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Information & communication technologies - panacea for traffic congestion?
Heng, Stefan - EconWPA - 2004
making traffic flow more efficiently in a given infrastructure. Furthermore, the virtual world gives rise to new business … continues to drive qualitative improvements in traffic conditions, e-business and telework in particular have, for structural … reasons, a much less pronounced effect on traffic than widely presumed. ICT helps in organising traffic flows more efficiently …
Persistent link: https://www.econbiz.de/10005412520
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The New Italian Road Code and the virtues of the ‘shame lane’
Richiardi, Matteo - EconWPA - 2004
In July 2003 a new Road Code was approved by the Italian parliament. Among many reforms whose validity is not questioned here, the new law states that on three-lane motorways the right lane should not be reserved anymore to slow vehicles alone. As in two-lane roads, all vehicles must now drive...
Persistent link: https://www.econbiz.de/10005413007
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Sustaining Imperfectly Credible Trade Liberalization: Do the Rate of Tariff Reduction and the Degree of Labor Mobility Matter?
Tatum, Robert C. - EconWPA - 2005
Imperfectly credible trade liberalization can lead to balance of payment deterioration and a subsequent reversal of the reform. Therefore, this paper examines whether the likelihood of policy reversal depends on the rate of tariff reduction or the degree of labor mobility. The analysis shows...
Persistent link: https://www.econbiz.de/10005125497
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How Did Malawi Accumulate External Debt
Stambuli, P. Kalonga - EconWPA - 2003
Further to investigation of how Malawi accumulated external debts amounting to $2.7 billion, without a corresponding growth in the economy, exports capability or poverty reduction this paper much of the borrowing contracted during 1973-82 was consumed by balance of payments deficits caused by...
Persistent link: https://www.econbiz.de/10005062708
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THE BALANCE OF PAYMENTS AS A MONETARY PHENOMENON:AN ECONOMETRIC CASE STUDY OF NIGERIA
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003
THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY...
Persistent link: https://www.econbiz.de/10005408148
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The Misallocation of Resources of Anticipated Inflation
Frenkel, Michael; Mehrez, Gil - EconWPA - 1997
This paper analyzes the effects of anticipated inflation on the resource allocations between production and financial services. We develop a model with heterogeneous workers and two sectors economy. A manufacturing sector producing a final composite good and a financial sector providing monetary...
Persistent link: https://www.econbiz.de/10005126418
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Do efficient banking sectors accelerate economic growth in transition countries?
Koivu, Tuuli - EconWPA - 2002
The relationship between financial sector and economic growth in transition countries has been largely ignored in the earlier empirical literature. In this paper, we analyse the finance-growth nexus using a fixed-effects panel model and unbalanced panel data from 25 transition countries during...
Persistent link: https://www.econbiz.de/10005561315
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CLAVES DE LA INFLACION DE 2005
Marongiu, Federico - EconWPA - 2005
El tema de la inflación ha sido uno de los más debatidos en los últimos meses. Los incrementos de precios registrados en el primer trimestre de 2005 han avivado la discusión. Este trabajo muestra que el problema está lejos de estar fuera de control y que determinadas medidas de política...
Persistent link: https://www.econbiz.de/10005076625
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Macroeconomic Policies of the Economic and Monetary Union: Theorectical Underpinnings and Challenges
Arestis, Philip; Sawyer, Malcolm - EconWPA - 2003
Macroeconomic Policies of the Economic and Monetary Union: Theoretical Underpinnings and Challenges Philip Arestis and Malcolm Sawyer, The Levy Economics Institute and Leeds University Abstract This paper presents two issues: first, an effort to decipher the type of economic analysis and...
Persistent link: https://www.econbiz.de/10005076715
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Measuring China's Fiscal Policy Stance
Dullien, Sebastian - EconWPA - 2005
This paper argues that the tradtitional way of gauging a country's fiscal policy stance by looking at government budget deficit or cyclically adjusted budget deficits is misleading in the case of China, since a lot of what usually would be considered fiscal policy is conducted via investment by...
Persistent link: https://www.econbiz.de/10005076727