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Does Innovation Cause Exports? Evidence from Exogenous Innovation Impulses and Obstacles

Lachenmaier, Stefan; Woessmann, Ludger - CESifo - 2004

Trade and growth theories predict a mutual causation of innovation and exports. We test empirically whether innovation … exogenous to firms’ export performance. We find that innovation attributable to this variation leads to an increase of roughly 7 … causes exports using a uniquely rich German micro dataset. Our instrumental-variable strategy identifies variation in …

Persistent link: https://www.econbiz.de/10005406266

Restructuring the ECB

Berger, Helge; Haan, Jakob de; Inklaar, Robert - CESifo - 2003

Soon, euro area membership could more than double, with the vast majority of accession countries being quite different in economic terms compared with current members. Under the current decision-making system, this can lead to high decisionmaking costs and there is a risk that monetary policy...

Persistent link: https://www.econbiz.de/10005094278

The Transition Economies: A NATREX Evaluation of Research

Stein, Jerome L. - CESifo - 2005

This paper applies the NATREX model of equilibrium exchange rates to evaluate several key studies of the Central and Eastern European Countries (CEEC) in general, with particular emphasis upon the Czech Republic and Hungary and with references to Poland and Bulgaria. On the basis of the NATREX...

Persistent link: https://www.econbiz.de/10005765799

Strategic Tax Collection and Fiscal Decentralisation: The Case of Russia

Feld, Lars P.; Libman, Alexander - CESifo - 2007

In a centralized federation, where tax rates and taxation rules are set by the federal government, manipulating the thoroughness of tax auditing and the effectiveness of tax collection could be attractive for regional authorities because of a variety of reasons. These range from tax competition...

Persistent link: https://www.econbiz.de/10005766185

How Important are Foreign Banks in the Financial Development of European Transition Countries?

Naaborg, Ilko; Scholtens, Bert; Haan, Jakob de; Bol, Hanneke - CESifo - 2003

This paper analyzes the development of the banking sector in European transition countries. We find that, although bank assets increased during the 1990s, credit to the private sector remained relatively low. Foreign-owned banks have become major players in the financial system of these...

Persistent link: https://www.econbiz.de/10005094365

The Role of Tax Depreciation for Investment Decisions: A Comparison of European Transition Countries

Nam, Chang Woon; Radulescu, Doina Maria - CESifo - 2003

This study compares incentive effects of various tax depreciation methods currently adopted in European transition economies. In these countries straight-line, geometric-degressive and accelerated depreciation measures are quite popular in combination with different corporate tax rates. Their...

Persistent link: https://www.econbiz.de/10005094476

Are the Baltic Countries Ready to Adopt the Euro? A Generalised Purchasing Power Parity Approach

Caporale, Guglielmo Maria; Ciferri, Davide; Girardi, … - CESifo - 2008

This paper focuses on macroeconomic interdependencies between the Euro area and three transition economies (Estonia, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is based on the Generalised Purchasing Power Parity...

Persistent link: https://www.econbiz.de/10005094477

Ten Years After: What is Special about Transition Countries?

Gros, Daniel; Suhrcke, Marc - CESifo - 2000

Most countries commonly classified as 'in transition' are st ill recognisably different from other countries with a similar income per capita in some respects: a larger share of their work force is in industry, they use more energy, they have a more extensive infrastructure and invest more in...

Persistent link: https://www.econbiz.de/10005181408

Growing Apart? A Tale of Two Republics: Estonia and Georgia

Gylfason, Thorvaldur; Hochreiter, Eduard - CESifo - 2007

We compare and contrast the economic growth performance of Estonia and Georgia since the collapse of the Soviet Union in 1991 in an attempt to understand better the extent to which the growth differential between the two countries can be traced to increased efficiency in the use of capital and...

Persistent link: https://www.econbiz.de/10005406105

Determinants of House Prices in Central and Eastern Europe

Egert, Balázs; Mihaljek, Dubravko - CESifo - 2007

This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...

Persistent link: https://www.econbiz.de/10005406224

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