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Two conversion schemes are usually employed for assessing personal-income inequality from household equivalent incomes: to weight household units by size or by needs.Using data from the Luxembourg Income Study, we show the sensitivity of country inequality rankings to conversion schemes and...
Persistent link: https://www.econbiz.de/10010285741
This paper explores the stability of the relation between money demand for M3 and inflation in the euro area by …
Persistent link: https://www.econbiz.de/10010286288
estimates of the productivity premium of German firms exporting to the Euro-zone and beyond, controlling for unobserved time … invariant firm specific effects, and tests for self-selection of more productive firms into exporting beyond the Euro-zone. (3 … Euro-zone only is no longer much smaller that the premium of firms that export beyond the Euro-zone, too, and the premium …
Persistent link: https://www.econbiz.de/10010286590
We present a harmonized data set on intangible investment for a number of EU countries and an analysis of growth.
Persistent link: https://www.econbiz.de/10010287704
of Euro-area banks to the global financial crisis. We focus on their interest-rate setting behavior in response to …
Persistent link: https://www.econbiz.de/10010288717
This paper estimates the causal effect of being born to a teenage mother on children's outcomes, exploiting compulsory schooling changes as the source of exogenous variation. We impose external estimates of the direct effect of maternal education on child outcomes within a plausible exogeneity...
Persistent link: https://www.econbiz.de/10010289950
(OCA) criteria. Using the DF-GLS and the CIPS* panel unit root test, RIP is tested for a sample of Euro area and non-Euro … most of the sample between 1979 M3 and 1998 M12. There is evidence in favour of RIP for most of the Euro area sample during … the 1999 M1 - 2005 M12 sub-period, exceptions being Ireland, Italy and Spain. RIP does not hold for any of the non-Euro …
Persistent link: https://www.econbiz.de/10010290576
Differences in regulations, technical standards and national medical cultures across EU member states created a highly segmented pharmaceutical market in Europe prior to the implementation of the Single Market Programme. The subsequent reduction in non-tariff barriers to trade would be expected...
Persistent link: https://www.econbiz.de/10010290578
This paper studies the relationship between trade credit and innovation. While trade credit is well researched in the finance literature, its link to innovation has been neglected in prior research. We argue that innovative small and medium-sized enterprises (SMEs) are more likely to use trade...
Persistent link: https://www.econbiz.de/10010291119
and employment protection tend to inflate the real exchange rate. We then carry out an econometric estimation for European …-rate variations within the European Union and especially within the Euro area, through theirs impacts on the relative price of …
Persistent link: https://www.econbiz.de/10010291493