Showing 1 - 10 of 41
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on what makes German regions grow. The paper finds that the relative income distribution appears to be stratifying into a trimodal...
Persistent link: https://www.econbiz.de/10001653763
The paper sets up a two-region endogenous growth model to discuss growth and regional convergence of unified Germany. It emphasises the role of private and public capital accumulation during the developing process. The theoretical part derives fiscal policy rules which establish convergence of...
Persistent link: https://www.econbiz.de/10013361013
We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on the growth of West German regions. The paper finds that the relative income distribution appears to be stratifying into a...
Persistent link: https://www.econbiz.de/10010295576
The paper bases itself on recent theoretical writings in growth economics that empha-size the effects of both own R&D efforts and of interregional technology spillovers on regions´ productivity. We propose robust estimation techniques to evaluate the R&D spillovers across West German functional...
Persistent link: https://www.econbiz.de/10010295614
The People's Bank of China (PBoC) has taken numerous measures to cushion the impacts of the COVID-19 health crisis on … pricing signals, we employ a dynamic-factor modeling approach to derive an indicator of China's monetary policy stance. Our …
Persistent link: https://www.econbiz.de/10012614234
In light of the recent tit-for-tat trade dispute between China and the US, interest in quantifying the effects of the … China and the US, trade diversion effects are also analyzed. The model-based analysis finds noticeable positive (negative …) impacts of the agreement for the US (China) as well as negative spillover effects for countries not directly affected by the …
Persistent link: https://www.econbiz.de/10012815318
restrictions, while China's could be strengthened. …
Persistent link: https://www.econbiz.de/10013454151
Given that the value of China s currency has been hot topic recently, this paper explores the equilibrium levels of … China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the behavioral equilibrium …
Persistent link: https://www.econbiz.de/10012148475
costs.In this paper we examine the empirical relevance of the NKPC for mainland China.The empirical results indicate that an … provides useful insights into the nature of inflation dynamics in mainland China as well as useful insights for the conduct of …
Persistent link: https://www.econbiz.de/10012148489
We present a new composite leading indicator of economic activity in mainland China, estimated using a dynamic factor …
Persistent link: https://www.econbiz.de/10012148509