Showing 1 - 10 of 693
This paper offers a reappraisal of the impact of migration on economic growth for 22 OECD countries between 1986 … capital on GDP per capita, and second, a permanent increase in migration ows has a positive effect on productivity growth …. However, the growth impact of immigration is small even in countries that have highly selective migration policies. …
Persistent link: https://www.econbiz.de/10010531867
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries …-step System GMM panel growth models indicate that the coefficients for real exchange rate misalignment are positive for different …-run growth. The estimated coefficients are higher for developing and emerging countries. …
Persistent link: https://www.econbiz.de/10010270496
We revisit the relationship between financial development and economic growth in a panel of 52 middle income countries … financial development does not have a linear positive long-run impact on economic growth in this sample. When we consider a non …-linear relationship between financial development and growth, we find an inverted U-shaped relationship between finance and growth in the …
Persistent link: https://www.econbiz.de/10010352371
the relationship between economic growth and income inequalities. The main objective is to understand how the GDP and GNI … economic growth with the market and disposable Gini indexes, the Palma and S80S20 ratios, and the income of the wealthier 10 … possibility to promote GNI per capita increasing policies, which could lead to higher economic growth while minimizing income …
Persistent link: https://www.econbiz.de/10014290064
the relationship between economic growth and income inequalities. The main objective is to understand how the GDP and GNI … economic growth with the market and disposable Gini indexes, the Palma and S80S20 ratios, and the income of the wealthier 10 … possibility to promote GNI per capita increasing policies, which could lead to higher economic growth while minimizing income …
Persistent link: https://www.econbiz.de/10014264446
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollar-euro exchange rate on...
Persistent link: https://www.econbiz.de/10010273784
This paper presents further empirical evidence on the relationship between black market and official exchange rates in six emerging economies (Iran, India, Indonesia, Korea, Pakistan, and Thailand). First, it applies both time series techniques and heterogeneous panel methods to test for the...
Persistent link: https://www.econbiz.de/10010264020
In this paper we revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we develop a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our...
Persistent link: https://www.econbiz.de/10010264207
We examine the daily exchange rate dynamics in selected new EU member states (Czech Republic, Hungary, Poland, Romania, and Slovakia) using GARCH and TARCH models between 1999 and 2006. Despite these countries adopted inflation targeting regime, they occasionally tried to manage their exchange...
Persistent link: https://www.econbiz.de/10010264218
convergence in Europe. Panel estimations reveal a robust negative relationship between exchange rates and wage growth. This …
Persistent link: https://www.econbiz.de/10010264496