In order to study the problems of long-term and short-term interactional mechanism between scale evolution of higher education and economic growth in China, authors in this article are going to put forward the method of cointegration. Through selection of enrollment and actual GDP data per capita in China from 1972 to 2007, it is discovered from the empirical result that: (1) the log sequences ...

During the inflationary phase of the early universe, quantum fluctuations in the vacuum generate particles as they stretch beyond the Hubble length. These fluctuations are thought to result in the density fluctuations and gravitational radiation that we can try to observe today. It is possible to calculate the quantum-mechanical evolution of these fluctuations during inflation and the subsequen...

Based on Markov switching model with a bounce-back effect, this paper analyzes the data of the economic growth in China. The findings suggest that Markov switching model with a rebound effect fits the macroeconomic growth data in our country better. What’s more, we can also see that the economic fluctuation in our country not only is characterized by its obvious nonlinearity and asymmetry but h...

Identifying the Common Component of International Economic Fluctuations: A New Approach In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows for a unified ...

Crude oil is one of the most necessitated worldwide required commodities. Any slight fluctuation in crude oil prices can have both direct and indirect influence on the economy of the countries. The unpredictability of crude oil prices forced many companies away from the competition and it influence the stock market and many other macroeconomic variables (inflation, GDP, Import bill etc). Crude ...

In this study, a model of Bayesian Dynamic Stochastic General Equilibrium (DSGE) from Real Business Cycles (RBC) approach with the aim of identifying the factors shaping price bubbles of Tehran Stock Exchange (TSE) was specified. The above-mentioned model was conducted in two scenarios. In the first scenario, the baseline model with sentiment shock was examined. In this model, stock price bubbl...

oil sector is the most effective sector in these countries. oil is the most important product that world industries use as the cheapest energy. the price of oil depends on the world’s supply and demand and many economic, political and geographical variables. this is the reason why the price of oil has fluctuations. the fluctuations in oil price lead to fluctuate in the oil revenues of the membe...

For some 5-year-olds, delayed kindergarten enrollment may result in long-term academic benefits. Although waiting an additional year allows for further development prior to the start of formal education, the economic costs of the next best alternatives can be significant. This study examines the impact of short-term economic fluctuations on a household’s kindergarten enrollment decision. I find...

The importance of consumer confidence in stimulating economic activity is a disputed issue in macroeconomics. Do changes in confidence represent autonomous fluctuations in optimism, independent of information on economic fundamentals, or are they a reflection of economic news? I study this question by using high-frequency microdata on spending and consumer confidence, and I find that consumer c...