کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7358458 1478652 2018 70 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Debt dynamics in Europe: A Network General Equilibrium GVAR approach
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات کنترل و بهینه سازی
پیش نمایش صفحه اول مقاله
Debt dynamics in Europe: A Network General Equilibrium GVAR approach
چکیده انگلیسی
In this work, we investigate the dynamic interdependencies among the EU12 economies using a competitive general equilibrium network system representation. Additionally, using Bayesian techniques, we estimate the autoregressive scheme that characterizes the equilibrium price system of the network, while characterizing each economy/node in the universe of our network in terms of its degree of pervasiveness. In this context, we unveil the dominant(s) unit(s) in our model and estimate the dynamic linkages between the economies/nodes. Lastly, in terms of robustness analysis, we compare the findings of the degree pervasiveness of each economy against other popular quantitative methods in the literature. According to our findings, the economy of Germany acts as weakly dominant entity in the EU12 economy. Meanwhile, all shocks die out in the short run, without any long lasting effect.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Dynamics and Control - Volume 93, August 2018, Pages 175-202
نویسندگان
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