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Distance, production, trade and growth: A note

Mandal, Biswajit - Institut für Weltwirtschaft (IfW) - 2014

This short note tries to argue that distance is not necessarily harmful for trade. It is shown that there may be an … increase in the production and volume of trade if time zones of the trading nations are non-overlapping. This implies a … positive effect of distance on the volume of trade. It is also shown that exploitation of time zone difference raises welfare …

Persistent link: https://www.econbiz.de/10010956056

Youth and inexperience: Dynamic inconsistency among emerging adults

Gibbons, Brian; Paxton, Julia - Institut für Weltwirtschaft (IfW) - 2015

Why do some people think they will behave differently in the future? Building on research on dynamic inconsistency and age related preferences, this paper introduces the concept that inconsistent intertemporal preferences are directly related to age. In previous studies, standard socioeconomic...

Persistent link: https://www.econbiz.de/10011203164

A counterfactual decomposition analysis of immigrants-natives earnings in Malaysia

Anees, Muhammad; Sajjad, Muhammad; Ahmed, Ishfaq - Institut für Weltwirtschaft (IfW) - 2011

Economics of discrimination has been the topic of interest of many in the last decade or two. Human capital theory describes wage determination as a function of labour human capital and should be determined based on marginal productivity theorem of labour economics. Islamic theology also...

Persistent link: https://www.econbiz.de/10009370686

Polarization, growth and social policy in the case of Israel, 1997 - 2008

García-Fernándeza, Rosa María; Gottlieb, Daniel; … - Institut für Weltwirtschaft (IfW) - 2012

In this paper we apply two statistical models to the measurement of polarization to Israeli income data over the past decade in order to empirically detect income classes as sub-populations of incomes concentrated around an optimal number of poles. The statistical models compared are a...

Persistent link: https://www.econbiz.de/10010983174

Labour Supply and Labour Force Participation in Europe, A Discussion of Some Recent Developments and Projections

Chagny, Odile; Döpke, Jörg; Plane, Mathieu; Schmidt, … - Institut für Weltwirtschaft (IfW) - 2001

The prospects for labour supply in Europe are considered. The analysis begins with a so-called labour market balance covering the development on an aggregate level. Estimations to shed light on the relation between unemployment and labour force participation are given in the second part of the...

Persistent link: https://www.econbiz.de/10005755180

Global Factors, Unemployment Adjustment and the Natural Rate

Smith, Ron P.; Zoega, Gylfi - Institut für Weltwirtschaft (IfW) - 2007

OECD unemployment rates show long swings which dominate shorter business cycle components and these long swings show a range of common patterns. Using a panel of 21 OECD countries 1960-2002, we estimate the common factor that drives unemployment by the first principal component. This factor has...

Persistent link: https://www.econbiz.de/10005083387

Global Factors, Unemployment Adjustment and the Natural Rate

Smith, Ron; Zoega, Gylfi - Institut für Weltwirtschaft (IfW) - 2007

Persistent link: https://www.econbiz.de/10005700510

Financial Globalization, Financial Frictions and Optimal Monetary Policy

Faia, Ester; Iliopulos, Eleni - Institut für Weltwirtschaft (IfW) - 2010

How should monetary policy be optimally designed in an environment with high degrees of financial globalization? To answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a collateral constraint motivated by limited enforcement....

Persistent link: https://www.econbiz.de/10008511727

Emerging East-West collaborative networks: An appraisal

Schmidt, Klaus-Dieter - Institut für Weltwirtschaft (IfW) - 1998

Although an extensive amount of literature reviews emerging patterns of east-west co-operation, it is not easy to grasp the state of the art. Too many of the books, articles and papers tend to mark the trees rather than to map the forest. The paper analyses recent trends from the point of view...

Persistent link: https://www.econbiz.de/10009276078

Deutschmark appreciation and structural change: An overview of economic structural reports

Schmidt, Klaus-Dieter - Institut für Weltwirtschaft (IfW) - 1997

Changes in exchange rates have become a prominent issue in Germany and Japan - due to the enormous appreciation of the Deutschmark and the Yen. Conventional wisdom suggests that economic activity will be negatively affected if a currency is going through a phase of appreciation. The paper...

Persistent link: https://www.econbiz.de/10009276229