Showing 1 - 10 of 560
This paper explores to what extent the magnitude and speed of the contagion effects that materialized in East Asia in the second half of 1997 may have had "real" underpinnings, in the sense that the pattern of production, consumption and trade increased the vulnerability of East Asian countries...
Persistent link: https://www.econbiz.de/10005661909
This paper considers fiscal policy coordination in a European Economic and Monetary Union (EMU). We use an overlapping generations model which leads to departures from Barro-Ricardian neutrality. In our calibrated model, however, we find these departures to be rather small. Two models are...
Persistent link: https://www.econbiz.de/10005662412
Both Russia and the EU are undertaking significant changes in foreign trade relations. Russia seeks WTO accession and … relationship can EU and Russia develop? The Paper analyses the asymmetric trade structure, the unstable and confused trade relation …, as well as both form and content of EU’s and Russia’s options for the future. Conclusions are e.g. that (i) present EU …
Persistent link: https://www.econbiz.de/10005667019
Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … reforming Russia than in ‘gradualist’ Ukraine, as did the estimated effects of privatization and competitive pressures from … Russia displayed job flow behaviour quite different from market economies, with very low rates of job reallocation that bear …
Persistent link: https://www.econbiz.de/10005123720
Long-run trends in Africa’s well-being are provided on the basis of a new index of human development, alternative to the UNDP’s HDI. A sustained improvement in African human development is found that falls, nonetheless, short of those experienced in other developing regions. Within Africa,...
Persistent link: https://www.econbiz.de/10009322973
Building on the Stiglitz report, a growing literature suggests to explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective perceptions. To explore the additional information of these indicators, we analyze...
Persistent link: https://www.econbiz.de/10008854482
This Paper provides a snapshot of the stock of immigrants in Germany using the 1995 wave of the Mikrozensus, with a particular emphasis on distinguishing first- and second-generation migrants. On the basis of this portrait, we draw attention to the empirically most relevant groups of immigrants...
Persistent link: https://www.econbiz.de/10005791522
If redistribution is distortionary, and if the income of skilled workers is due to knowledge-intensive activities and depends positively on intellectual property, a social planner which cares about income distribution may in principle want to use a reduction in Intellectual Property Rights...
Persistent link: https://www.econbiz.de/10005791837
Lack of access to finance is often cited as a key reason for why poor people remain poor. This Paper uses data on the Indian rural branch expansion programme to provide empirical evidence on this issue. Between 1977 and 1990, the Indian central bank mandated that a commercial bank could open a...
Persistent link: https://www.econbiz.de/10005792249
A basic tenet of economic science is that productivity growth is the source of growth in real income per capita. But our results raise doubts by creating a direct link between macro productivity growth and the micro evolution of the income distribution. We show that over the entire period...
Persistent link: https://www.econbiz.de/10005123760