Showing 1 - 10 of 69
. In the developed countries, lower trade and unit wage costs, and hence, a strong and positive labour productivity matter …
Persistent link: https://www.econbiz.de/10005083426
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
firms always have a higher market share, there is no monotonic relationship between firms? productivity level and their … effect”. Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and …
Persistent link: https://www.econbiz.de/10010886899
This paper aids our understanding of the link between innovation and exporting behavior by detailing how firms may purposefully decide on the source country for the imported innovation and the market that they ultimately serve. We argue that firms who invest in the state-of-the-art technologies...
Persistent link: https://www.econbiz.de/10008587770
We consider whether Sub-Saharan African (SSA) countries are mainly poor because they are governed worse than other countries, as suggested by recent studies on the supremacy of institutions. Our empirical results show that the supremacy of institutions does not hold. SSA countries appear to face...
Persistent link: https://www.econbiz.de/10010886842
We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values, capital mobility has a large impact on income growth.
Persistent link: https://www.econbiz.de/10010955648
This paper empirically tests the effect of financial knowledge spillovers on agglomeration in China's financial services industry and examines the external effects on cities' economies. The authors apply hierarchical linear modeling to examine a data set that comprises 276 Chinese cities and...
Persistent link: https://www.econbiz.de/10010956148
We explore the uses of double-calibrated general equilibrium models as a decomposition tool for analysing contributory factors in the growth and increasing wage inequality in an advanced economy (the UK) since 1979. Calibration of a model to start and end years, based upon an assumed functional...
Persistent link: https://www.econbiz.de/10009395928
This paper addresses the poor economic performance of Eastern Europe in the 1990s and the future development potential of the region in the light of the theories of economic growth and human capital and their empirical tests. It concludes that Eastern Europe is likely to have fallen into a...
Persistent link: https://www.econbiz.de/10009276484
We estimate the relative roles of factor inputs and productivity in explaining the level of economic development, which … is measured as output per worker. For a large sample of countries, we show that alternative identifying productivity … productivity in a decomposition of output per worker. For a sample of OECD countries, we find that productivity has almost no role …
Persistent link: https://www.econbiz.de/10009276754