In this paper we first propose a proxy for the maturity of a country’s export bundle based on product life cycle theory …. Employing a conditional latent class model, we then examine the effect of maturity of countries’ exports on their economic … faster when they specialize in less mature products in an advanced country regime. The effect of maturity turns insignificant …

average maturity of government debt. We analyse these relationships under two different institutional settings. In one case … given. We identify the main mechanisms through which inflation is affected by debt and debt maturity (a real balance effect … monetary and fiscal policy we find that the persistence and volatility of inflation depends on the sign, size and maturity …

This paper explores the relationship between inflation and the existence of a publicly-traded, long-maturity, nominal …

of services in GDP, employment and international transactions. However, large differences exist across transition … economies with respect to services intensity and services policy reforms. We find that reforms in policies towards financial and … infrastructure services, including telecommunications, power and transport, are highly correlated with inward FDI. Controlling for …

Advances in communication technology make it possible for workers in India to supply business services to head offices …. Service trade, however, like goods trade, is subject to strong distance effects, implying that the remote supply of services …

services rather than trends in industry. Britain’s productivity lead in services before World War II reflected external … under-development of services in an economy that was slow to move out of agriculture. As German agricultural employment … contracted sharply from the 1950s, catching-up occurred in services. This was aided by a sharp increase in human and physical …

services as they are for manufacturing. We use a longitudinal database for Dutch firms in the retail and hotel and catering … sectors to identify around 13,000 new-firm start-ups and 47,000 incumbents in the services and track them over subsequent … services. The results suggest that the most fundamental relationships between firm size, age, survival and growth are …

European Community (EC). Today, in every member state, services account for more production and employment than agriculture and … manufacturing combined. The growing role of services in domestic economies is the result of both demand and supply factors. On the … demand side, the major impetus has come from firms that have shifted from providing services they require `in-house' to …

We provide a novel set of stylized facts on firms engaging in international trade in services, using unique data on … firm-level exports and imports from the world's second largest services exporter, the United Kingdom (UK). We show that … only a fraction of UK firms engage in international trade in services, that trade participation varies widely across …

We use unique plant-level data to study the link between the local availability of services and the decision of … international sourcing of materials depends on a firm's productivity and the availability of local services. These predictions are … materials to sales. In addition, we find evidence that services grease the wheels of international commerce: A greater …