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http://dspace.lib.uom.gr/handle/2159/13584
Author: | Μπιτουλάς, Αλέξανδρος |
Title: | Trade and inequality: evidence for nonlinear dependencies and feedback |
Date Issued: | Oct-2009 |
Department: | Διατμηματικό Πρόγραμμα Μεταπτυχιακών Σπουδών στην Οικονομική Επιστήμη |
Supervisor: | Κύρτσου, Κατερίνα |
Abstract: | In this thesis, our objective is to identify the nature of the dependence or causal relationships that exists between trade and income inequality. We use monthly data for a group of 14 developing countries and apply Johansen’s linear cointegration, linear Granger causality, B.D.S test for non-linear dependence and non-linear Mackey-Glass Granger-type causality. The contribution of this thesis lies -mainly- on the application of the Mackey-Glass Granger-type causality for identifying nonlinear dependencies between trade and inequality. We identify a curious bi-directional relationship where trade causes non-linearly inequality and inequality causes linearly trade. This means either that inequality does not converge into a steady state or equilibrium point, or that it converges with periodic or aperiodic short-term oscillations around it. This evidence has a very important implication, that it is rather impossible to control inequality between trading countries. |
Keywords: | Trade Inequality Non-linear Granger causality Mackey-Glass |
Information: | Διπλωματική εργασία--Πανεπιστήμιο Μακεδονίας, Θεσσαλονίκη 2009. |
Appears in Collections: | ΔΠΜΣ Οικονομική Επιστήμη (M) |
Files in This Item:
File | Description | Size | Format | |
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BitoulasMsc2009.pdf | 676.66 kB | Adobe PDF | View/Open |
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