Autocorrelation

In this study, a TVP-VAR model with stochastic volatility is used. Initially, the TVP-VAR model was introduced by Primiceri (2005) and Nakajima (2011) to examine the changes in the transmission of monetary policy and the changes in the variances of the exogenous shocks. This study is the first to examine the changes in the transmission of remittances shocks on inflation, savings and TFP in Saudi Arabia over the period 1970-2012. Following Nakajima (2011), we set up the TVP-VAR model with…

CHAPTER 1 INTRODUCTION 1.1 Background of the Study Sialkot Sports industry is an entrepreneurship capital of Pakistan and its unique craftsmanship is a hallmark of this region. It has a fabulous contribution in the development of our economy because almost all the manufacturing if this industry is being exported. Our economists believe that this industry is a nucleus of cottage industry and it is a beautiful role model for rest of the country. Made in Sialkot, Brazuca…

Even before Claussen began pushing his architectural vision, others were busy designing the inner workings of the plant. Jan Knau, an engineer, was only 27 when he was asked to come up with a flexible assembly line for the factory. Knau, then just a junior associate, contacted BMW’s top 15 assembly engineers. He invited them to a two-day workshop at a BMW retreat near the Austrian Alps. After a series of marathon sessions that included discussions of every facet of the ideal assembly line, Knau…