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Sectoral R&D Intensity and Exchange Rate Volatility: A Panel Study for OECD Countries
Mahagaonkar, Prashanth; Schweickert, Rainer; Chavali, … - Institut für Weltwirtschaft (IfW) - 2009
A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper … years 1987 - 2003. We find that the direct negative effect of volatility is pronounced in manufacturing sector but is … dominated by the indirect effect via the export channel. Services do not face any effects of volatility on R&D intensities …
Persistent link: https://www.econbiz.de/10005079107
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On the (de)stabilizing effects of news shocks
Winkler, Roland; Wohltmann, Hans-Werner - Institut für Weltwirtschaft (IfW) - 2009
This paper analyzes the impacts of news shocks on macroeconomic volatility. Whereas anticipation amplifies volatility …) to provide numerical evidence that news shocks increase the volatility of key macroeconomic variables in the euro area …
Persistent link: https://www.econbiz.de/10005017501
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Business Cycle Volatility in Germany
Buch, Claudia M.; Doepke, Joerg; Pierdzioch, Christian - Institut für Weltwirtschaft (IfW) - 2002
Stylized facts suggest that output volatility in OECD countries has declined in recent years. However, the causes and … structural breaks in the dynamics and the volatility of the real output process in Germany can be detected. We report evidence … that output volatility has declined in Germany. Yet, this decline in output volatility is not as clear-cut as it is in the …
Persistent link: https://www.econbiz.de/10005755211
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European Integration and the Case for Compensatory Regional Policy
Krieger-Boden, Christiane - Institut für Weltwirtschaft (IfW) - 2002
The ongoing process of European integration is likely to increase trade and factor mobility thereby increasing interregional competition and affecting the interregional division of labor. From a theoretical standpoint, rising specialization and polarization of European regions may result from...
Persistent link: https://www.econbiz.de/10005566199
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A New Global Index of Infrastructure: Construction, Rankings and Applications
Donaubauer, Julian; Meyer, Birgit; Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 2014
We construct comprehensive and comparable indices on the most relevant components of economic infrastructure. An unobserved components model is employed to cover the largest possible number of developing and developed countries over the period 1990-2010. We map major findings from the new...
Persistent link: https://www.econbiz.de/10010886848
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Measuring Real Value and Inflation
Hillinger, Claude - Institut für Weltwirtschaft (IfW) - 2008
The most important economic measures are monetary. They have many different names, are derived in different theories and employ different formulas; yet, they all attempt to do basically the same thing : to separate a change in nominal value into a ?real part? due to the changes in quantities and...
Persistent link: https://www.econbiz.de/10005083401
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Closing the Gap between Absolute and Relative Measures of Localization, Concentration or Specialization
Bickenbach, Frank; Bode, Eckhardt; Krieger-Boden, Christiane - Institut für Weltwirtschaft (IfW) - 2010
This paper solves one of the puzzles in the analysis of regional and industrial distributions of economic activity, the discrepancy between absolute and relative measures. It shows that the difference between an absolute and a relative Theil index of localization can be expressed in terms of...
Persistent link: https://www.econbiz.de/10008693817
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Measuring changes in the value of the numeraire
Reis, Ricardo; Watson, Mark W. - Institut für Weltwirtschaft (IfW) - 2007
This paper estimates a common component in many price series that has an equiproportional effect on all prices. Changes in this component can be interpreted as changes in the value of the numeraire since, by definition, they leave all relative prices unchanged. The first aim of the paper is to...
Persistent link: https://www.econbiz.de/10005755197
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Disproportionality Measures of Concentration, Specialization, and Polarization
Bickenbach, Frank; Bode, Eckhardt - Institut für Weltwirtschaft (IfW) - 2006
The paper extends the methodological toolbox of measures of industrial concentration and regional specialization. First, a taxonomy is proposed which gives rise to a modular construction system for disproportionality measures based on three characteristic features: the projection function, the...
Persistent link: https://www.econbiz.de/10005818782
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Regional Inequality of Higher Education in China and the Role of Unequal Economic Development
Bickenbach, Frank; LIU, Wan-Hsin - Institut für Weltwirtschaft (IfW) - 2011
Over the past decade the scale of higher education in China has expanded substantially. Regional development policies attempted to make use of the scale expansion as a tool to reduce the inequality of higher education among different regions with different development levels through providing...
Persistent link: https://www.econbiz.de/10008922944