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Discrepancies between Purchasing Power Parities and Exchange Rates under the Law of One Price: A Puzzle (partly) Explained?
Podkaminer, Leon - Wiener Institut für Internationale … - 2010
European Comparison Project data (years 1999-2008) are used for an estimation of cross-country systems (AIDS) of consumer demand functions defined over durable and non-durable tradable goods and non-tradable services. General exchange equilibrium models of inter-EU trade generate equalized...
Persistent link: https://www.econbiz.de/10008690323
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Sectoral Productivity, Density and Agglomeration in the Wider Europe
Foster-McGregor, Neil; Stehrer, Robert - Wiener Institut für Internationale … - 2008
In this paper we extend the agglomeration model of Ciccone (2002) to the level of industry. We then test this model using panel data for six sectors on regional level data for 27 EU member states. Our results for the aggregate economy confirm the estimates of Ciccone (2002). For our full sample...
Persistent link: https://www.econbiz.de/10005321917
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Broader-based Growth Resilient to Global Uncertainties
Astrov, Vasily; Bosnic, Zlatko; Gligorov, Vladimir; … - Wiener Institut für Internationale … - 2006
quarter of 2006 than in 2005. Investment accelerated sharply and industry is proving buoyant. Labour productivity has …
Persistent link: https://www.econbiz.de/10009492715
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Back from the Peak, Growth in Transition Countries Returns to Standard Rate of Catching-up
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2005
; quite an abrupt deterioration in industrial labour productivity; and real currency appreciation and a resulting strong rise …
Persistent link: https://www.econbiz.de/10009492721
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Strong Growth, Driven by Exports in the NMS and by Consumption in the Future EU Members
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2006
In 2005 most of the new EU member states (NMS) performed even better than in 2004. They have successfully managed the accession to the EU and gained the ability to grow fast despite the anaemic performance of the old EU. FDI inflows reached a record high. In the coming two years, economic...
Persistent link: https://www.econbiz.de/10009492722
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As East You Go, the More They Grow: Transition Economies in a New Setting
Gligorov, Vladimir; Pöschl, Josef; Richter, Sandor - Wiener Institut für Internationale … - 2004
This wiiw report reviews the economic situation in the new EU member states, in the countries of Southeast Europe, in Belarus, Russia and Ukraine as well as in China. For each country, it provides a forecast relating to GDP growth, inflation, unemployment and current accounts in 2004 and 2005....
Persistent link: https://www.econbiz.de/10009649588
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Transition Countries on the Eve of EU Enlargement
Podkaminer, Leon - Wiener Institut für Internationale … - 2004
and institutional adaptations, as well as ongoing gains in labour productivity remain important for maintaining export …
Persistent link: https://www.econbiz.de/10009649590
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Accelerating GDP Growth, Improved Prospects for European Integration
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2005
) - continues to shed labour. This implies impressive gains in labour productivity and, given the general wage restraint, in unit … productivity and quality improvements this danger is not imminent in most NMS yet. Still the exchange rate developments should be …
Persistent link: https://www.econbiz.de/10009649596
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Structural Change, Productivity and Employment in the New EU Member States
Havlik, Peter - Wiener Institut für Internationale … - 2005
Eastern Europe (NMS). It analyses structural changes in the NMS' economies and patterns of productivity catching-up both at … productivity catching-up, both at the macroeconomic level and in the manufacturing industry in particular. Yet in most NMS the … growth of labour productivity went hand in hand with declining employment, and even with considerable job losses in the …
Persistent link: https://www.econbiz.de/10009649617
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Macroeconomic and Sectoral Aspects of Hungary's International Competitiveness and Trade Performance on EU Markets
Oblath, Gábor; Richter, Sandor - Wiener Institut für Internationale … - 2002
competitiveness. First of all, labour productivity, particularly in manufacturing, grew at an outstanding rate, mainly due to FDI … other transition countries and gains in domestic productivity. As a consequence, the real exchange rate index based on unit … positive changes in relative productivity and costs. In the second half of the 1990s, Hungary's trade share on EU markets (in …
Persistent link: https://www.econbiz.de/10009649625