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We examine the behavior of forecasts for real GDP growth using a large panel of individual forecasts from 30 advanced and emerging economies during 1989–2010. Our main findings are as follows. First, our evidence does not support the validity of the sticky information model (Mankiw and...
Persistent link: https://www.econbiz.de/10011242185
This paper studies the impact of exogenous and endogenous shocks (exogenous shock is used interchangeably with external shock; endogenous shock is used interchangeably with domestic shock) on output fluctuations in post-communist countries during the 2000s. The first part presents the analytical...
Persistent link: https://www.econbiz.de/10009352630
The purpose of this paper is to illustrate the entrepreneurial activities in which Croatian small and medium enterprises operate, as well as the obstacles and constraints that hinder a faster development of entrepreneurship, and to offer solutions to improve entrepreneurial activities in the...
Persistent link: https://www.econbiz.de/10010669657
We employ income projection models based on human capital dynamics in order to assess quantitatively the role that educational improvements are expected to play as a driver of future income convergence in Europe. We concentrate on income convergence dynamics between emerging economies in Central...
Persistent link: https://www.econbiz.de/10011040292
China, Brazil, Russia and India) in the world economy and, on the other side, we underscore the remodelling of the patterns … rapidly eased out of the recession in 2009, while China and India continued to record robust growth rates. Nevertheless, in …€™s economic slowdown negatively influences Brazil, Russia, India and South Africa, as China represents the largest trading partner …
Persistent link: https://www.econbiz.de/10011145129
We employ income projection models based on human capital dynamics in order to assess quantitatively the role that educational improvements are expected to play as a driver of future income convergence in Europe. We concentrate on income convergence dynamics between emerging economies in Central...
Persistent link: https://www.econbiz.de/10010556955
This paper examines the J-curve for the bilateral trade between Croatia, the Czech Republic, Hungary, Poland, Slovakia, or Slovenia and the USA. This paper finds that the J-curve is not empirically confirmed for any of these six countries. Instead, after a shock to real depreciation, the trade...
Persistent link: https://www.econbiz.de/10008563443
, middle and high-income countries with a special emphasis on Brazil, Russia, India and China – the BRIC economies. The study … agrifood products for the years 1990 to 2006. The results suggest that China, Russia and Brazil have more income elastic import …
Persistent link: https://www.econbiz.de/10004989015
This paper examines the J-curve for the bilateral trade between Croatia, the Czech Republic, Hungary, Poland, Slovakia, or Slovenia and the USA. This paper finds that the J-curve is not empirically confirmed for any of these six countries. Instead, after a shock to real depreciation, the trade...
Persistent link: https://www.econbiz.de/10005048826
, Beijing, China, August 16-22, 2009 …
Persistent link: https://www.econbiz.de/10010913449