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economic growth. The model is estimated using quarterly data for Germany, the UK and the US from 1960 to 1999. Our econometric …
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This chapter looks at the UK s privatisation experiment, which began from the late 1970s. It considers the background … to the UK s privatisations, which industries were privatised and how, and summarises the results of studies of … performance changes in privatised companies in the UK. It looks at the relative roles of competition, regulation and ownership …
Persistent link: https://www.econbiz.de/10011402692
On 23 June 2016, the British electorate voted to leave the European Union. We analyze vote and turnout shares across 380 local authority areas in the United Kingdom. We find that exposure to the EU in terms of immigration and trade provides relatively little explanatory power for the referendum...
Persistent link: https://www.econbiz.de/10011646454
The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and aggregation biases. Ours is among the first papers to address both of these issues by means of causality analysis and by accounting for human capital endowments. Our analysis confirms...
Persistent link: https://www.econbiz.de/10011646817
Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive …
Persistent link: https://www.econbiz.de/10012029070
-level data on thousands of respondents in Understanding Society, the UK's largest household survey, which includes the EU … fallacy. In addition, we show that prediction accuracy is geographically heterogeneous across UK regions, with strongly pro …
Persistent link: https://www.econbiz.de/10011891769
The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10011506475
Previous assessments of nominal exchange rate determination have focused upon a narrow set of models typically of the 1970 s vintage, including monetary and portfolio balance models. In this paper we re-assess the in-sample fit and out-of-sample prediction of a wider set of models that have been...
Persistent link: https://www.econbiz.de/10011507659