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Reform, Uncertainty and Spillovers - A Gravity Model Approach
Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012
Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...
Persistent link: https://www.econbiz.de/10009651184
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How I Learned to Stop Worrying and Love the Crisis
Fidrmuc, Jan; Tichit, Ariane - CESifo - 2012
We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...
Persistent link: https://www.econbiz.de/10009645638
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Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable
Egert, Balazs; MacDonald, Ronald - CESifo - 2006
This paper surveys recent advances in the monetary transmission mechanism (MTM). In particular, while laying out the functioning of the separate channels in the MTM, special attention is paid to exploring possible interrelations between different channels through which they may amplify or...
Persistent link: https://www.econbiz.de/10005094342
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Tear Down this Wall: On the Persistence of Borders in Trade
Nitsch, Volker; Wolf, Nikolaus - CESifo - 2009
-West border; political integration is not rapidly followed by economic integration. Instead, we estimate that it takes at least …
Persistent link: https://www.econbiz.de/10008572489
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FDI, Trade Integration and the Border Effect: Evidence from the European Union
Román, Valeriano Martínez-San; Bengoa, Marta; … - CESifo - 2014
robust relationship of complementarity between trade integration and FDI provides at least one argument in support of …This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern … –horizontal versus vertical– within the European Union and the relevance of trade integration as a potential determinant of …
Persistent link: https://www.econbiz.de/10010790167
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Catching-up and Inflation in Europe: Balassa-Samuelson, Engel's Law and other Culprits
Egert, Balazs - CESifo - 2010
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10008596582
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Public Funding of Higher Education
Viaene, Jean-Marie; Zilcha, Itzhak - CESifo - 2011
Recent criticism from different sides has expressed the view that, with scarce resources, there is little justification for massive public funding of higher education. Central to the debate is the conjecture that colleges and universities use their resources inefficiently and focus...
Persistent link: https://www.econbiz.de/10009320367
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The Great Risk Shift? Income Volatility in an International Perspective
Buch, Claudia M. - CESifo - 2008
Weakening bargaining power of unions and the increasing integration of the world economy may affect the volatility of …
Persistent link: https://www.econbiz.de/10005766236
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"Unwarranted" Wage Changes and the Return on Capital
Katsimi, Margarita; Kalyvitis, Sarantis; Moutos, Thomas - CESifo - 2009
Casual empiricism suggests that “unwarranted” wage changes, defined as the part of wage growth that is not explained by changes in labour productivity, are negatively associated with the return on capital. The main point of this paper is to show that “unwarranted” wage changes have no...
Persistent link: https://www.econbiz.de/10008572545
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The Distributional Consequences of Supply-Side Reforms in General Equilibrium
Angelopoulos, Konstantinos; Fernandez, Bernardo X.; … - CESifo - 2011
show that including the transition period in the welfare evaluation lowers the inequality effects of capital tax reduc …
Persistent link: https://www.econbiz.de/10009144878