Econometrics Commons^™

Capital Stock Reading, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Capital stock reading: chain index readings — Shaikh, A., PhD. October 2006. Unpublished manuscript.
• OECD data series in K stock — Shaikh, A., PhD. October 20, 2006. Unpublished manuscript.
• Whelan, K. June 2000. A guide to the use of chain aggregated NIPA data. Finance and Economics Discussion Series No. 2000-35. Board of Governors of the Federal Reserve System, Division of Research and Statistics, Washington, DC.
• Marginal annotations and derivations on "a guide to the use of chain aggregated NIPA data" — Shaikh, A., PhD. No date given. Unpublished manuscript.
• Liu, Y., Hamalainen, N., & Wong, B.-S. 2003. …

Capacity Utilization Paper, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2006, January). Capacity utilization paper [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Reference list for a paper on capacity utilization [Reference list]. Unpublished manuscript.

• Morin, N., & Stevens, J. (2004, August). Estimating capacity utilization from survey data (Finance and Economics Discussion Series) [Working paper]. Board of Governors of the Federal Reserve System.

• U.S. Census Bureau. (2005, November). Instructions for the survey of plant capacity utilization during the fourth quarter 2005 [Instructional document]. U.S. Department of Commerce.

• Shaikh, A. (n.d.). R and r and capacity utilization rates for various countries [Printed …

Cointegration Capacity Utilization Paper Transparencies, Anwar Shaikh Phd

Archives of Anwar Shaikh

Shaikh, A. M., & Moudud, J. K. (2004, October 7). Measuring capacity utilization in OECD countries: A cointegration method [Draft manuscript]. Unpublished manuscript.

• Shaikh, A. (2006, January 22). Appendix I: Procedure using OLS to derive the long-run relation between output and the capital stock [Appendix]. Unpublished manuscript.

• Shaikh, A. (n.d.). Dummy variables and stability tests by country [Printed list]. Unpublished manuscript.

• Shaikh, A. (2005, June 8). Our capacity utilization model [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2005, May 2). Logic of ARDL method [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2005, April). EViews estimations: Eqardl00, eqardl01, …

Aggregate Capital Stock Measures, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Aggregate capital stock measures [Folder cover with handwritten notes]. Unpublished manuscript.

• Wasshausen, D., & Shaikh, A. (2007, January 3). Response and numerical example [Email correspondence]. Unpublished manuscript.

• Shaikh, A. (2006, November 26). The measurement of capital [Draft manuscript with handwritten edits]. Unpublished manuscript.

• Shaikh, A. (2006, December 23–24). Kstock accum rules numerical example [Excel spreadsheet printouts]. Unpublished manuscript.

• Shaikh, A. (2006, December 23). Aggregate rules in my general numerical example [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2006, October 18). Numerical example of PIM bias [Handwritten notes]. Unpublished manuscript. …

Retirements Rate + Gross Stock, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Retirements rate and gross stock [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2006, August 1). The measurement of capital [Draft manuscript excerpt with handwritten annotations]. Unpublished manuscript.

• Shaikh, A. (2006, September 8). Price indices and capital measurement [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2006, August 30). The measurement of capital: Measuring capital in current prices [Draft manuscript]. Unpublished manuscript.

• Shaikh, A., & Powers, S. (2006, July). Capital discards article [Email correspondence]. Unpublished manuscript.

• Shaikh, A. (2006, October 23). The measurement of capital: Service lives and PIM capital stock estimates …

Loose Notes On Inflation, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2005, December 9). Classical and Keynesian theories of firm output [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. (2005, April 27). Inflation theory with classical growth [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. (2006, February 9). IFS annual banking stats US: Data documentation and definitions [Technical documentation]. Department of Economics, New School for Social Research.
• Shaikh, A. (2001, August 31). Inflation dynamics and the thruput ratio [Unpublished manuscript]. Department of Economics, New School for Social Research.
• Shaikh, A. (1996, March 5). Inflation, excess demand and new …

Capacity Utiliz + Hick Adj, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2005, April 14). Capacity utiliz and Hick adj [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2002, September). Aanotes (File: cointusgdpkstock1jamee.wf1) [Typed notes]. Unpublished manuscript.

Empirical Investment Functions, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1990, August). Empirical investment functions [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2005, June 12). ECM regression output for LNYJPN, 1969–2000 [Regression output]. Unpublished manuscript.

• Shaikh, A. (2005, June 12). ADL regression output for LNYJPN, 1969–2000 [Regression output]. Unpublished manuscript.

• Shaikh, A. (1990, August 15). Empirical fixed investment functions [Handwritten notes discussing expectation models and empirical results for U.S. manufacturing]. Unpublished manuscript.

• Shaikh, A. (1990, August 10). gk vs. u for manufacturing, 1926–1985 [Graph]. Unpublished manuscript.

• Shaikh, A. (1990, August 11). gk (scaled) vs. Ut for manufacturing [Graph]. Unpublished manuscript.

• Shaikh, A. (1990, August 7). Empirical …

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Constructing A Coincident Index Of Business Cycles Without Assuming A One-Factor Model, Roberto S. Mariano, Yasutomo Murasawa

Research Collection School Of Economics

The Stock-Watson coincident index and its subsequent extensions assume a static linear one-factor structure for the component indicators. Such assumption is restrictive in practice, however, with as few as four indicators. In fact, such assumption is unnecessary if one defines a coincident index as an estimate of latent monthly real GDP. This paper considers VAR and factor models for latent monthly real GDP and other coincident indicators, and estimates the models using the observable mixed-frequency series. For US data, Schwartz’s Bayesian information criterion selects a two-factor model. The smoothed estimate of latent monthly real GDP is the proposed index.

Capacity Utilization, Cointegratoin, Kalman Filter, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Tsaliki, P., & Tsoulfidis, L. (1999). Capacity utilization in Greek manufacturing. [Journal], volume, [page range]. [Publisher].

• Shaikh, A. (2002, August 11). Path of capacity under roughly steady growth and technical change [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2002, July 17). Capacity utilization, cointegration, and the Kalman filter [Unpublished manuscript].

• Godley, W., & Cripps, F. (1983). Macroeconomics. Fontana.

• Kurz, H. D. (1986). “Normal” positions and capital utilisation. Political Economy, volume, [page range]. [Publisher].

• Shaikh, A. (1983, September 28). Capacity utilization: Notes on Gordon C. Winston [Handwritten notes]. …

Granger-Causality Between Monetary Aggregates And Sectoral Production In Malaysia, Kay Choy Wan

Student Works (2000-2009)

The main purpose of this study is to empirically assess the distributional impact of financial variables using Malaysian quarterly data. The rationale for pursuing this objective is to identify the possible transmission channels of the financial variables with respect to the sectoral production and its underlying causal. The study employing the methodology of Azali and Habibullah (2000) in using the MWALD test for testing Granger non-causality (Toda Yamamoto, 199 5) was constructed using Seemingly Unrelated Regressions (SUR). The Augmented Dickey­Fuller (ADF) and Phillip-Perron (PP) unit root test procedures Johansen and Juselius (1990) cointegration test and the Toda and Yamamoto (1995) …

How Do Forecasts Respond To Changes In Monetary Policy?, Laurence Ball, Dean D. Croushore

Economics Faculty Publications

Just as changes in atmospheric conditions affect weather forecasts, changes in monetary policy affect economic forecasts. When monetary policy shifts, forecasters change their predictions about growth and inflation. But does the economy change to the same extent that forecasts do? In this article, Laurence Ball and Dean Croushore examine forecasts from the Survey of Professional Forecasters to determine if forecasts and the economy respond in tandem or if there are significant differences.

Nipa Accounts, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Shaikh, A., PhD. (2001, June 6). Structure of NIPA accounts [Handwritten notes].

• Shaikh, A., PhD. (n.d.). Programming in EViews [Handwritten notes].

Tutism Tutorial Eco 208s, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Tutsim commands and block syntax: Block syntax index and function group index [Guide]. (n.d.).

• Goodwin model file and graph [Computer printout]. (1986, October 3).

• Goodwin, R. M. (1967). A growth cycle. In C. H. Feinstein (Ed.), Socialism, capitalism and economic growth: Essays presented to Maurice Dobb (pp. 165–170). Cambridge University Press.

• Shaikh, A., PhD. (1986, October). Goodwin wage-employment cycle model [Handwritten notes].

• Hirsch, M. W., & Smale, S. (1974). Differential equations, dynamical systems, and linear algebra [Book excerpts]. Academic Press.

• Growth and cycles [Course outline and syllabus for Economics 208]. …

Ral And Labor Wage Curve, Misc. Papers, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Asymmetries in U.K. wage share and employment rate, 1855-1999 [Annotated research paper on Goodwin growth-cycle asymmetries]. (2001).
• Screpanti, E. (1998, December). Wages, employment and militancy: A simple model and some empirical tests [Working paper]. Quaderni del Dipartimento di Economia Politica, Universita degli Studi di Siena.

A Funny Thing Happened On The Way To The Data Bank: A Real-Time Data Set For Macroeconomists, Dean D. Croushore, Tom Stark

Economics Faculty Publications

Economic policies are set and forecasts are made based on data that policymakers and forecasters have available to them. But such data are often revised — at times significantly. As a result, when policies and forecasts are viewed from the perspective of today's data, they may not seem sensible. Recognizing this problem, the Research Department at the Philadelphia Fed created a real-time data set so that economists today have the same data that were available to policymakers and forecasters in the past. In this article, Dean Croushore and Tom Stark tell how the data set was constructed, show how large …

A Study On The Behaviour Of Selected Macroeconomic Indicators For Malaysia Prior To The Currency Crisis In 1997, Sena Herath Vijitha

Student Works (2000-2009)

This paper attempts to develop an early warning system to predict currency crises that will allow managers not to be caught off-guard when a currency crisis hits the country. It is hoped that with an effective early warning system, managers will have adequate time to construct appropriate marketing and business strategies to counter the negative impact of a currency crisis. This research project examines the macroeconomic data generated by Bank Negara and the Ministry of Finance to see if correlations exist between macroeconomic measures and devaluation prospects as cited in the literature and whether these can be used in the …

The Challenge Of Administration By Regulation: Preliminary Findings Regarding The U.S. Government's Venture Capital Funds, Jonathan G.S. Koppell

Publications from President Jonathan G.S. Koppell

This article assesses the ability of elected officials to control public policy as implemented by public/private hybrid organizations, specifically, government venture capital funds. The study reveals greater control over OPIC investment funds than Enterprise Funds despite the existence of more traditional administrative tools of control for Enterprise Funds. This finding suggests that the regulatory infrastructure for hybrid organizations is more determinative of control than the existence (or lack) of traditional administrative control tools. Thus the challenge of hybrid government centers on the development of regulation as a substitute for administration.

How Useful Are Forecasts Of Corporate Profits, Dean D. Croushore

Economics Faculty Publications

If forecasters predict higher earnings for corporations, the stock market will rise. Stock prices will drop with a forecast of lower earnings. But are such forecasts on the money? Dean Croushore uses data from the Survey of Professional Forecasters to check the accuracy of forecasts of corporate profits. The results show that, despite the volatility of corporate profits, the forecasts are rational.

Uelectric (Foss Cap Utiliz Index), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1987, March). Velectric (Foss cap utiliz index) [Folder cover with handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1987, February 23). U1mh, ue2: Further research [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1987, February). Uelec2, frbcu, new McGH cu: Alternate measures of cap utiliz (File: invest1.wk1; file: invest1.wk1; graph for invest1.wk1) [Graph]. Unpublished manuscript.

• Shaikh, A. (1987, February). Ratios u1mh/ue2 and u1mh/ufrb: Alternate measures of cap utiliz (File: invest1.wk1; ratiosu) [Graph]. Unpublished manuscript.

• Shaikh, A. (1987, March 1). U1mh vs. MH operating rate: Alternate measures of cap utiliz (File: invest1.wk1; mhurates) [Graph]. Unpublished …

Robert Gordon, The Measurement Of Durable Goods Prices, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Anwar Shaikh. Notes on the measurement of durable goods prices. Unpublished manuscript.
• Robert J. Gordon. 1990. The measurement of durable goods prices. University of Chicago Press.
• Reg Ward. 1992. Book review of The measurement of durable goods prices. The Economic Journal, Royal Economic Society.
• Jack E. Triplett. 1993. Book review of The measurement of durable goods prices. Journal of Economic Literature, American Economic Association.
• Robert J. Gordon. 1995. Measurement errors in the CPI: causes and consequences. Daily Labor Report, The Bureau of National Affairs, Inc.

Inflation Capacity Utilization, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes,

• Garner, C. A. (1994, Fourth Quarter). Capacity utilization and U.S. inflation. Economic Review (Federal Reserve Bank of Kansas City), 79(4), 5–21.

Introducing: The Survey Of Professional Forecasters, Dean D. Croushore

Economics Faculty Publications

Forecasts play a crucial role in the economy. Businesses won't hire workers as readily if they think the economy may go into a recession soon. Long-term interest rates will rise if people in the financial markets expect inflation to increase. And firms are less likely to borrow money for new investment spending today if they think interest rates will soon decline.

Forecasts are important for many decisions, but not many people have the knowledge and experience to forecast economic variables well. It makes sense, therefore, for people to rely on the forecasts of experts. One easy way to get these …

Long Wave Data, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (1993, June 16). Long wave data [Handwritten notes].

• Shaikh, A. (1987, February 26). Emotors.wk1: Calculation of electricity used in the running of electric motors [Document/worksheet printout].

• Downe, E. (1984, April 16). Vend capacity utilization index [Handwritten notes].

• Downe, E. (n.d.). Source material on vend (note to Anu) [Typed note].

• Shaikh, A. (1984, March 11). Capacity utilization data: Vend series [Handwritten notes].

• Shaikh, A. (n.d.). Consumption of electric energy and total electric power used for electric motors [Handwritten notes].

• Shaikh, A. (1987, February 23). Uelectrc.wk1: Revised electric motor utilization …

Crisis Data Updates, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1987, April 2). CAP2STAR: Optimizing CAP2 and new capacity utiliz. index (UMH) + optimizing technique [Handwritten and typed notes discussing McGraw-Hill data, capacity indices, and Federal Reserve measures]. Unpublished manuscript.

• Shaikh, A., PhD. (1986). CAP2STAR table [Computer printouts showing capacity indices and industrial production data from 1925 to 1985]. Unpublished manuscript.

• Shaikh, A., PhD. (1987, March 26). Optimizing CAP2 [Handwritten notes including equations for ΔCAP2 and UIMH]. Unpublished manuscript.

• Shaikh, A., PhD. (1987, April 2). CAP2 nonlinear L.S. estimator (Gauss) [Handwritten notes showing regression results]. Unpublished manuscript.

• Shaikh, A., PhD. (1987, March 28). Model …

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Long Waves Further Research And Revisions, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (1991, October). Long waves further research and revisions [Folder cover; unpublished manuscript].

• Malloy, M. (1993, June 16). Correction of Rodgers/BIE stocks used in long wave paper [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1990, November 7). Capital stock data in millions of constant dollars [Annotated computer printouts; unpublished manuscript].

• Shaikh, A., PhD. (1990, October 10). Capital in manufacturing [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (n.d.). Old and new gross stocks ratio for structure and equipment [Graphs; unpublished manuscript].

• Shaikh, A., PhD. (1989, January 12). ROP & capacity …

How Big Is Your Share Of Government Debt?, Dean D. Croushore

Economics Faculty Publications

In evaluating the government's financial position, taxpayers need to account not only for its debt, but also for its ownership of tangible assets. Each taxpayer has a share of the government's net worth that is positive; however, the share was larger 10 years ago. While the real net debt tripled, this huge rise in government indebtedness generated no similar gain in government assets. Taxpayers will be paying interest on this debt with little hope of higher future returns from government assets to help pay it off. It is recommended that the government adopt a capital-budgeting system. This system would change …

Umh, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Graphs comparing expanratio, investshare, replceratio, gigr, and umh1 [Graphs]. Unpublished manuscript.

• Kline, K. (n.d.). Source of the 1939 and 1946 capacity index from the McGraw-Hill survey (note to Professor Shaikh) [Handwritten note]. Unpublished manuscript.

• McGraw-Hill Publishing Company. (1948). Business’ needs for new plants and equipment [Questionnaire]. McGraw-Hill Publishing Company.

• McGraw-Hill. (1948). Capital expansion for 1948 and ’49 [Report]. McGraw-Hill.

• Shaikh, A. (1988, September 18). Correction to umh: Capacity index [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1987, October 22). McGraw Hill data on replacement invest [Handwritten notes]. Unpublished manuscript. …

Eco 208s Fall 1987 Growth + Cycle Models, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Shaikh, A., PhD. (2001, June 6). Structure of NIPA accounts [Handwritten notes].

• Shaikh, A., PhD. (n.d.). Programming in EViews [Handwritten notes].

• Shaikh, A., & Semmler, W. (1986, Spring). Selected topics in advanced political economy: Growth, cycles, and crisis [Course outline and reading list for ECO 208].

• Semmler, W. (1986). Competition, nonlinear cycles, and growth [Manuscript].

An Econometric Analysis Of The Determinants Of Investments By Insurance Companies In Nigeria, S. E. Omoruyi

Economic and Financial Review

The paper is divided into two parts. Part I discusses the concept of financial intermediation. Part II outlines the model of determinants of investments by the insurance industry and summarises the main findings and policy recommendations of the study.