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Financial Markets and Economic Growth in Poland: Simulations with an Econometric Model
Wdowinski, Piotr - CESifo - 2005
In this paper we present simulations of economic performance of the Polish economy based on a quarterly econometric model. The model consists of 22 stochastic equations, which link the financial market with the real economy. The purpose of the research is to present effects of changes to...
Persistent link: https://www.econbiz.de/10005766248
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Determinants of Country Beta Risk in Poland
Wdowinski, Piotr - CESifo - 2004
, we examine: income, productivity, trade balance, budget deficit, interest rate and the zloty exchange rate. The risk …
Persistent link: https://www.econbiz.de/10005249463
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The Learning Process and Technological Change in Wind Power: Evidence from China's CDM Wind Projects
Tang, Tian; Popp, David - CESifo - 2014
The Clean Development Mechanism (CDM) is a project-based carbon trade mechanism that subsidizes the users of climate-friendly technologies and encourages technology transfer. The CDM has provided financial support for a large share of Chinese wind projects since 2002. Using pooled...
Persistent link: https://www.econbiz.de/10010752785
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Environmental Policy Design and the Fragmentation of International Markets for Innovation
Johnstone, Nick; Hascic, Ivan - CESifo - 2009
It has long been argued that the implementation of market-based environmental policy instruments such as environmentally-related taxes and tradable permits is likely to lead to greater technological innovation than more direct forms of regulation such as technology-based standards. One of the...
Persistent link: https://www.econbiz.de/10005000383
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Intellectual Property Rights, Technology Transfer and Exports in Developing Countries
Yang, Lei; Maskus, Keith E. - CESifo - 2008
We develop a model to analyze one mechanism under which stronger intellectual property rights (IPR) protection may improve the ability of firms in developing countries to break intoexport markets. A Northern firm with a superior process technology chooses either exports or technology transfer...
Persistent link: https://www.econbiz.de/10005406245
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Temporary Employment, Job Flows and Productivity: A Tale of two Reforms
Cappellari, Lorenzo; Dell'Aringa, Carlo; Leonardi, Marco - CESifo - 2011
productivity-enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it induced a … substitution of temporary employees in favour of permanent ones and reduced capital intensity, generating productivity losses. We …
Persistent link: https://www.econbiz.de/10009221556
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Does China Still Have a Labor Cost Advantage?
Ceglowski, Janet; Golub, Stephen - CESifo - 2011
In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998-2009. Between 1998 and 2003 China’s unit labor costs...
Persistent link: https://www.econbiz.de/10009323303
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Credit Constraints, Quality, and Export Prices: Theory and Evidence from China
Fan, Haichao; Lai, Edwin L.-C.; Li, Yao Amber - CESifo - 2013
This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its exports. The paper modifies Arkolakis’s (2010) model of trade with heterogeneous firms by introducing endogenous quality and credit constraints. The model predicts that tighter...
Persistent link: https://www.econbiz.de/10010690383
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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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Labor Market Policies and European Crises
Bertola, Giuseppe - CESifo - 2013
This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …
Persistent link: https://www.econbiz.de/10010706002