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The "V-Factor": Distribution, Timing and Correlates of the Great Indian Growth Turnaround

Ghate, Chetan; Wright, Stephen - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008

The ratio of Indian to US per capita output over the past 45 years has displayed a distinctive "V"-shaped pattern. We show that a strikingly similar V-shaped pattern is visible not just in aggregate output .figures, but also as the primary determinant of long-term movements in the...

Persistent link: https://www.econbiz.de/10005068927

Nested Stochastic Possibility Frontiers with Heterogeneous Capital Inputs

Erber, Georg; Madlener, Reinhard - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...

Persistent link: https://www.econbiz.de/10004963835

Benchmarking Efficiency of Telecommunication Industries in the US and Major European Countries: A Stochastic Possibility Frontiers Approach

Erber, Georg - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

The impact of ICT on the efficiency of different national telecommunication industries of the US, Germany, France, the UK and the Netherlands is analysed by using a stochastic production possibility frontier approach. The relative inefficiencies of these industries measured as distances to the...

Persistent link: https://www.econbiz.de/10005068689

Does the Dispersion of Unit Labor Cost Dynamics in the EMU Imply Long-Run Divergence?: Results from a Comparison with the United States of America and Germany

Dullien, Sebastian; Fritsche, Ulrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

inflation convergence using different approaches, namely panel unit root tests, co-integration tests and error-correction models …. All in all we cannot reject convergence of ULC growth in EMU, however, country-specific deviations from the rest of the …

Persistent link: https://www.econbiz.de/10005068787

Unit Labor Cost Growth Differentials in the Euro Area, Germany, and the US: Lessons from PANIC and Cluster Analysis

Fritsche, Ulrich; Kuzin, Vladimir - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

Inflation differentials in the Euro area are mainly due to a sustained divergence of wage developments across the Euro … area, and narrower differences in labour productivity growth (Alvarez et al., 2006). We investigate convergence of … are much less important in explaining the variance of ULC growth. We report evidence for convergence clusters in all …

Persistent link: https://www.econbiz.de/10005068930

Technological Change and Transition: Relative Contributions to Worldwide Growth during the 1990s

Badunenko, Oleg; Henderson, Daniel J.; Zelenyuk, Valentin - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

analysis showed that, during the 1990's, the major force in the further divergence of the rich and the poor was due to …

Persistent link: https://www.econbiz.de/10005069101

Long Memory in US Real Output per Capita

Caporale, Guglielmo Maria; Gil-Alana, Luis A. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...

Persistent link: https://www.econbiz.de/10005026831

Filtering German Economic Conditions from a Large Dataset: The New DIW Economic Barometer

Viefers, Paul; Fichtner, Ferdinand; Junker, Simon; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

This paper presents a revised version of the DIW Economic Barometer, the business cycle index of the German Institute for Economic Research (DIW Berlin). As in earlier versions, we put forward a factor model on a monthly frequency to filter the latent state of the aggregate economy. In the new...

Persistent link: https://www.econbiz.de/10010933108

Google Searches as a Means of Improving the Nowcasts of Key Macroeconomic Variables

Kholodilin, Konstantin A.; Podstawski, Maximilian; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009

The Google Insights data are a collection of recorded Internet searches for a huge number of the keywords, which are available since January 2004. These searches represent a kind of revealed perceptions of Internet users, which are a (possibly not entirely representative) sample of the general...

Persistent link: https://www.econbiz.de/10008549317

Do Google Searches Help in Nowcasting Private Consumption?: A Real-Time Evidence for the US

Kholodilin, Konstantin A.; Podstawski, Maximilian; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

In this paper, we investigate whether the Google search activity can help in nowcasting the year-on-year growth rates of monthly US private consumption using a real-time data set. The Google-based forecasts are compared to those based on a benchmark AR(1) model and the models including the...

Persistent link: https://www.econbiz.de/10008565836