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Japan, South Korea, and Taiwan have similar economic backgrounds, as they have undergone the aftermath of destruction and restructuring from the World Wars, and they are all situated in important locations in the East Asia region. Since there have been abundant research studies about competition in economic growth, international trade, and technology advances, however, there competition might also be competition between these countries in the fishery industry. Resulted of Western and the Central Pacific Ocean (WCPO) has been one of the most valuable fishery areas in the world, we use the tuna capture data from the Western and Central Pacific Fisheries Commission (WCPFC) and utilize a cointegration test and error correction model in a time series analysis to analyze the competitive relationship in the three countries. In our study, we found that if the Japanese captures increase, the Taiwanese captures also increase and the same cases occur in the contrasting cases. But the relationships with South Korea and Japan or with South Korea and Taiwan are negative. It represents that the capture in the three countries impact each other. We also try to find the reasons for impact and long-run and short-run competitive relationships.

Abstract Education investment is recognized as a main factor of the economic growth at all times. The paper estimates the contribution concerning Taiwan¡¦s public education investment to economic growth, based on Lucas¡¦s endogenous economic growth theory and Johansen¡¦s statistic analysis of cointegration vector. There are 37 annual data from 1964 to 2000, measuring the price index in 1996 base year. The conclusion shows having a set of cointegration vector and long run positive equilibrium relation between education investment and economic growth. The mentioned contribution reaches up to 38¢Mhigh. Therefore, education is the most important investment for countries, also being the best choice on individual investment.

The paper describes an attempt to gain insight into the relationship between cash and futures markets for US lean hogs and EU live pigs, and the opportunity of arbitrage hedging. In doing so, the authors use newer methods of threshold cointegration analysis for time series from 1999 until 2008. Besides the existence of a long-run equilibrium, asymmetric price adjustments can be demonstrated. This is especially the case for the EU live pigs, where price variations of the basis are higher and exhibit lower standard deviation. The results also perfectly show that cash prices follow the futures market more than the other way round. Furthermore, a grid search has revealed that the residual-based threshold in either market is near zero and therefore coherent with economic interpretation. Thus, at least theoretically, arbitrageurs in those markets are able to exploit the price differences between the two markets and reap no-risk monetary benefit. Hence, the results are in line with the statement that "speculating the basis" generates a better return. (authors' abstract)

The purpose of this paper is to analyse external economic stability of the Czech Republic. The external economic stability is defined and basic theory related to especially intertemporal approach to external balances is reviewed. Special consideration is given to the transition character of the economy. The descriptive as well as econometric analysis (VAR and cointegration models) find that the Czech Republic is not dangerously imbalanced. A potential threat is found to be reresented by government budget deficits due to the problem of twin deficits.

The purpose of this paper is to analyse external economic stability of the Czech Republic. The external economic stability is defined and basic theory related to especially intertemporal approach to external balances is reviewed. Special consideration is given to the transition character of the economy. The descriptive as well as econometric analysis (VAR and cointegration models) find that the Czech Republic is not dangerously imbalanced. A potential threat is found to be reresented by government budget deficits due to the problem of twin deficits.

This study investigates the validity of the real exchange rate-real interest rate differential (RERI) relationship for a sample of twenty-three developing and developed countries. The results based on the Johansen cointegration analysis suggest the validity of the long-run RERI relationship only for a small number of countries including Canada, Italy, Switzerland, Belgium, Chile, Israel and Norway. Real interest rate differentials are found to be positively associated with real exchange rates in the long-run for every country except Israel. The results of the weak exogeneity tests suggest that real exchange rates are the adjusting variables for Italy, Switzerland, Belgium and Israel. Consistent with an endogenous response of domestic interest rates to a real exchange rate shock policy rule, real interest rate differentials are found to be endogenous for the parameters of the cointegration vector for Canada, Chile and Norway.

This diploma thesis deals with the analysis of the birth rate and fertility rate in dependence on the economic conditions of the Czech Republic. The aim of this thesis is to analyze relations between selected socio-economic indicators and total fertility rate on the basis of available data and to evaluate changes related to birth and fertility in the Czech Republic, which occurred in the period 1993-2015. The thesis is divided into two main parts - theoretical and analytical. In the theoretical part are described the basic methods of calculating the characteristics for the analysis of the level of birthrate and fertility, as well as the development of selected socio-economic indicators. An important part of the first part of the diploma thesis is specification of used methods within time series. The second part is practically focused on cointegration analysis and subsequent assembly of single-row models from which error correction models were obtained by transformation. These can be used to describe short and long term relationships between time series. Explained variables are aggregate fertility in all assembled models, the explanatory variables are GDP, average gross monthly wage, final consumption expenditure for households, child allowances, parental allowance and household loans per capita.

This work focuses on import and export of goods of the Czech Republic. The Czech Republic is very open country in European Union. Ratio of import and export of goods and services to GDP is above European Union average. The goal is to find explaining variables, which has an influence on import and export of goods and to create robust and economically interpretable models. Models are created by cointegration analysis. The advantage of cointegration analysis and error correction models is avoiding spurious regression and differentiation of short-term and long-term relations. There will be used two attitudes for creation of models: with help of ADL models and Johansen method, which serve to comparison of results. There is a space for test of influence of exchange rate shocks on import and export of goods in the end.

<p>This study investigates cattle futures response to the equities crash in March of 2020 and the subsequent COVID-19 linked production delays at beef packing plants. I observe that the initial declines in cattle futures began prior to the onset of beef packing plant shutdowns. Fitting a Vector Error Correction Model on live cattle futures, feeder cattle futures, and corn futures to the E-Mini S&P 500 futures contract finds evidencethat the S&P 500 had a significant impact on cattle prices during  March  of  2020.  These  results  are  an  example  of  increased  cross-asset  correlation  during periods of financial distress.</p>