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Long memory in US real output per capita

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009

This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...

Persistent link: https://www.econbiz.de/10003850276

Turkey and the EU : politics and economics of accession

Flam, Harry - 2003

This paper discusses political and economic aspects of Turkish accession. Under present rules, Turkey would have the greatest number of council votes within twenty years, and receive the largest budget transfer. Free migration may increase the Turkish immigrant population in Germany from 2 to...

Persistent link: https://www.econbiz.de/10011506471

Transparency, specialization and FDI

Razin, Asaf; Tsadḳah, Efrayim - 2004

We develop a simple information-based model of FDI flows. On the one hand, the relative abundance of intangible capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other...

Persistent link: https://www.econbiz.de/10011402538

Shedding light on the shadow economy : a global database and the interaction with the official one

Medina, Leandro; Schneider, Friedrich - 2019 - 2nd version

estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by … far the lowest with values below 20% of off official GDP and the shadow economy is larger in Latin America and Sub ….9 %. What is really remarkable, that the average decline of the shadow economy from 1991 to 2017 is 6.8 percentage points. The …

Persistent link: https://www.econbiz.de/10012138830

Was Germany ever united? : evidence from intra- and international trade 1885 - 1933

Wolf, Nikolaus (contributor) - 2008

integrated economy, both relative to integration across the borders of the German state and in absolute terms. Second, this …

Persistent link: https://www.econbiz.de/10003771795

Bohemians, human capital, and regional economic growth

Falck, Oliver; Fritsch, Michael; Heblich, Stephan - 2009

An emerging literature on the geography of bohemians argues that a region's lifestyle and cultural amenities explain, at least partly, the unequal distribution of highly qualified people across space, which in turn, explains geographic disparities in economic growth. However, to date, there has...

Persistent link: https://www.econbiz.de/10003861818

The economic effects of federalism and decentralization : a cross-country assessment

Voigt, Stefan; Blume, Lorenz - 2009

This paper explores the idea that institutional details matter and that attempts to estimate the economic effects of federalism by employing a simple dummy variable neglect potentially important institutional details. Based on a principal component analysis, seven aspects of both federalism and...

Persistent link: https://www.econbiz.de/10003882595

Economic nationalism and economic integration : the Austro-Hungarian Empire in the late nineteenth century

Schulze, Max-Stephan; Wolf, Nikolaus - 2009

This paper seeks to reconcile two seemingly contradictory strands in the literature on economic development in the late nineteenth century Habsburg Empire - one emphasizing the centrifugal impact of rising intra-empire of nationalism, the other stressing significant improvements in market...

Persistent link: https://www.econbiz.de/10003888097

Catch me iIf you can : education and catch-up in the industrial revolution

Becker, Sascha O.; Hornung, Erik; Woessmann, Ludger - 2009

Existing evidence, mostly from British textile industries, rejects the importance of formal education for the Industrial Revolution. We provide new evidence from Prussia, a technological follower, where early-19th-century institutional reforms created the conditions to adopt the exogenously...

Persistent link: https://www.econbiz.de/10003888965

Europe's great depression : coordination failure after the first World War

Wolf, Nikolaus - 2010

In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could not exploit her vast economic potential after 1918, because the war had not yet come to an end - indeed it did not end before 1945. Both, domestic and international...

Persistent link: https://www.econbiz.de/10008696770