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Services trade and economic growth in India: an analysis in the post-reform period
Dash, Ranjan Kumar; Parida, Purna Chandra - In: International Journal of Economics and Business Research 4 (2012) 3, pp. 326-345
Services sector in India contributes more than 60% of the overall gross domestic product (GDP) and more than 40% of … imports) in economic growth of India using autoregressive distributed lag and vector error correction model (VECM) methodology …-led growth in India during the post-reform period. …
Persistent link: https://www.econbiz.de/10010669664
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When Labor Disputes Bring Cities to a Standstill: The Impact of Public Transit Strikes on Traffic, Accidents, Air Pollution, and Health
Bauernschuster, Stefan; Hener, Timo; Rainer, Helmut - CESifo - 2015
effects of public transit strikes on urban populations in Germany. Due to higher traffic volumes and longer travel times …
Persistent link: https://www.econbiz.de/10011265260
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Fly or Cry: Is Airport Noise Costly?
Nitsch, Volker - CESifo - 2009
Airport noise is costly. Airport location is typically associated with lower property prices. Airport expansion often sparks protests by local residents. In this paper, I provide new evidence on the costs of airport-related noise (and other disamenities of airports) for individuals. In contrast...
Persistent link: https://www.econbiz.de/10005029263
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Target Balances and the German Financial Account in Light of the European Balance-of-Payments Crisis
Sinn, Hans-Werner; Wollmershäuser, Timo - CESifo - 2012
As shown in Sinn and Wollmershäuser (2012a), during the European balance-of-payments crisis, inter-governmental credit and Target credit granted by core-country central banks have replaced private international capital flows in financing the crisis countries' current account deficits, and even...
Persistent link: https://www.econbiz.de/10010814462
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Impact of GDP volatility on current account balances
MichaÅ‚ Brzozowski; Prusty, Sadananda - In: International Journal of Economics and Business Research 5 (2013) 3, pp. 239-252
This paper reports on an empirical investigation of the impact of GDP volatility on current account balances for a large sample of developed and developing countries. We extend the standard set of short- and long-term determinants of current accounts to include GDP volatility computed from the...
Persistent link: https://www.econbiz.de/10010669617
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Target Losses in Case of a Euro Break-up
Sinn, Hans-Werner - CESifo - 2012
Evaluation of the financial costs of a Eurozone breakup depends critically on the interpretation of TARGET balances. While it has been argued that TARGET claims in the Eurozone can be written off without incurring any losses on the claimants as the value of fiat money is independent of the...
Persistent link: https://www.econbiz.de/10010592825
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Target Loans, Current Account Balances and Capital Flows: The ECB’s Rescue Facility
Sinn, Hans-Werner; Wollmershäuser, Timo - CESifo - 2011
The European Monetary Union is stuck in a severe balance of payments crisis. Greece, Ireland, Portugal and Spain in particular have suffered from balance of payment deficits whose accumulated value, as measured by the Target balances in the national central banks’ balance sheets, was 314...
Persistent link: https://www.econbiz.de/10009150656
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Are reserve holdings in emerging Asian countries excessive? - The intertemporal balance perspective
Yan, Ho-Don; Tsong, Ching-Chuan - In: International Journal of Economics and Business Research 6 (2013) 3, pp. 304-323
Under the assumption of intertemporal balance, current foreign reserve holdings should equal the present value of the sum of future current account and financial account balances. To satisfy the intertemporal balance, a testable condition indicates that the change in foreign reserves needs to...
Persistent link: https://www.econbiz.de/10010691759
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Captive offshoring by US multinationals: measuring the domestic employment impacts of vertical FDI
Mullen, J.K.; Williams, Martin - In: International Journal of Economics and Business Research 4 (2012) 1/2, pp. 21-34
The complex nature of ‘international outsourcing’ makes it difficult to quantify its employment and broader impacts on national economies. Indeed, available evidence on the extent of ‘offshoring’ by US firms is scant, rendering analyses of its economic impacts as...
Persistent link: https://www.econbiz.de/10011130192
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Exploring the nexus between urbanisation, services sector expansion, aid and growth in Fiji
Kumar, Ronald Ravinesh - In: International Journal of Economics and Business Research 5 (2013) 2, pp. 128-146
The study explores the contributory powers of urbanisation, services sector expansion and development assistance on per worker income in Fiji over the periods 1981-2009 using the ARDL bounds approach. The results show that sectors like tourism, information and communications technology,...
Persistent link: https://www.econbiz.de/10010816764