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Catching-Up and Inflation in Europe : Balassa-Samuelson, Engel's Law and Other Culprits
Égert, Balázs - 2013
This study analyses the impact of economic catching-up on annual inflation rates in the European Union with a special focus on the new member countries of Central and Eastern Europe. Using an array of estimation methods, we show that the Balassa-Samuelson effect is not an important driver of...
Persistent link: https://www.econbiz.de/10013094566
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The Great Divergence : A Network Approach
Lindner, Ines - 2016
We present a multi-country theory of economic growth in which countries are connected by a network of mutual knowledge exchange. Knowledge in any country depends on the human capital of the countries it exchanges knowledge with. The diffusion of knowledge throughout the world explains a period...
Persistent link: https://www.econbiz.de/10013001168
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The Determinants of Economic Growth in European Regions
Cuaresma, Jesús Crespo - 2009
We use Bayesian Model Averaging (BMA) to evaluate the robustness of determinants of economic growth in a new dataset of 255 European regions in the 1995-2005 period. We use three different specifications based on (1) the cross-section of regions, (2) the cross-section of regions with country...
Persistent link: https://www.econbiz.de/10012765299
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Transportation Costs and the Great Divergence
Azarnert, Leonid V. - 2014
This work shows the asymmetric effect of the reduction in transportation costs across different sectors in the process of the Great Divergence. Specifically, the analysis indicates that reductions in transportation costs of industrial goods enhance convergence of the growth rates of trading...
Persistent link: https://www.econbiz.de/10013054015
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Discounting, Inequalities and Economic Convergence
Gollier, Christian - 2013
The aim of this paper is to examine the impact of inequalities and economic convergence on the efficient discount rate, in the absence of any risk-sharing scheme. We consider an economy in which the initial consumption level and the distribution of consumption growth are heterogeneous. The...
Persistent link: https://www.econbiz.de/10013094078
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Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms
Bauer, Christian - 2011
drives low-productivity firms from the small country's home market, replacing them with high-productivity exporters from … abroad. This endogenous policy response creates a selection effect that increases the average productivity of home firms when …
Persistent link: https://www.econbiz.de/10013120658
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The Dynamics of Comparative Advantage
Hanson, Gordon H. - 2015
extension of our approach to multivariate diffusions, in which one can permit innovations to productivity to be transmitted …
Persistent link: https://www.econbiz.de/10013009768
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The Impact of Trade on Employment, Welfare, and Income Distribution in Unionized General Oligopolistic Equilibrium
Egger, Hartmut - 2010
productivity differences, the model features profit and wage differentials across industries. We use this setting to study the …
Persistent link: https://www.econbiz.de/10013149008
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Market Access and the Evolution of Within Plant Productivity in Chile
Bas, Maria; Ledezma, Ivan - 2021
This paper studies the impact of trade reforms on the evolution of plant's productivity in Chile (1979-2000). The main … oriented policies. We find evidence of a positive impact of export oriented policies on productivity of traded sectors relative … to non traded. On the other hand, the reduction of import barriers might have a positive impact on productivity in export …
Persistent link: https://www.econbiz.de/10013316878
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Granularity in Banking and Growth : Does Financial Openness Matter?
Bremus, Franziska - 2013
We explore the impact of large banks and of financial openness for aggregate growth. Large banks matter because of granular effects: if markets are very concentrated in terms of the size distribution of banks, idiosyncratic shocks at the bank-level do not cancel out in the aggregate but can...
Persistent link: https://www.econbiz.de/10013077036