{"id":2996,"date":"2019-01-07T12:58:21","date_gmt":"2019-01-07T06:58:21","guid":{"rendered":"https:\/\/www.isrt.ac.bd\/?post_type=tribe_events&p=2996"},"modified":"2019-01-10T19:48:06","modified_gmt":"2019-01-10T13:48:06","slug":"seminar-on-15-january-tuesday-at-2-pm","status":"publish","type":"tribe_events","link":"https:\/\/isrt.ac.bd\/event\/seminar-on-15-january-tuesday-at-2-pm\/","title":{"rendered":"Seminar on 15 January Tuesday at 2 pm"},"content":{"rendered":"

Title:<\/strong>\u00a0Long-run relationship between the unemployment rate and the trade balance in the United States: an empirical analysis<\/p>\n

Speaker<\/strong>:\u00a0Haydory Akbar Ahmed<\/p>\n

Missouri State Deltin 7 Aviator গেম টাকা ইনকাম<\/p>\n

Department of Economics, 901 S National Avenue<\/p>\n

Springfield, MO 65897, USA<\/p>\n

 <\/p>\n

Abstract<\/strong>:<\/p>\n

Dynamics between the unemployment rate and the trade balance has both economic and political relevance.
\nFrom a macroeconomic perspective, the presence of a long run co-movement or equilibrium relationship
\nalong with the nature of the short-run fluctuations in the long run co-movement will help us analyze the
\ndynamics between the two in an objective manner. We use quarterly data from 1947: Q1 to 2017: Q4 on
\nunemployment and trade balance to GDP ratio in the United States. Although traditional cointegration
\ntests fail to detect a statistically significant long run co-movement, a couple of threshold cointegration tests
\nconfirm statistical evidence in favor of threshold cointegration or threshold long run co-movement between
\nthe two. Estimated threshold vector error-correction model shows statistically significant evidence of falling
\nunemployment rate with deteriorating trade balance. This finding indicates that as unemployment rates go
\ndown, the trade balance deteriorates to maintain the long run co-movement. Arguably, as unemployment
\ndecline imports rise faster than exports causing the trade balance to deteriorate.<\/p>\n","protected":false},"excerpt":{"rendered":"

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