a cyclical relationship?
Joao Ricardo Faria, Juan Carlos Cuestas, Luis Gil-Alana
This paper presents a cyclical model for unemployment and entrepreneurship. The estimated periodicity of the cycles for the US, the UK, Spain and Ireland is between 5 and 10 years, and the orders of...
Juan Carlos Cuestas, Paulo José Regis
This paper tests for the empirical fulfilment of PPP in Australia (1977-2004). Previous research focuses on the presence of structural breaks and fails to find any support for PPP (Darne and Hoarau,...
Testing for stationarity of inflation in Central and Eastern European Countries
Juan Carlos Cuestas, Barry Harrison
In this paper we provide an insight into the inflation dynamics in a panel of Central and Eastern European countries. These countries are selected because of their increasing importance in the EU and...
Nonlinearities and the order of integration of oil prices
Juan Carlos Cuestas, Paulo Jose Regis
Unit root tests are the starting point of most empirical time series research. This paper analyses the order of integration of oil prices taking into account the possibilities of nonlinearities in...
Entrepreneurship and unemployment: a nonlinear bidirectional causality
Joao Ricardo Faria, Juan Carlos Cuestas, Estefania Mourelle
This paper tests the view that the relation between unemployment and entrepreneurship is dynamic and possibly nonlinear. It performs Granger-causality tests and STAR-EXT estimation to assess the...
Nonlinearities in real exchange rate determination: do African exchange rates follow a radom walk?
Juan Carlos Cuestas, Estefania Mourelle
In this paper we aim at modelling the long run behaviour of the Real Effective Exchange Rates (REER) for a pool of African countries. Not much attention has been paid to this group of countries, in...
Juan Carlos Cuestas, Dean Garratt
The aim of this paper is to provide additional evidence about the order of integration of constant price GDP per capita in a selection of countries. It does so by taking into account the possibility...
Juan Carlos Cuestas, Paulo Jose Regis
The aim of this paper is to analyse the empirical fulfilment of the PPP in Australia (1977-2004). Previous research focuses on the presence of structural breaks and fails to find any support to the...
Testing for convergence among Mercosur countries
Juan Carlos Cuestas, Javier Ordóñez
The aim of this paper is to analyse the existence of price convergence in Mercosur. Two variables are considered, Consumer Price Indices to assess convergence in the goods and services markets and...
Nonlinear trend stationarity of real exchange rates: the case of the Mediterranean countries
Mariam Camarero, Juan Carlos Cuestas, Javier Ordonez
The aim of this article is to provide additional evidence on the fulfilment of the Purchasing Power Parity (PPP) hypothesis in the so-called Mediterranean countries. In order to test for the...
The aim of this article is to analyse the empirical fulfilment of purchasing power parity (PPP) in a number of Central and Eastern European countries. For this purpose we apply two different unit...
Juan Carlos Cuestas, Barry Harrison
This paper analyses the empirical fulfilment of the Real Interest Rate Parity (RIRP) theory for a pool of Central and Eastern European Countries. To do so, we apply the recently developed Ng and...
Inflation persistence and asymmetries: evidence for African countries
Juan Carlos Cuestas, Estefanía Mourelle
In this paper we aim at testing the inflation persistence hypothesis as well as modelling (using logistic smooth transition autoregressive, LSTAR, models) the long run behaviour of inflation rates in...
The aim of this paper is to analyse the empirical fulfilment of the Purchasing Power Parity (PPP) theory for the Australian dollar. In order to do so we have applied recently developed unit root...
Unemployment and common smooth transition trends in Central and Eastern European Countries
Juan Carlos Cuestas, Javier Ordóñez
In the present paper we analyse the existence of common nonlinear trends in several of Central and Eastern European Countries in order to gain some insight about the degree of labour market...
In this paper we aim to analyse the dynamics of unemployment in a group of Central and Eastern European Countries (CEECs). The CEECs are of special importance for the future of the European Union,...