Browsing Τμήμα Οικονομικών / Department of Economics by Author "Kalyvitis, Sarantis"
Now showing items 1-4 of 4
-
Article
Cointegration and joint efficiency of international commodity markets
Hassapis, Christis; Kalyvitis, Sarantis; Pittis, Nikitas (1999)This paper investigates the semi-strong efficiency hypothesis in the international commodity markets of four industrialized countries, using vector autoregression (VAR) and cointegration techniques. Efficiency in these ...
-
Article
Investigating the links between growth and real stock price changes with empirical evidence from the G-7 economies
Hassapis, Christis; Kalyvitis, Sarantis (2002)This paper investigates the link between real stock price changes and economic growth. We develop a simple growth model, which presents the relationship between real stock prices and output. Evidence from the G-7 economies ...
-
Article
Long-run PPP under the presence of near-to-unit roots: The case of the British Pound-US dollar rate
Pittis, Nikitas; Christou, Christina; Kalyvitis, Sarantis; Hassapis, Christis (2009)Empirical tests typically provide evidence that the British pound-US dollar exchange rate and the relative wholesale price index contain exact unit roots and exhibit cointegration. However, the cointegrating vector is ...
-
Article
On the propagation of the fluctuations of stock returns on growth: Is the global effect important?
Hassapis, Christis; Kalyvitis, Sarantis (2002)Increasing capitalization in developed economies has attracted the attention of policy-makers and economists with respect to the effects of unanticipated changes in stock returns on growth. This paper attempts to examine ...