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Productivity and the Euro-Dollar Exchange Rate Puzzle

Alquist, Ron - 2002

This paper documents the evidence for a productivity based model of the dollar/euro real exchange rate over the 1985 … the Johansen (1988) and Stock-Watson (1993) procedures. We find that each percentage point in the US-Euro area … estimation methodology, the variables included in the regression, and the sample period. We conjecture that productivity …

Persistent link: https://www.econbiz.de/10012469891

Incentives, Selection and Productivity in Labor Markets : Evidence from Rural Malawi

Guiteras, Raymond P. - 2014

An observed positive relationship between compensation and productivity cannot distinguish between two channels: (1) an incentive effect and (2) worker selection. We use a simplified Becker-DeGroot-Marschak mechanism, which provides random variation in piece rates conditional on revealed...

Persistent link: https://www.econbiz.de/10012458839

Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and Inequality

Dabla-Norris, Era - 2015

We develop a micro-founded general equilibrium model with heterogeneous agents and three dimensions of financial inclusion: access (determined by a participation cost), depth (determined by a borrowing constraint), and intermediation efficiency (determined by a monitoring cost). We find that the...

Persistent link: https://www.econbiz.de/10012457845

Evaluating the Impact of Technology Development Funds in Emerging Economies : Evidence from Latin America

Hall, Bronwyn H. - 2008

Evaluations of government Technology Development Funds (TDF) in Argentina, Brazil, Chile and Panama are surveyed. All the evaluations were done at the recipient (firm) level using data from innovation surveys, industrial surveys, and administrative records of the granting units, together with...

Persistent link: https://www.econbiz.de/10012464811

Real Business Cycles in Emerging Countries?

García-Cicco, Javier - 2006

We use more than one century of Argentine and Mexican data to estimate the structural parameters of a small-open-economy real-business-cycle model driven by nonstationary productivity shocks. We find that the RBC model does a poor job at explaining business cycles in emerging countries. We then...

Persistent link: https://www.econbiz.de/10012466032

Lessons From the Debt-Deflation Theory of Sudden Stops

Mendoza, Enrique G. - 2006

This paper reports results for a class of dynamic, stochastic general equilibrium models with credit constraints that can account for some of the empirical regularities of the Sudden Stop phenomenon of recent emerging markets crises. In these models, credit constraints set in motion Irving...

Persistent link: https://www.econbiz.de/10012466705

Volatility, employment and the patterns of FDI in emerging markets

Aizenman, Joshua - 2002

The purpose of this paper is to explore the implications of the deepening presence of multinationals in emerging markets on the cost of macroeconomic volatility there. We find that macroeconomic volatility has a potentially large impact on employment and investment decisions of multinationals...

Persistent link: https://www.econbiz.de/10012469306

Lessons from the East Asian NICs : A Contrarian View

Young, Alwyn - 1993

The unusually rapid and prolonged growth of both output and exports in the Newly Industralizing Countries of East Asia has led many economists to believe that productivity growth in these economies, particularly in their manufacturing sectors, has been extraordinarily high. This view has, in...

Persistent link: https://www.econbiz.de/10012474463

The Impact of Trade Liberalization on Firm Productivity and Innovation

Shu, Pian - 2018

This chapter reviews the empirical economics literature on the impact of trade liberalization on firms' innovation-related outcomes. We define and examine four types of shocks to trade flows: import competition, export opportunities, access to imported intermediates, and foreign input...

Persistent link: https://www.econbiz.de/10012453005

Firm-Embedded Productivity and Cross-Country Income Differences

Alviarez, Vanessa I. - 2020

We measure the contribution of firm-embedded productivity to cross-country income differences. By firm-embedded productivity we refer to the components of productivity that differ across firms and that can be transferred internationally, such as blueprints, management practices, and intangible...

Persistent link: https://www.econbiz.de/10012482135