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Cointegration analysis in practice

Engle-Granger 2 step, and 1 step, estimation procedures Cointegration in Single Equations: Cointegration -   evidence of long-run or equilibrium relationships With cointegration the residuals from a regression are stationary. Tested informally and formally for cointegration                 Formal Tests include   (1) Cointegrating Regression Durbin Watson (CRDW) test   (2) Cointegrating Regression Dickey Fuller (CRDF) test     Summary of Lecture                 (1) Introduce Granger Representation Theorem.                                 - relates cointegration to Error Correction Models            ...

9th Annual International Conference on Management, 4-7 July 2011, Athens, Greece

GENERAL CONFERENCE INFORMATION Conference Venue: The conference venue will be announced at least one week before the conference. Click here for more information on the conference venue. Conference Hotel: An excellent luxury hotel. Those that register for the conference and book with the conference hotel, they will receive hotel details ĪŸĪĪ• (1) week prior to the conference via email only. If you do not book with the conference hotel, please book in downtown Athens, close to Syntagma Square. Click here for more information on the conference hotel. Registration Form: Please click here for the registration form. Conference Program: The exact program will be available very close to the conference dates. Click here for the Provisional Program (schedule), if available. Registered Presenters: A list of papers to be presented will be uploaded SIX (6) weeks before the conference. Notice that as we approach the conference dates more papers to be presented will be added to this l...

International Conference on Economics, Business Management and Marketing, June 28-30, 2011

The International Conference on Economics, Business Management and Marketing aims to bring together academic scientists, leading engineers, industry researchers and scholar students to exchange and share their experiences and research results about all aspects of Economics, Business Management and Marketing, and discuss the practical challenges encountered and the solutions adopted. PAPER SUBMISSION All full paper submissions will be peer reviewed and evaluated based on originality, technical and/or research content/depth, correctness, relevance to conference, contributions, and readability. The full paper submissions will be chosen based on technical merit, interest, applicability, and how well they fit a coherent and balanced technical program. The accepted full papers will be published in the refereed conference proceedings. Prospective authors are kindly invited to submit full text papers including results, tables, figures and references. Full text papers (.doc, .rft, .ps, .pd...

The Global Management Consulting Sector - a Commentary

Management practice is as old as civilization itself, management theory and management consultancy is of more recent vintage. They had been started in the end of nineteenth century. The first pure consultancy was that of Arthur Little in the United States , who started out in 1886 with a focus of technology and engineering economics. Many factors are underlying in the expansion of this service sector. Some authors say it was due to the Taylor ’s “scientific management”. David (2001) suggests four forces i.e., increasing number and complexity of companies; the spread of corporate ideology to noncorporate sectors; the organization for the World War II effort; and the growth impact of business education and the business press. Mckenna (2006) argues that this expansion is due to the amalgam of three professions (engineering, law, and accounting). Management consultancy has been embraced in the United States , but now EU and Asia Pacific are also emerging as management consultants. Indi...

The Biosphere Rules - a commentary

This article presents the natural rules to the companies which can be used to save the environment from any kind of pollution caused by the toxic materials. No doubt, a   good management should have something more than the efficiency, effectiveness and the identification emulation of best practices (Moir, 2001). It should also consider the social policy and emerging global realities along with efficacy and sustainability of commercial enterprise (MIT Sloan). Environmental sustainability is a universal issue and global organizations must have to consider it in their strategies. There have long been conflicting expectations of the nature of companies’ responsibilities to society. No doubt that companies can learn from nature in manufacturing and recycling.  References:   Moir, L. (2001), “What do we mean by corporate social responsibility”, Corporate Governance, Vol. 1 Issue. 2, p. 16-22, ISSN: 1472-0701   “Systems, Sustainability and Society”, MIT Sloan Management...

Scholarships in China

Zhejiang University has announced its 30 PhD and master scholarships. Basic Information and Duration of the Scholarships:   Coverage of the scholarship: - Tuition and fees for registration, laboratory experiments, internship, basic learning materials, and intramural accommodation; - Living allowance: CNY 2,000 per month for doctoral students; CNY 1,700 per month for master's degree students; - Fees for outpatient medical services and Comprehensive Medical Insurance and Benefit Plan for International Students in China; - A one-off settlement subsidy for new students after registration: CNY 1,500 per person. Note: For more detailed information, please visit the website of China Scholarship Council: http://www.csc.edu.cn  Categories of Applicants and Duration of the Scholarship Master's Degree Students: 2-3 academic years Doctor's Degree Students: 3-4 academic years Note: In principle, courses will be taught in Chinese. Scholarship students without sufficient Ch...

List of Open Access Journals - Economics

African Population Studies AmĆ©rica Latina en la Historia Económica Amfiteatru Economic AnĆ”lise AnĆ”lisis Económico Annales Universitatis Apulensis : Series Oeconomica Annals of Dunărea de Jos University. Fascicle I : Economics and Applied Informatics   Annals of the University of Oradea : Economic Science   Annals of the University of Petrosani : Economics   Asian Development Review : Studies of Asian and Pacific Economic Issues AUCO Czech Economic Review   Australian Review of Public Affairs BILTOKI BRAND : Broad Research in Accounting, Negotiation, and Distribution   Business and Economic History On-Line Business and Economic Horizons   CESifo Forum Ciencia y Sociedad   Circunstancia   CIRIEC - EspaƱa : Revista de EconomĆ­a PĆŗblica, Social y Cooperativa Consilience : The Journal of Sustainable Development Cuadernos de Ciencias Económicas y Empresariales Cuadernos de EconomĆ­a Cua...