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Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …
Persistent link: https://www.econbiz.de/10005013038
. Further, while during earlier parts of our sample both a slowdown in consumption and investment growth contribute to a … reduction of GDP growth, during later parts, only the investment reaction contributes to the GDP slowdown. A variance … to later parts of the sample, while the corresponding decomposition for investment growth reveals an increase in the role …
Persistent link: https://www.econbiz.de/10009371360
, and establishes empirically that geographical variations in the natural return to agricultural investment have had a … that pre-industrial agro-climatic characteristics that were conducive to higher return to agricultural investment …
Persistent link: https://www.econbiz.de/10011167137
In this paper we test the well-known hypothesis of Obstfeld and Rogoff (2000) that trade costs are the key to explaining the so-called Feldstein-Horioka puzzle. Using a gravity framework in an intertemporal context, we provide strong support for the hypothesis and we reconcile our results with...
Persistent link: https://www.econbiz.de/10005765966
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...
Persistent link: https://www.econbiz.de/10008833883
It is widely believed that globalization affects the extent of employment and wage responses to economic shocks. To provide evidence for this, we analyze the effect of firms’ exporting behavior on the elasticity of labor demand. Using rich, German administrative linked employer-employee panel...
Persistent link: https://www.econbiz.de/10010877822
between export and FDI. The model combines the proximity-concentration trade-off framework with the real option methodology …
Persistent link: https://www.econbiz.de/10008534026
Germany’s export market share increased since 2000, while most industrial countries experienced declines. This study …-shoring). An export model is estimated covering the period 1993–2005. The dominant factor explaining the increase in market share … are trade relationships with fast growing countries. Regionalized production in the export sector also played a part …
Persistent link: https://www.econbiz.de/10005406147
exogenous to firms’ export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 … percentage points in the export share of German manufacturing firms. The evidence is robust to several alternative specifications …
Persistent link: https://www.econbiz.de/10005406266
, those with intermediate productivity will export, and those with higher productivity will choose fragmentation. Among the …
Persistent link: https://www.econbiz.de/10010652445