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Can general purpose technology theory explain economic growth? : electrical power as a case study
Ristuccia, Cristiano Andrea; Solomou, Solomos - 2014
Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …
Persistent link: https://www.econbiz.de/10010252126
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The empire project : trade policy in interwar Canada
Lampe, Markus; O'Rourke, Kevin Hjortshøj; Reiter, Lorenz; … - 2023
This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into 1697 goods originating in 112 countries, to analyse the impact on Canadian imports of interwar Canadian trade policy, including the 1932 Ottawa trade agreements. Rather than...
Persistent link: https://www.econbiz.de/10014275962
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Real wage chronologies
Christofidēs, Loizos N. (contributor);  … - 2007
Persistent link: https://www.econbiz.de/10003599281
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Tariffs, trade and productivity : a quantitative evaluation of heterogeneous firm models
Breinlich, Holger; Cuñat, Alejandro - 2013
We examine the quantitative predictions of heterogeneous firm models à la Melitz (2003) in the context of the Canada … - US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity across … fundamental problem which most models we analyse face: predicted increases in measured productivity are too low by an order of …
Persistent link: https://www.econbiz.de/10009773860
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Incorporation and productivity
Barro, Robert J.; Wheaton, Brian - 2019
Persistent link: https://www.econbiz.de/10012120380
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What do we know about recent exchange rate models? : in-sample fit and out-of-sample performance evaluated
Cheung, Yin-Wong; Chinn, Menzie David; Pascual, Antonio … - 2003
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
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Institutions and economic growth in historical perspective : part 2
Ogilvie, Sheilagh C.; Carus, A. W. - 2014
This is Part 2 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010371915
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Institutions and economic growth in historical perspective : part 1
Ogilvie, Sheilagh C.; Carus, A. W. - 2014
This is Part 1 of a two-part paper which surveys the historical evidence on the role of institutions in economic growth. The paper provides a critical scrutiny of a number of stylized facts widely accepted in the growth literature. It shows that private-order institutions have not historically...
Persistent link: https://www.econbiz.de/10010371916
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The effects of systemic banking crises in the inter-war period
Rocha, Bruno T. da; Solomou, Solomos - 2015
This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...
Persistent link: https://www.econbiz.de/10010496916
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Measuring inflation expectations in interwar Britain
Lennard, Jason; Meinecke, Finn; Solomou, Solomos - 2021
What caused the recovery from the British Great Depression? A leading explanation - the "expectations channel" - suggests that a shift in expected inflation lowered real interest rates and stimulated consumption and investment. However, few studies have measured, or tested the economic...
Persistent link: https://www.econbiz.de/10012669620