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Demographic Structure and Macroeconomic Trends
Aksoy, Yunus; Basso, Henrique S.; Smith, Ron; Grasl, Tobias - 2021
The effect of changes in demographic structure on medium-run trends of key macroeconomic variables is estimated using a Panel VAR of 21 OECD economies. The panel data variability assists the identification of direct effects of demographics, while the dynamic structure uncovers long-term effects....
Persistent link: https://www.econbiz.de/10013315503
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Ageing and Productivity Growth : Are There Macro-Level Cohort Effects of Human Capital?
Werding, Martin - 2021
demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10013316605
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Bank Networks : Contagion, Systemic Risk and Prudential Policy
Aldasoro, Iñaki - 2015
sale externalities. The resulting network configurations exhibits a core-periphery structure, dis-assortative behavior and …
Persistent link: https://www.econbiz.de/10013028909
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An Empirical Growth Model for Major Oil Exporters
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2021
This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the 'Dutch disease' and the 'resource curse', which primarily focuses on...
Persistent link: https://www.econbiz.de/10013315924
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Optimal Higher Education Enrollment and Productivity Externalities in a Two-Sector Model
Meier, Volker; Schiopu, Ioana C. - 2021
acquiring human capital. Both sectors exhibit productivity externalities in the size of the skill-specific labor and in the …We investigate externalities in higher education enrollment over the course of development in a two-sector model. Each …
Persistent link: https://www.econbiz.de/10013315884
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Cross-Country Relative Price Volatility : Effects of Market Structure
Cheung, Yin-Wong; Fujii, Eiji - 2021
Using annual data on nine manufacturing sectors of eighteen OECD countries, the article studies the implications of market structure for cross-country relative price variability. It is found that, in accordance with predictions from a standard markup pricing model, reductions in market...
Persistent link: https://www.econbiz.de/10013318560
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The Efficiency of Educational Production : A Comparison of the Nordic Countries with Other OECD Countries
Bogetoft, Peter - 2015
Focusing in particular on upper secondary education, this paper examines whether the relatively high level of expenditure on education in the Nordic countries is matched by high output from the educational sector, both in terms of student enrolment and indicators of output quality in the form of...
Persistent link: https://www.econbiz.de/10013013696
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Aggregate Multi-Factor Productivity : Measurement Issues in OECD Countries
Égert, Balázs - 2018
This paper analyses for 34 OECD countries the extent to which the calculation of aggregate multi-factor productivity …
Persistent link: https://www.econbiz.de/10012920760
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The Quantification of Structural Reforms : Extending the Framework to Emerging Market Economies
Égert, Balázs - 2018
This paper estimates and quantifies the impact of structural reforms on per capita income for a large set of OECD and non-OECD countries. The findings suggest that the quality of institutions matters to a large extent for economic outcomes. More competition-friendly regulations, as measured by...
Persistent link: https://www.econbiz.de/10012920765
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Experience, Innovation and Productivity - Empirical Evidence from Italy's Slowdown
Daveri, Francesco - 2010
We investigate the role of workers' and managerial experience as a determinant of firm innovation and productivity in a … innovation and productivity. The effect of managerial experience measured by age on firm performance depends instead on the type … of firm: high age of managers and board members is bad for innovation and productivity growth, while costs and benefits …
Persistent link: https://www.econbiz.de/10013141023