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Estimations of US debt dynamics: Growth cum debt and the savings glut in Kouri’s model

Ziesemer, Thomas - United Nations University-Maastricht Economic Research … - 2007

productivity as of 1959 of about 350 (320). As a complement to the growth model we estimate the Kouri model using time …

Persistent link: https://www.econbiz.de/10010712028

International R&D spillovers and business service innovation

Foster-McGregor N.; Pöschl J.; Stehrer R. - United Nations University-Maastricht Economic Research … - 2014

A major international transmission channel of productivity increases is trade in intermediate products and services … between industries. Our results using this novel approach indicate significant positive productivity effects from innovation … in knowledge intensive, high technology business services and confirm the productivity effects from international …

Persistent link: https://www.econbiz.de/10011100425

Catching up and lagging behind in a balance-of-payments-constrained dual economy

Lavopa A. - United Nations University-Maastricht Economic Research … - 2014

The success of nations in the path towards economic development hinges heavily on the emergence and dynamism of a modern sector capable of simultaneously absorbing an increasing share of the labour force while reducing the technological gap with the worlds frontier. Failure to do so would...

Persistent link: https://www.econbiz.de/10010798445

Multinational production and trade in an endogenous growth model with heterogeneous firms

Maemir H.; Ziesemer T.H.W. - United Nations University-Maastricht Economic Research … - 2014

production MP in the presence of firm-specific productivity heterogeneity. The model captures the dynamic effects by allowing for …. We show that multinational presence improves average productivity by strengthening the selection process among … heterogeneity always magnifies average productivity, international spillovers and fixed costs of developing a new variety, which …

Persistent link: https://www.econbiz.de/10010779340

Endogenous Economic Growth through Connectivity

Zon, Adriaan van; Mupela, Evans - United Nations University-Maastricht Economic Research … - 2010

In this paper we show the benefits of regional connectivity and specialization to growth. Starting with one region we show how welfare measured by utility per head increases as the number of connected regions increase. We assume a common connectivity infrastructure implemented by satellite,...

Persistent link: https://www.econbiz.de/10010856401

Country terms of trade: Trends, unit roots, over-differencing, endogeneity, time dummies, and heterogeneity

Ziesemer, Thomas - United Nations University-Maastricht Economic Research … - 2011

Abstract. The debate about the Prebisch-Singer thesis has focused on primary commodities with some extensions to manufactures. As we think that the link between the terms of trade and long-run development, growth and convergence is the ability of exports to enhance investment through importing...

Persistent link: https://www.econbiz.de/10010856406

Country Terms of Trade 1960-2012: Trends, unit roots, over-differencing, endogeneity, time dummies, and heterogeneity

Ziesemer T.H.W. - United Nations University-Maastricht Economic Research … - 2014

The debate about the Prebisch-Singer thesis has focused on primary commodities with some extensions to manufactured goods. We analyse trends in country terms-of-trade for goods and services rather than those for commodities according to the World Bank income classification. We find that the...

Persistent link: https://www.econbiz.de/10010856433

Do weak institutions prolong crises? : On the identification, characteristics, and duration of declines during economic slumps

Bluhm, Richard; De Crombrugghe, Denis; Szirmai, Adam - United Nations University-Maastricht Economic Research … - 2013

This paper defines economic slumps as a sequence of structural breaks exhibiting a specific pattern. We identify 58 such episodes between 1950 and 2008 among a large sample of countries, and then examine the phases of decline. In several countries declines last extremely long, and we suggest...

Persistent link: https://www.econbiz.de/10010856482

Growth with Endogenous Migration Hump and the Multiple, Dynamically Interacting Effects of Aid in Poor Developing Countries

Ziesemer, Thomas - United Nations University-Maastricht Economic Research … - 2008

We show empirically that aid given to poor developing countries enhances growth and reduces emigration once several dynamically interacting effects of aid are taken into account in a system of equations. We estimate equations for net immigration flows as a share of the labour force and GDP per...

Persistent link: https://www.econbiz.de/10010712035

Communication costs and trade in Sub-Saharan Africa

Mupela, Evans; Szirmai, Adam - United Nations University-Maastricht Economic Research … - 2012

This paper investigates the effects of connectivity charges (communication costs) on bilateral exports in Sub Saharan Africa (SSA). Data from 19 exporter countries was used together with communication costs data in a gravity model of trade setup. The export data derive from the IMF Direction of...

Persistent link: https://www.econbiz.de/10010712081