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Markov or not Markov - this should be a question

Bickenbach, Frank; Bode, Eckhardt - 2001

Although it is well known that Markov process theory, frequently applied in the literature on income convergence, imposes some very restrictive assumptions upon the data generating process, these assumptions have generally been taken for granted so far. The present paper proposes, resp. recalls...

Persistent link: https://www.econbiz.de/10010265521

Investigating the impact of an appreciation of the euro in a small macroeconometric model of Germany and the euro area

Meier, Carsten-Patrick - 2004

analyzed in combination with the situation in the rest of the euro area. To take this into account, a small macroeconometric … model is constructed that models the euro area as consisting of two regions, Germany and the rest of the euro area. The rest … monetary policy or of exchange rate changes on economic activity in Germany and the euro area. …

Persistent link: https://www.econbiz.de/10010265489

Euroland's trade with the rest of the world: An SNA-based estimation

Strauß, Hubert - 1998

The paper presents an estimation of Euroland's foreign trade with the rest of the world based on the exports and … - using an error correction model. The estimation results are used to forecast Euroland's exports in 1998 and 1999. …

Persistent link: https://www.econbiz.de/10010275127

Konjunkturschwankungen in den asiatischen NICs und in ausgewählten Industrieländern: Synchronisation oder Divergenz?

Fels, Joachim - 1988

Die stärkste Dynamik in der Weltwirtschaft entfaltet derzeit die asiatisch-pazifische Region. Besonders kräftig wachsen dort die vier Schwellenländer Südkorea, Taiwan, Hongkong und Singapur, die im folgenden als asiatische NICs (für Newly Industrializing Countries) bezeichnet werden. Sie...

Persistent link: https://www.econbiz.de/10010275522

Estimating the shape of economic crises under heterogeneity

Dovern, Jonas; Jannsen, Nils - 2009

During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....

Persistent link: https://www.econbiz.de/10010265233

Surviving the crisis: Foreign multinationals vs domestic firms

Godart, Olivier; Görg, Holger; Hanley, Aoife - 2011

Starting from the observation that all firms in Ireland (foreign and domestic in manufacturing and services industries) were hit by the crisis, the paper asks whether there is a difference in the behaviour of foreign and domestic firms. One hypothesis is that foreign multinationals are less...

Persistent link: https://www.econbiz.de/10010285497

Driving Forces of Venture Capital Investments in Europe: A Dynamic Panel Data Analysis

Schertler, Andrea - 2003

Using dynamic panel estimations, this paper identifies driving forces of venture capital activity for Western European countries. Driving forces might be the liquidity of stock markets, human capital endowment, and labour market rigidities. The paper shows that these factors do not affect...

Persistent link: https://www.econbiz.de/10010260433

Trade effects of monetary integration in large, mature economies: a primer on the European Monetary Union

Vinhas de Souza, Lúcio - 2002

of the euro area. With a 1980-2001 sample, no consistent significant trade effects from the 1999 creation of EMU are …

Persistent link: https://www.econbiz.de/10010260434

The Cost of EU Trade Protection in Textiles and Clothing

Spinanger, Dean; Francois, Joseph F.; Glismann, Hans H. - 2000

This paper estimates the costs of EU restraints on trade in textiles and clothing. After explaining the methods used, we examine the impact of an opening up of EU trade in textiles and clothing, inter alia to those economies where the textile and clothing (T&C) industries command sizeable shares...

Persistent link: https://www.econbiz.de/10010260435

Capital and Trade Flows in Europe and the Impact of Enlargement

Piazolo, Daniel; Buch, Claudia M. - 2000

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade...

Persistent link: https://www.econbiz.de/10010260439