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Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study
Ristuccia, Cristiano Andrea; Solomou, Solomos - CESifo - 2014
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
Persistent link: https://www.econbiz.de/10010748306
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How Efficient is the East German Economy? An Exploration With Micro Data
Funke, Michael; Rahn, Jörg - CESifo - 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/10005181620
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Identification of Segments of European Banks with a Latent Class Frontier Model
Barros, Carlos Pestana; Caporale, Guglielmo Maria; … - CESifo - 2007
This paper analyses technical efficiency of European banks over the period 1996-2003 with unbalanced panel data techniques. A latent class frontier model is used which allows the identification of different segments in the production frontier. We find that there are three statistically...
Persistent link: https://www.econbiz.de/10005405964
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An Empirical Analysis of Legal Insider Trading in the Netherlands
Degryse, Hans; Jong, Frank de; Lefebvre, Jérémie - CESifo - 2009
In this paper, we employ a registry of legal insider trading for Dutch listed firms to investigate the information content of trades by corporate insiders. Using a standard event-study methodology, we examine short-term stock price behavior around trades. We find that purchases are followed by...
Persistent link: https://www.econbiz.de/10005034632
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Tariff Liberalization and Trade Integration of Emerging Countries
Disdier, Anne-Célia; Fontagné, Lionel Gérard; … - CESifo - 2013
We investigate how tariff liberalization has affected exporting in emerging countries. We use a highly disaggregated bilateral measure of market access to compare tariffs applied in 1996 and 2006, which includes the timing of the Uruguay Round and episodes of bilateral liberalization. Our...
Persistent link: https://www.econbiz.de/10010877681
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Union Wage Setting and International Trade
Egger, Hartmut; Etzel, Daniel - CESifo - 2012
This paper sets up a general oligopolistic equilibrium model with two countries that differ in the centralization of union wage setting. Being interested in the consequences of openness, we show that, in the short-run, trade increases welfare and employment in both locations, and it raises...
Persistent link: https://www.econbiz.de/10010877792
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Free Trade Agreements and the Consolidation of Democracy
Liu, Xuepeng; Ornelas, Emanuel - CESifo - 2013
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10010877928
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Comparative Advantage and Skill-Specific Unemployment
Larch, Mario; Lechthaler, Wolfgang - CESifo - 2009
We introduce unemployment and endogenous selection of workers into different skill-classes in a trade model with two sectors and heterogeneous firms. This allows us to study the distributional consequences and the skill-specific unemployment effects of trade liberalization. We show that the...
Persistent link: https://www.econbiz.de/10005013939
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Global Gains from Trade Liberalization
Fan, Haichao; Lai, Edwin L.-C.; Qi, Han Steffan - CESifo - 2012
What has been the overall global welfare impact of the accession to the World Trade Organization of a large country like China, or the global welfare impact of the completion of the Uruguay round of GATT negotiations? Can we come up with a simple user-friendly formula to calculate the global...
Persistent link: https://www.econbiz.de/10010540252
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Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms
Bauer, Christian Josef; Davies, Ronald B.; Haufler, Andreas - CESifo - 2011
drives low-productivity firms from the small country’s home market, replacing them with high-productivity exporters from … abroad. This endogenous policy response creates a selection effect that increases the average productivity of home firms when …
Persistent link: https://www.econbiz.de/10009293490