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find that the trough in Europe occurs about 0.17 years later and the recovery (for the countries that have recovered) about … 1.55 years later. Moreover, the duration of the decline in Europe is about 4 months longer and of the recovery about 17 … and duration of the recovery (later and longer). …
Persistent link: https://www.econbiz.de/10011659477
that started in 2008, as our shock and then analyze how the NUTS II EU regions differ in their resilience to the crisis in …
Persistent link: https://www.econbiz.de/10010337597
We estimate a nonlinear VAR to quantify the impact of economic policy uncertainty shocks originating in the US on the Canadian unemployment rate in booms and busts. We find strong evidence in favor of asymmetric spillover effects. Unemployment in Canada is shown to react to uncertainty shocks in...
Persistent link: https://www.econbiz.de/10011862894
The literature on China indicates that the concentration of economic activities in China is less than in other industrialized countries. Institutional limits are largely held responsible for this finding (e.g. the Hukou system); firms and workers are not able to take full advantage of the...
Persistent link: https://www.econbiz.de/10010417992
The comparative advantage of many cities is based on their efficiency in the production of "functions", e.g., business services such as finance, law, engineering, or similar functions that are used by firms in a wide range of sectors. Firms that use these functions may choose to source them...
Persistent link: https://www.econbiz.de/10012417745
We study the link between subnational capital cities and urban development using a global data set of hundreds of first-order administrative and capital city reforms from 1987 until 2018. We show that gaining subnational capital status has a sizable effect on city growth in the medium run. We...
Persistent link: https://www.econbiz.de/10012652841
We construct a unique data set to analyze whether or not a large temporary shock had an impact on German city growth … German cities during WWII as our example of such a shock. The goal of this paper is to analyze the impact of this shock on … war shock had a permanent impact on German city-growth. If, however, as a second group of theories predicts, the random …
Persistent link: https://www.econbiz.de/10011514015
This article investigates whether the distance between origin and destination has played an increased role in shaping Italy’s domestic tourism flows during the recent years of economic recession. Indeed, the occurrence of closer tourism destinations, as a consequence of the economic crisis,...
Persistent link: https://www.econbiz.de/10010492324
Germany. The new data set will regularly be updated when quarterly economic growth for Germany becomes available. We use the …
Persistent link: https://www.econbiz.de/10013549105
Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...
Persistent link: https://www.econbiz.de/10013168003