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Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (Bace) Approach
Doppelhofer, Gernot; Miller, Ronald I.; Sala-i-Martin, … - Economics Department, Organisation de Coopération et … - 2000
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
Persistent link: https://www.econbiz.de/10005046029
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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Boosting Growth and Reducing Informality in Mexico
Dougherty, Sean - Economics Department, Organisation de Coopération et … - 2015
Mexico has embarked on a bold package of structural reforms that will help it to break away from three decades of slow growth and low productivity. Major structural measures have been legislated to improve competition, education, energy, the financial sector, labour, infrastructure and the tax...
Persistent link: https://www.econbiz.de/10011274591
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Exports and Property Prices in France: Are They Connected?
Égert, Balázs; Kierzenkowski, Rafal - Economics Department, Organisation de Coopération et … - 2010
France has seen a marked deterioration in its export performance in the last 10 years or so. Previous empirical research pointed out that weak export performance was due to i) vigorous domestic demand; ii) lower mark-ups due to head-to-head competition with Germany; iii) low non-price...
Persistent link: https://www.econbiz.de/10008542498
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A Constant Market Share Analysis of Spanish Goods Exports
Pandiella, Alberto González - Economics Department, Organisation de Coopération et … - 2015
goods exports into competitiveness and structural effects (i.e. the impact of specialisation, either in product or … to which Spain exports, with a large-weight on relatively slow-growing areas and a small weight on fast-growing emerging … countries, has exerted a negative impact on Spanish exports. In the same vein, the product structure, focused on relatively slow …
Persistent link: https://www.econbiz.de/10011276857
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Post-Crisis Changes in Banking and Corporate Landscapes: The Case of Thailand
Molnár, Margit - Economics Department, Organisation de Coopération et … - 2003
This study investigates the relative importance of factors shaping banking and corporate landscapes in Thailand after 1997 through an empirical analysis of micro-data of Thai banks and firms. The results of the analysis of the bank data show that the deceleration of bank credit growth is mainly...
Persistent link: https://www.econbiz.de/10005045673
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Post-Crisis Changes in Banking and Corporate Landscapes in Dynamic Asia
Molnár, Margit - Economics Department, Organisation de Coopération et … - 2003
This study investigates the changing relations between banks and their business customers in selected Asian emerging economies. These changes are manifest in declining bank lending growth and can be attributed to three major driving forces: cyclical factors, the fallout from the 1997 Asian...
Persistent link: https://www.econbiz.de/10005045732
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Product Market Competition and Economic Performance in Korea
Baek, Yongchun; Jones, Randall S.; Wise, Michael - Economics Department, Organisation de Coopération et … - 2004
Maintaining rapid economic growth depends increasingly on productivity gains, particularly in the service sector. Competition has an important role to play in achieving such gains. However, Korea’s development strategy has tended to weaken competition and has left a legacy of government...
Persistent link: https://www.econbiz.de/10005045925
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Product Market Competition and Economic Performance in Japan
Høj, Jens; Wise, Michael - Economics Department, Organisation de Coopération et … - 2004
Empirical work shows that competition is important for promoting economic growth. However, in Japan the promotion of competition has long been compromised by ministerial guidance and exemptions from the competition law. Thus, the level and growth of productivity have been low in many...
Persistent link: https://www.econbiz.de/10005045937
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Upgrading Japan's Innovation System to Sustain Economic Growth
Jones, Randall S.; Yokoyama, Tadashi - Economics Department, Organisation de Coopération et … - 2006
Increasing productivity growth through innovation is a key to raising living standards. Although R&D intensity in Japan is the third highest in the OECD area, the benefits do not appear to have been commensurate with the level of investment. The innovation system, which developed during the...
Persistent link: https://www.econbiz.de/10005046148