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Ma, Guonan; Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2013

This paper analyzes the causes of rising savings rates for the corporate, government, and household sectors, which have jointly contributed to the upsurge in aggregate savings in China in the past two decades. Government policies to rebalance the Chinese economy are also explored.

Persistent link: https://www.econbiz.de/10010791521

Aggregate Savings and External Imbalances in China

Yang, Dennis T. - Institute for the Study of Labor (IZA) - 2012

Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded 9 percent of GDP. The current paper presents a unified...

Persistent link: https://www.econbiz.de/10010791526

Purchasing Power Parity for Developing and Developed Countries: What Can We Learn from Non-Stationary Panel Data Models?

Drine, Imed; Rault, Christophe - Institute for the Study of Labor (IZA) - 2007

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004 …

Persistent link: https://www.econbiz.de/10005761840

Labor Market Reforms and Current Account Imbalances: Beggar-Thy-Neighbor Policies in a Currency Union?

Baas, Timo; Belke, Ansgar - Institute for the Study of Labor (IZA) - 2014

Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....

Persistent link: https://www.econbiz.de/10010959728

Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness

Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - Institute for the Study of Labor (IZA) - 2009

-euro area imbalances. A panel regression reveals a significant impact of private restructuring and public structural reforms on …

Persistent link: https://www.econbiz.de/10008632737

Testing Weak Cross-Sectional Dependence in Large Panels

Pesaran, M. Hashem - Institute for the Study of Labor (IZA) - 2012

This paper considers testing the hypothesis that errors in a panel data model are weakly cross sectionally dependent … the range [0, 1/4], for all combinations of N and T, and irrespective of whether the panel contains lagged values of the …

Persistent link: https://www.econbiz.de/10010990929

Does the Size of the Effect of Adverse Events at High Ages on Daily-Life Physical Functioning Depend on the Economic Conditions Around Birth?

Scholte, Robert; den Berg, Gerard J. van; Lindeboom, Maarten - Institute for the Study of Labor (IZA) - 2014

This paper considers determinants of physical-functional limitations in daily-life activities at high ages. Specifically, we quantify the extent to which the impact of adverse life events on this outcome is larger in case of exposure to adverse economic conditions early in life. Adverse life...

Persistent link: https://www.econbiz.de/10010884074

Do Business Visits Cause Productivity Growth?

Tani, Massimiliano; Joyeux, Roselyne - Institute for the Study of Labor (IZA) - 2013

The production and diffusion of knowledge have increasingly been seen as potential causes of the observed international differences in total factor productivity and, in turn, as possible sources of economic growth. This paper presents the results of a causality study between business visits and...

Persistent link: https://www.econbiz.de/10010884105

Parents Transmit Happiness along with Associated Values and Behaviors to Their Children: A Lifelong Happiness Dividend?

Headey, Bruce; Muffels, Ruud; Wagner, Gert G. - Institute for the Study of Labor (IZA) - 2012

grown up, moved to their own home and partnered themselves. German panel evidence shows that transmission of (un …-versa, long after the 'children' have left home. Data come from 25 waves of the German Socio-Economic Panel Survey (SOEP, 1984 …-2008). SOEP is the only panel survey worldwide in which data on life satisfaction have been obtained from parents and an adequate …

Persistent link: https://www.econbiz.de/10010884209

Identifying Regional Labor Demand Shocks Using Sign Restrictions

Juessen, Falko; Linnemann, Ludger - Institute for the Study of Labor (IZA) - 2012

We propose using sign restrictions to identify regional labor demand shocks in a panel VAR of US federal states …

Persistent link: https://www.econbiz.de/10010884319

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