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Innovation, Adoption, Ownership, and Productivity: Evidence from Ukraine
Brown, J. David; Earle, John S.; Vakhitova, Hanna; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
How do new and foreign firms achieve superior productivity? Do they conduct more and better R&D? Or do they distinguish … IT and less in R&D than initially state-owned firms. Productivity gains from R&D and non-technology investment are … investment. New firm productivity growth is a result of higher investment volume rather than investment efficiency. …
Persistent link: https://www.econbiz.de/10008555913
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Understanding the Contributions of Reallocation to Productivity Growth: Lessons from a Comparative Firm-Level Analysis
Brown, J. David; Earle, John S. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2008
aggregate productivity growth during the socialist and reform periods in six transition economies. Modifying a standard … decomposition technique to better reflect the role of firm entry, we find that reallocation rates and productivity contributions are … very low under socialism. After reforms, they rise dramatically, and productivity contributions greatly exceed those …
Persistent link: https://www.econbiz.de/10005071141
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Fiscal Spillovers in the Euro Area
Caporale, Guglielmo Maria; Girardi, Alessandro - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011
This paper analyses the dynamic effects of fiscal imbalances in a given EMU member state on the borrowing costs of other countries in the euro area. The estimation of a multivariate, multi-country time series model (specifically a Global VAR, or GVAR) using quarterly data for the EMU period...
Persistent link: https://www.econbiz.de/10009325377
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Global Liquidity, World Savings Glut and Global Policy Coordination
Belke, Ansgar; Gros, Daniel - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
The global imbalances of the 2000s and the recent global financial crisis are intimately connected. Both originate in the combination of economic policies adopted by the two key economies, the US and China. Global financial markets served as a transmission belt, both during the boom as during...
Persistent link: https://www.econbiz.de/10008636402
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Monetary Policy, Global Liquidity and Commodity Price Dynamics
Belke, Ansgar; Bordon, Ingo G.; Hendricks, Torben W. - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
This paper examines the interactions between money, interest rates, goods and commodity prices at a global level. For this purpose, we aggregate data for major OECD countries and follow the Johansen/Juselius cointegrated VAR approach. Our empirical model supports the view that, when controlling...
Persistent link: https://www.econbiz.de/10008636404
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International Consumption Risk Sharing and Monetary Policy
Blank, Sven - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
This project aims at analyzing the impact of monetary policy on the international allocation of risk in a two-country dynamic stochastic general equilibrium model with sticky prices and international portfolio choice. The model features endogenous firms entry which influences the evolution of...
Persistent link: https://www.econbiz.de/10010896119
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International Consumption Risk Sharing with Incomplete Goods and Asset Markets
Blank, Sven - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
trade in equities. This setup incorporates impediments to international trade in goods and assets. Impulse responses show …
Persistent link: https://www.econbiz.de/10010896120
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Costs and Benefits of Euro Adoption in Bulgaria
Ganev, Georgy - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
expected for Bulgaria due mainly to enhanced capital inflows and to a smaller extent to a boost in trade with the EU and to …
Persistent link: https://www.econbiz.de/10010783952
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Financial Crisis, Global Liquidity and Monetary Exit Strategies
Belke, Ansgar - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010
We develop a roadmap of how the ECB should further reduce the volume of money (money supply) and roll back credit easing in order to prevent inflation. The exits should be step-by-step rather than one-off. Communicating about the exit strategy must be an integral part of the exit strategy. Price...
Persistent link: https://www.econbiz.de/10008535998
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Liquidity and the Dynamic Pattern of Asset Price Adjustment: A Global View
Belke, Ansgar; Orth, Walter; Setzer, Ralph - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2009
Global liquidity expansion has been very dynamic since 2001. Contrary to conventional wisdom, high money growth rates have not coincided with a concurrent rise in goods prices. At the same time, however, asset prices have increased sharply, significantly outpacing the subdued development in...
Persistent link: https://www.econbiz.de/10008490051