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Southern enlargement of the European Union and capital account liberalization: Lessons for Central and Eastern Europe

Buch, Claudia M.; Heinrich, Ralph P.; Piazolo, Daniel - Institut für Weltwirtschaft (IfW) - 1998

The integration of the central and eastern European countries into the international capital markets has been and will be determined by the process of European Union (EU) integration. Our analysis shows that southern and eastern European countries already appear to be surprisingly similar...

Persistent link: https://www.econbiz.de/10009276349

Globalisation as a 'good times' phenomenon: a search-based explanation

Edwards, T. Huw - Institut für Weltwirtschaft (IfW) - 2009

Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply driven by policy: rather, in a model of costly search,...

Persistent link: https://www.econbiz.de/10008561130

Openness to international trade and economic growth: A cross-country empirical investigation

Ulaşan, Bülent - Institut für Weltwirtschaft (IfW) - 2012

In this paper, we revisit the empirical evidence on the relationship between trade openness and long-run economic growth over the sample period 1960-2000. In contrast to previous studies focusing mainly on the period 1970-1990, this paper reassesses the openness-growth nexus over a much longer...

Persistent link: https://www.econbiz.de/10010983169

The growth effects of R&D spending in the EU: A meta-analysis

Kokko, Ari; Tingvall, Patrik Gustavsson; Videnord, Josefin - Institut für Weltwirtschaft (IfW) - 2015

In this paper the authors conduct a meta-analysis to examine the link between R&D spending and economic growth in the EU and other regions. The results suggest that the growth-enhancing effect of R&D in the EU15 countries does not differ from that in other countries in general, but it is less...

Persistent link: https://www.econbiz.de/10011269108

OLS-Estimation of conditional and unconditional sigma- and beta-convergence of per capita income: Implications of Solow-Swan and Ramsey-Cass models

Maurer, Rainer - Institut für Weltwirtschaft (IfW) - 1995

In this paper I discuss the general statistical relationships between beta- and sigmaconvergence (for a definition see section 2) and the implications of the Solow-Swan and Ramsey-Cass model for an OLS-estimation of beta- and sigma-convergence of the log of per capita GDP over a cross section of...

Persistent link: https://www.econbiz.de/10009276459

Boom and bust in capital flows to developing countries: what South Asia can learn from recent financial crises

Nunnenkamp, Peter - Institut für Weltwirtschaft (IfW) - 1998

Politicians in Asia and some economists contend that developing countries are at the mercy of the rapidly changing winds blowing from international capital markets. We are indeed witnessing another episode of volatility in capital flows, with foreign investors suddenly fleeing emerging markets...

Persistent link: https://www.econbiz.de/10009276527

Capital account openness, political institutions and FDI in the MENA region: An empirical investigation

Gammoudi, Mouna; Cherif, Mondher - Institut für Weltwirtschaft (IfW) - 2015

This paper examines how capital account liberalization (CAL) affects Foreign Direct Investment (FDI) inflows. The authors use the System Generalized-Method-of-Moments (GMM) estimator developed for the dynamic panel model for a sample of 17 Middle East and North Africa (MENA) countries from 1985...

Persistent link: https://www.econbiz.de/10011185915

The Effects of External Shocks on Business Cycles in Emerging Asia: A Bayesian VAR approach

Utlaut, Johannes; Roye, Björn van - Institut für Weltwirtschaft (IfW) - 2010

world economic activity, financial conditions, Chinese GDP and an aggregate GDP index of eight East Asian countries. We show … the traditional BVAR. Finally, we simulate a double dip scenario for the world economy and a muted growth path of the … path of the world economy and remarkably little on business cycle fluctuations in China …

Persistent link: https://www.econbiz.de/10008784525

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

Learning How to Export

Segerstrom, Paul S.; Stepanok, Ignat - Institut für Weltwirtschaft (IfW) - 2012

In this paper, we present a standard quality ladders endogenous growth model with one significant new assumption, that it takes time for firms to learn how to export. We show that this model without Melitz-type assumptions can account for all the evidence that the Melitz (2003) model was...

Persistent link: https://www.econbiz.de/10010886938

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