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We study the effects of immigration on native welfare in a general equilibrium model featuring two skill types, search frictions, wage bargaining, and a redistributive welfare state. Our quantitative analysis suggests that, in all 20 countries studied, immigration attenuates the effects of...
Persistent link: https://www.econbiz.de/10010418118
trace cyclical deviations of real exchange rates from the productivity-driven equilibrium path. Panel estimations for the … Europe ; EMU accession ; panel model …
Persistent link: https://www.econbiz.de/10003897541
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institutional variables? In this paper, we generalize F&R's geography-based empirical strategy to a panel setting. We observe that … in panel setups where it is possible to fully control for geographical and historical determinants of countries … disasters ; instrumental variable estimation ; panel econometrics …
Persistent link: https://www.econbiz.de/10009240715
our panel data analysis, in which venture capital turns out to be a significant institutional variable. …
Persistent link: https://www.econbiz.de/10011398923
We argue that, under certain conditions, firms consider exports as a substitute for domestic demand. Our econometric model for six euro area countries suggests domestic demand and capacity constraints as additional variables for export equations. We apply the exponential and logistic variant of...
Persistent link: https://www.econbiz.de/10011300368