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The contribution of human capital and its policies to per capita income in Europe and the OECD
Égert, Balázs; Botev, Jarmila; Turner, David - 2020
This paper studies empirically the effect of education policies on human capital and per capita income. The results suggest for European and OECD countries that higher attendance at pre-primary education, greater autonomy of schools and universities, a lower student-to-teacher ratio, higher age...
Persistent link: https://www.econbiz.de/10012388211
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Consolidating the Covid debt
Keuschnigg, Christian; Johs, Julian; Stevens, Jacob - 2021
One of the main functions of public debt is to smooth taxes and spending over time. In the Covid crisis, the Maastricht deficit restrictions were temporarily suspended to allow for large temporary deficits. As recovery sets in, countries are confronted with the task of consolidating the Covid...
Persistent link: https://www.econbiz.de/10012796971
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Price dispersion in the Euro Area : the case of a symmetric oil price shock
Carstensen, Kai; Hülsewig, Oliver; Wollmershäuser, Timo - 2009
area inflation ; heterogeneity ; panel VAR model …
Persistent link: https://www.econbiz.de/10003871916
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A third benefit of joint non-OPEC carbon taxes : transferring OPEC monopoly rent
Yan, Dong; Whalley, John - 2009
This paper highlights the potential for joint OECD (or non-OPEC) carbon taxes to reduce OPEC's monopoly rent and provide benefit to non-OPEC countries provided jointly agreed trigger strategies are adhered to. In traditional economic theory, the primary purpose of a carbon tax is to internalize...
Persistent link: https://www.econbiz.de/10003872304
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Macroeconomic consequences of distributional conflicts
Schäfer, Andreas (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003498586
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Regulation, institutions, and productivity : new macroeconomic evidence from OECD countries
Égert, Balázs - 2017
Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but surprisingly little research has been conducted on the determinants of MFP at the macroeconomic level. In this paper, we seek to understand the drivers of country-level MFP with a...
Persistent link: https://www.econbiz.de/10011624243
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Oil prices and the global economy : is it different this time around?
Mohaddes, Kamiar; Pesaran, M. Hashem - 2016
fall in oil prices tends relatively quickly to lower interest rates and inflation in most countries, and increase global …
Persistent link: https://www.econbiz.de/10011502542
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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation … significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …
Persistent link: https://www.econbiz.de/10003897747
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Lower oil prices and the U.S. economy : is this time different?
Baumeister, Christiane; Kilian, Lutz - 2017
We explore the effect on U.S. real GDP growth of the sharp and sustained decline in the global price of crude oil and hence in the U.S. price of gasoline after June 2014. Our analysis suggests that this decline produced a cumulative stimulus of about 0.9 percentage points of real GDP growth by...
Persistent link: https://www.econbiz.de/10011601181
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Coping with change : international differences in the returns to skills
Hanushek, Eric Alan; Schwerdt, Guido; Wiederhold, Simon; … - 2016
Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have...
Persistent link: https://www.econbiz.de/10011544331