Showing 1 - 10 of 76
. The ‘Great Divergence’ between Europe and Asia was already well underway before 1800. …Contrary to the claims of Pomeranz, Parthasarathi and other ‘world historians’, the prosperous parts of Asia between … 1500 and 1800 look similar to the stagnating southern, central and eastern parts of Europe rather than the developing …
Persistent link: https://www.econbiz.de/10005666692
innovation. In the early-modern period parliaments declined in influence in southern and central Europe and gained in importance …
Persistent link: https://www.econbiz.de/10008530357
On the basis of a large (new) dataset of cities in Europe, North Africa and the Middle East in the millennium between … from Iraq (or more generally the Arab world) to Western Europe and to the shores of the Atlantic (during the 17th and 18th …
Persistent link: https://www.econbiz.de/10005504754
Cultural factors and especially common languages are well-known determinants of trade. By contrast, the knowledge of foreign languages was not explored in the literature so far. We combine traditional gravity models with data on fluency in the main languages used in EU and candidate countries....
Persistent link: https://www.econbiz.de/10005791825
The significance of a common language in foreign trade hinges on translation as well as the ability to communicate directly. In fact, without admitting the facility of translation from one or two selected languages, it is impossible to explain adequately the impact of a common language on...
Persistent link: https://www.econbiz.de/10005123599
The 'big-bang' liberalization of the inefficient Russian economy in 1992 provides a fruitful setting for analysing the impact of several dimensions of market competition and other factors on enterprise efficiency. We analyse 1992-1998 panel data on 14,961 enterprises covering 75 percent of...
Persistent link: https://www.econbiz.de/10005661595
Following the Asian financial crisis in 1997-98, a number of Asian central banks adopted inflation targeting. We explore how successful this framework has been by looking at the persistence of inflation, as measured by the sum of the coefficients in an autoregressive model for inflation, using a...
Persistent link: https://www.econbiz.de/10008684680
This paper uses data from the Indonesian manufacturing census in order to uncover the determinants of firm exports over the period 1990-2005. We examine to what extent differences in firm export propensity and intensity are a consequence of firm-level (microeconomic), of place-based...
Persistent link: https://www.econbiz.de/10011084523
This paper argues that the recent Southeast Asian currency crises was caused by large prospective deficits associated with implicit bailout guarantees to failing banking systems. We articulate this view using a simple dynamic general equilibrium model whose key feature is that a speculative...
Persistent link: https://www.econbiz.de/10005124184
This Paper reviews the controversy over China’s exchange rate regime. Placing the issue in the context of the literature on exit strategies, it argues that now is the best time for China to exit from its peg. Moving to a managed float would be in the country’s own interest; it would help the...
Persistent link: https://www.econbiz.de/10005067647