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inefficient matching. Hypothesis 2 (H2) is that unemployment is caused by low demand. Hypothesis 3 (H3) is that restructuring is … returns to scale in matching and unemployment appears to be driven by restructuring and low demand. The East German case is … complex because of its major active labor market policies and a negative trend in efficiency in matching. In some sense, East …
Persistent link: https://www.econbiz.de/10011394104
"The author presents evidence that balance sheet effects are critical determinants of both the likelihood of a crisis and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis. Both models predict that the occurrence of a balance of...
Persistent link: https://www.econbiz.de/10010522552
Persistent link: https://www.econbiz.de/10010523081
A number of countries have introduced or are considering the introduction of a trade information portal as a means of facilitating trade and increasing transparency. For World Trade Organization (WTO) members or countries in the process of acceding to the WTO, a trade information portal will...
Persistent link: https://www.econbiz.de/10012560994
Morocco strives to reach a similar per capita income level to that of upper-middle income countries, and to reduce unemployment, which particularly affects women and youth. To meet these goals, the government recognizes the need to shift from a low-technology economy with a strong agricultural...
Persistent link: https://www.econbiz.de/10012248113
"It is so widely recognized that innovation is a key driver of economic growth that it is cliche to say so. This article studies product innovation by firms with data from 68 countries, covering more than 25,000 firms in eight manufacturing sectors. The author assesses the predictions of...
Persistent link: https://www.econbiz.de/10011394134
"The author assesses empirically the relationship between natural disaster risk and investment in education. Although the results in the empirical literature tend to be inconclusive, using model averaging methods in the framework of cross-country and panel regressions, this paper finds an...
Persistent link: https://www.econbiz.de/10011394156
"Empirical evidence suggests that the higher-order effects of natural disasters, which affect intangible assets, may be even more important than the material inter-industry effects. However, most existing general equilibrium models ignore higher order effects concerning human capital. Moreover,...
Persistent link: https://www.econbiz.de/10011394168
"The authors provide various estimates of the government net capital stocks for a panel of 26 developing countries over the period 1970-2001. Two kinds of internationally comparable series of public capital stocks are presented. The first estimates are based on the standard perpetual inventory...
Persistent link: https://www.econbiz.de/10010522202
"A rapidly growing empirical literature is studying the causes and consequences of bank fragility in contemporary economies. The authors reviews the two basic methodologies adopted in cross-country empirical studies-the signals approach and the multivariate probability model-and their...
Persistent link: https://www.econbiz.de/10010522481