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properties of output. The source of the shock matters: while recessions induced by a drop in the price of exportable goods call …
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"The authors compare the two merger control systems currently employed worldwide: a mandatory system based on merger size threshold and a voluntary system with ex-post monitoring and fines. The voluntary system possesses two informational advantages: (i) the enforcement agency employs more...
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"Model uncertainty hampers consensus on the key determinants of economic growth. Some recent cross-country, cross-sectional analyses have employed Bayesian Model Averaging to address the issue of model uncertainty. This paper extends that approach to panel data models with country-specific fixed...
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performance, evolving patterns of specialization, Romania's competitiveness in EU sunrise markets, changes in factor intensities … of trade with the EU, and 'intra-product' trade, Kaminski and Ng conclude that Romania's export offer has become … maintaining macroeconomic stabilty and keeping wage increases in line with productivity growth, as well as increasing Romania …
Persistent link: https://www.econbiz.de/10010522884
"Javorcik, Saggi, and Spatareanu use a firm-level panel data set from Romania to examine whether the nationality of … cover some but not other source economies. In this case, the Association Agreement signed between Romania and the European … American or Asian multinationals. Therefore, one would expect that American and Asian investors source more from Romania than …
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