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An open-economy Ramsey-Cass-Koopmans model in reduced form

Spiro, Daniel - 2021

-economy income convergence. Where RCK predicts partial income and consumption convergence between open economies Solow predicts full … convergence. This paper presents, by a small modification of the savings behavior in the Solow model, a framework that matches RCK … country size; that income growth will be a U-shaped function of initial income thus creating differentiated convergence; and …

Persistent link: https://www.econbiz.de/10012619417

Ideologically-charged terminology : austerity, fiscal consolidation, and sustainable governance

Gründler, Klaus; Potrafke, Niklas - 2019

Scholars have been active in investigating causes and consequences of austerity policies. We examine how economists use the term "austerity" in scientific studies and measure austerity in empirical analyses. The sample includes around 3,500 journal articles published in the top 400 journals...

Persistent link: https://www.econbiz.de/10011997341

Railways and the productivity gap in Italy : persistence and divergence after unification

Pontarollo, Nicola; Ricciuti, Roberto - 2015

The political unification of Italy in 1861 led to the establishment of a single market, by removing the trade barriers across the pre-existing states, with a single currency. Market integration was the economic outcome of this process. At the same time, the Kingdom of Italy started a large...

Persistent link: https://www.econbiz.de/10011295798

Contagious exporting and foreign ownership : evidence from firms in Shanghai using a Bayesian spatial bivariate probit model

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2018

Whether a firm is able to attract foreign capital and whether it may participate at the export market depends on whether the fixed costs associated with doing so are at least covered by the incremental operating profits. This paper provides evidence that success for some firms in attracting...

Persistent link: https://www.econbiz.de/10011822884

Sources of productivity spillovers : panel data evidence from China

Baltagi, Badi H.; Egger, Peter; Kesina, Michaela - 2014

This paper assesses sources of productivity spillovers in China's electric and electronic manufacturing industry using a rich panel data-set of 25,360 firms observed over the period 2004-2007. This industry is characterized by its important reliance on technology. In particular, the paper...

Persistent link: https://www.econbiz.de/10010356360

Bringing French public debt down : the options for fiscal consolidation

Égert, Balázs - 2012

France has a track record of persistent general government deficits, partly reflecting pro-cyclical fiscal policies in upswings. This has resulted in a quadrupling of its public debt-to-GDP ratio since the 1970s to above 80% of GDP. Reducing public debt is crucial because a high level of public...

Persistent link: https://www.econbiz.de/10009621744

Market access and firm performance : evidence based on GIS analysis of road network and manufacturing-plant-level data from India

Sharma, Somnath; Kant, Shashi; Mishra, Ranjeeta; … - 2022

This paper investigates whether better access to markets through an improved road network plays a role in improving the profitability of firms in India. We construct a district-level market access index using Indian road network shapefiles, district boundaries, and nightlight raster images and...

Persistent link: https://www.econbiz.de/10013479557

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2003

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...

Persistent link: https://www.econbiz.de/10011509539

How efficient is the East German economy? : an exploration with micro data

Funke, Michael; Rahn, Jörg - 2000

The purpose of this paper is to evaluate the efficiency of the East German economy at the firm level using an unbalanced panel over the transition period 1994 to 1998. We adopt a translog stochastic frontier model to estimate technical efficiency in eastern and western Germany. The results...

Persistent link: https://www.econbiz.de/10009780206

Structural reforms and the enlargement of monetary union

Hefeker, Carsten - 2000

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural refoms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

Persistent link: https://www.econbiz.de/10009781545