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Business Cycles in Emerging Economies: The Role of Interest Rates
Neumeyer, Pablo Andrés; Perri, Fabrizio - C.E.P.R. Discussion Papers - 2004
We find that in a sample of emerging economies business cycles are more volatile than in developed ones, real interest rates are countercyclical and lead the cycle, consumption is more volatile than output and net exports are strongly countercyclical. We present a model of a small open economy,...
Persistent link: https://www.econbiz.de/10005656244
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Poultry in Motion: A Study of International Trade Finance Practices
Antràs, Pol; Foley, C. Fritz - C.E.P.R. Discussion Papers - 2011
This paper analyzes the financing terms that support international trade and sheds light on how and why these … arrangements affect trade. Using detailed transaction level data from a U.S. based exporter of frozen and refrigerated food … patterns help discipline a model in which the trade finance mode is shaped by the risk that an importer defaults on an exporter …
Persistent link: https://www.econbiz.de/10009131674
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Corporate Cash and Employment
Bacchetta, Philippe; Benhima, Kenza; Poilly, Céline - C.E.P.R. Discussion Papers - 2014
In the aftermath of the U.S. financial crisis, both a sharp drop in employment and a surge in corporate cash have been observed. In this paper, based on U.S. data, we document that the negative relationship between the corporate cash ratio and employment is systematic, both over time and across...
Persistent link: https://www.econbiz.de/10011145443
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Industries at the World Technology Frontier: Measuring R&D Efficiency in a Non-Parametric DEA Framework
Schmidt-Ehmcke, Jens; Zloczysti, Petra - C.E.P.R. Discussion Papers - 2011
manufacturing. Using a unique industry dataset compiled from EU KLEMS and PATSTAT, it explores which countries and industries reveal … Denmark have the highest R&D efficiency on average in total manufacturing. However, sector-specific efficiency scores reveal …
Persistent link: https://www.econbiz.de/10009321843
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Human Capital and Productivity in Manufacturing during the Twentieth Century: Britain, Germany and the United States
Broadberry, Stephen N; Wagner, Karin - C.E.P.R. Discussion Papers - 1994
environment. British manufacturing also adopted an American style `mission oriented' approach to R&D in contrast to the German …
Persistent link: https://www.econbiz.de/10005136671
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Wage Gaps and Job Sorting in African Manufacturing
Benhassine, Najy; Fafchamps, Marcel; Söderbom, Måns - C.E.P.R. Discussion Papers - 2006
Using matched employer-employee data from eleven African countries, we investigate if there is job sorting in African labor markets. We find that much of the wage gap correlated with education is driven by selection across occupations and firms. This is consistent with educated workers being...
Persistent link: https://www.econbiz.de/10005136733
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TFP Growth in British and German Manufacturing, 1950-96
Crafts, Nicholas; Mills, Terence C - C.E.P.R. Discussion Papers - 2001
The Paper considers the accuracy of traditional TFP growth estimates using an econometric methodology which takes account of scale economies, fixed factors of production and adjustment costs to reveal underlying ‘pure technological change’. The results suggest that these biases vary...
Persistent link: https://www.econbiz.de/10005067403
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European Integration and Trade Flows
Neven, Damien J; Röller, Lars-Hendrik - C.E.P.R. Discussion Papers - 1990
We study a model of intra-European trade flows and trade between Europe and the rest of the world for 29 manufacturing … expense of world integration. We also use an econometric model to investigate the factors underlying European trade flows and …
Persistent link: https://www.econbiz.de/10005281323
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Price Competition, Innovation and Profitability: Theory and UK Evidence
Symeonidis, George - C.E.P.R. Discussion Papers - 2001
&D-intensive manufacturing industries, while it caused a significant rise in concentration in these industries. In the short run profitability …
Persistent link: https://www.econbiz.de/10005666839
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Manufacturing and the Convergence Hypothesis: What the Long Run Data Show
Broadberry, Stephen N - C.E.P.R. Discussion Papers - 1992
manufacturing sector, where there is evidence of a much greater degree of stationarity of comparative labour productivity … manufacturing suggest that convergence of GDP per worker must have occurred through trends in other sectors and through …
Persistent link: https://www.econbiz.de/10005788874