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The fiscal responsiveness to economic fluctuations
(University of Missouri--Columbia, 2009)
In this paper I investigate the pattern of the fiscal responsiveness with economic development and the determinants of the fiscal responsiveness for 79 central governments during 1972 ~ 2007. For the analysis, I estimate ...
FDI and economic growth : the role of stock market liberalization and trade liberalization
(University of Missouri--Columbia, 2008)
to growth, is the same as that of FDI in Closed Group. In addition, the interaction term between FDI and the stock market liberalization date dummy also does not have any significant relationship with economic growth. The effect of both M&A FDI...
Three essays on bayesian analysis of nonlinear DSGE models
(University of Missouri--Columbia, 2019)
The 2008 financial crisis has highlighted the importance of nonlinear features of our economy including risks, uncertainty shocks, rare disasters, structural changes, zero-lower bound, and occasionally binding constraints. ...