Pregled bibliografske jedinice broj: 75804
Cointegration analysis of the monthly time-series relationship between retail sales and average wages in Croatia
Cointegration analysis of the monthly time-series relationship between retail sales and average wages in Croatia, 2001., diplomski rad, University of Essex, Colchester
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Naslov
Cointegration analysis of the monthly time-series relationship between retail sales and average wages in Croatia
Autori
Cziraky, Dario
Vrsta, podvrsta i kategorija rada
Ocjenski radovi, diplomski rad
Fakultet
University of Essex
Mjesto
Colchester
Datum
25.08
Godina
2001
Stranica
40
Mentor
Price, Simon; Scarbrough, Elinor; Wiggins, Dick
Ključne riječi
Retail sales; Wages; Cointegration; Equilibrium correction models; General-to-specific modelling
Sažetak
A dynamic econometric model of Croatian monthly retail sales and wages is estimated through testing sequential model reduction validity. Such an approach aims at developing well-performing and interpretable dynamic relationships as data-description models. In addition to the model in levels a more economically interpretable error correction model was estimated enabling direct evaluation of the short-run impact of wage change to retail change as well as the periodic adjustment to the long-run equilibrium. It was established that, both in the short-run and in the long-run, retail sales respond to wages thus forming a stable dynamic relationship.
Izvorni jezik
Engleski
Znanstvena područja
Politologija
