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The impact of financial openness on the size of utility-enhancing government
Erauskin, Iñaki - Institut für Weltwirtschaft (IfW) - 2013
-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk …
Persistent link: https://www.econbiz.de/10010983184
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On the power and weakness of rational expectations: Logical fallacies, periodic bubbles and business cycles
Gracia, Eduard - Institut für Weltwirtschaft (IfW) - 2012
periodically impacting aggregate productivity and, as a consequence, GDP growth. …
Persistent link: https://www.econbiz.de/10010956093
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The granular nature of the great export collapse in German manufacturing industries, 2008/2009
Wagner, Joachim - Institut für Weltwirtschaft (IfW) - 2012
This paper uses comprehensive high-quality panel data from official statistics for exporting enterprises to investigate the micro-structure of the recent export collapse in manufacturing industries in Germany during the crisis of 2008/2009. Almost all of the decline in exports was due to...
Persistent link: https://www.econbiz.de/10010956149
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A new method for measuring tail exponents of firm size distributions
Fujimoto, Shouji; Ishikawa, Atushi; Mizuno, Takayuki; … - Institut für Weltwirtschaft (IfW) - 2011
We propose a new method for estimating the power-law exponent of a firm size variable, such as annual sales. Our focus is on how to empirically identify a range in which a firm size variable follows a power-law distribution. As is well known, a firm size variable follows a power-law distribution...
Persistent link: https://www.econbiz.de/10009246868
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Subsidization and Structural Change in Eastern German Transition: Did Economic Policy Meet Its Objectives?
Gerling, Katja - Institut für Weltwirtschaft (IfW) - 2000
Economic policy interventions of a scale as effected in eastern Germany can be expected to have a significant impact on the economy, which may be in accordance with the objectives of the policy measures or manifest itself in distortions of several kinds. This paper analyzes the structural...
Persistent link: https://www.econbiz.de/10005755271
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Distribution of Labour Productivity in Japan over the Period 1996-2006
Souma, Wataru; Ikeda, Yuichi; Iyetomi, Hiroshi; … - Institut für Weltwirtschaft (IfW) - 2009
The distribution of labour productivity is investigated by analyzing the longitudinal micro-level data set which … function of the second kind is applied to explain the distribution. We calculate marginal labour productivity by using the … characterizing high productivity range and low productivity range, we show that inequality of low productivity range is larger than …
Persistent link: https://www.econbiz.de/10005059045
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Uncertainty and capacity constraints: reconsidering the aggregate production function
Gracia, Eduard - Institut für Weltwirtschaft (IfW) - 2011
-Douglas function but also point towards an alternative interpretation of phenomena such as the way monetary policy impacts productivity. …
Persistent link: https://www.econbiz.de/10009018211
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The endogeneity of the natural rate of growth: An alternative approach
Senay, Acikgöz; Mert, Merter - Institut für Weltwirtschaft (IfW) - 2015
This study estimates and tests the endogeneity of the natural rate of growth using the balance-of-payments consistent rate of growth (BPCRG) instead of the actual rate of growth. Our approach is also theoretically compatible with the one proposed by Thirlwall (2001). Following this idea, we...
Persistent link: https://www.econbiz.de/10011122551
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International trade and polarization in the labor market
Das, Satya P. - Institut für Weltwirtschaft (IfW) - 2011
shown that such a terms of trade shock can lead to higher shares of high-skill as well as low-skill workers in the total …
Persistent link: https://www.econbiz.de/10009372164
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Can Oil-led Growth and Structural Change Go Hand in Hand in Ghana? A Multi-sector Intertemporal General Equilibrium Assessment
Breisinger, Clemens; Diao, Xinshen; Wiebelt, Manfred - Institut für Weltwirtschaft (IfW) - 2012
Unlike in Asia, the manufacturing sector has not (yet) become a driver of structural change in Africa. One common explanation is that the natural resource-focus of many African economies leads to Dutch disease effects. To test this argument for the case of newly found oil in Ghana we develop a...
Persistent link: https://www.econbiz.de/10010886853