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Migrants and Firms : Evidence from China
Imbert, Clément - 2019
price shocks. Following a migrant inflow, labor costs decline and employment expands. Labor productivity decreases sharply … migration mostly benefits low- productivity firms within locations. As migrants select into high-productivity destinations …, migration however strongly contributes to the equalization of factor productivity across locations …
Persistent link: https://www.econbiz.de/10012892144
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Sectoral Okun's Law and Cross-Country Cyclical Differences
Goto, Eiji - 2020
US, the UK, Japan, and Switzerland to test several hypotheses that may explain why the aggregate Okun's coeffcients are …
Persistent link: https://www.econbiz.de/10012841145
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Inflation and GDP Dynamics in Production Networks : A Sufficient Statistics Approach
Afrouzi, Hassan; Bhattarai, Saroj - 2023
We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian economies with arbitrary input-output linkages. Analytically, we decompose how production linkages (1) amplify the persistence of inflation and GDP responses to monetary and...
Persistent link: https://www.econbiz.de/10014356604
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Revisions of Potential Output Estimates in the EU after the Great Recession
Dovern, Jonas - 2019
labor, and trend total-factor productivity (TFP). Initially, trend TFP revisions contribute most to the overall PO revisions …
Persistent link: https://www.econbiz.de/10012866365
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Inflation and Output Dynamics in a Model with Labor Market Search and Capital Accumulation
Heer, Burkhard; Maußner, Alfred - 2021
In a sticky-price model with labor market search and habit persistence, Walsh (2005) shows that inertia in the interest rate policy helps to reconcile the inflation and output persistence with empirical observations for the US economy. We show that this finding is sensitive with regard to the...
Persistent link: https://www.econbiz.de/10013316997
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Quarterly GDP Estimates for the German States : New Data for Business Cycle Analyses and Long-Run Dynamics
Lehmann, Robert; Wikman, Ida - 2023
To date, only annual information on economic activity is published for the 16 German states. In this paper, we calculate quarterly regional GDP estimates for the period between 1995 to 2021, thereby improving the regional database for Germany. The new data set will regularly be updated when...
Persistent link: https://www.econbiz.de/10014260700
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The Devil is in the Shadow : Do Institutions Affect Income and Productivity or Only Official Income and Official Productivity?
Dreher, Axel; Méon, Pierre-Guillaume; Schneider, Friedrich - 2021
This paper assesses the relationship between institutions, output, and productivity, when official output is corrected … output and total factor productivity, and its negative impact on the size of the underground economy. However, once output is … total ("corrected") factor productivity even becomes insignificant. Differences in corrected output must then be attributed …
Persistent link: https://www.econbiz.de/10013316690
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Business Cycle Narratives
Larsen, Vegard - 2019
relevant to business cycles in the US, Japan, and Europe. We do so by first constructing quantitative measures of narratives …
Persistent link: https://www.econbiz.de/10012892114
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Asset ownership and foreign-market entry
Raff, Horst; Ryan, Michael; Stähler, Frank - 2006
This paper examines the link between a firm's ownership of productive assets and its choice of foreign-market entry strategy. We find that, controlling for industry- and country-specific characteristics, the most productive firms (i.e., those owning the most assets) will enter through greenfield...
Persistent link: https://www.econbiz.de/10010261423
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Forecasting Regional Industrial Production with High-Frequency Electricity Consumption Data
Lehmann, Robert; Möhrle, Sascha - 2022
In this paper, we study the predictive power of electricity consumption data for regional economic activity. Using unique weekly and monthly electricity consumption data for the second-largest German state, the Free State of Bavaria, we conduct a pseudo out-of-sample forecasting experiment for...
Persistent link: https://www.econbiz.de/10014077188