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The real exchange rate in the long run : Balassa-Samuelson effects reconsidered
Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014
Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …
Persistent link: https://www.econbiz.de/10010374513
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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 (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003624047
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The economic effects of constitutions : replicating - and extending - Persson and Tabellini
Blume, Lorenz; Müller, Jens; Voigt, Stefan; Wolf, Carsten - 2007
Persistent link: https://www.econbiz.de/10003498675
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International capital market integration, educational choice and economic growth
Egger, Hartmut; Egger, Peter; Falkinger, Josef; … - 2005
things equal. Increased participation in higher education enhances productivity progress and is accompanied by rising wage … thereby fosters economic growth. We apply a structural estimation approach to fully track the endogenous mechanisms of the …
Persistent link: https://www.econbiz.de/10003299332
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Reconsidering the price-income relationship across countries
Fujii, Eiji - 2013 - This version: February 2013
positive price-income association is attributable, at least partly, to the Balassa-Samuelson productivity differential effect …
Persistent link: https://www.econbiz.de/10009707555
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Trade, finance and endogenous firm heterogeneity
Bonfiglioli, Alessandra; Crinò, Rosario; Gancia, Gino … - 2016 - This draft: March 2016
We study how financial frictions affect firm-level heterogeneity and trade. We build a model where productivity …
Persistent link: https://www.econbiz.de/10011447515
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Dualism and cross-country growth regressions
Temple, Jonathan; Woessmann, Ludger - 2004
factor productivity. The paper develops empirical growth models that allow for this effect in a more flexible way than …
Persistent link: https://www.econbiz.de/10011451098
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The Ifo Investment Database
Strobel, Thomas; Sauer, Stefan; Wohlrabe, Klaus - 2013
In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in 50 German industries from 1991 onward. The data is consistent with national accounts statistics provided by the German Federal Statistical Office and is based on investments in...
Persistent link: https://www.econbiz.de/10009721990
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Do stringent environmental policies deter FDI? : M&A versus Greenfield
Bialek, Sylwia; Weichenrieder, Alfons J. - 2015
This study examines how environmental stringency affects the location decision of foreign direct investments. We analyze a firm-level data set on German outbound FDI and innovate on previous studies by controlling for the mode of entry and applying the mixed-logit analysis. The results show that...
Persistent link: https://www.econbiz.de/10010496988
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Working time reduction and employment in a finite world
Fagnart, Jean-François; Germain, Marc; Van der Linden, … - 2021
We study the consequences of a working time reduction (WTR hereafter) in a growth model with efficiency wages and an essential natural resource (natural capital). Considering that technical progress cannot reduce the resource content of final production to zero, we show that the effects of a WTR...
Persistent link: https://www.econbiz.de/10012643552