Narrow search
Showing 1 - 10 of 303
Cover Image
Revisiting the finance and growth nexus : a deeper look at sectors and instruments
Unger, Robert - 2019
This paper investigates empirically whether the relation between finance and growth depends on a specific type of financing. I construct a novel panel data set for 34 high income countries over the time period from 1995 to 2014 based on financial accounts data. It allows distinguishing between...
Persistent link: https://www.econbiz.de/10011962798
Cover Image
Ancestry, Diversity & Finance : Evidence from Transition Economies
Dombi, Akos; Grigoriadis, Theocharis - 2017
In this paper, we analyze the growth effects of historical and biological ancestry, diversity and financial development in transition economies. We show that the common indicators of ethnolinguistic fractionalization, state history and genetic distance yield significant results and to some...
Persistent link: https://www.econbiz.de/10011596107
Cover Image
Are there financing constraints for R&D and investment in German manufacturing firms?
Harhoff, Dietmar - 1996
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …
Persistent link: https://www.econbiz.de/10011621855
Cover Image
Growth impacts of the exchange rate and technology
Márquez-Velázquez, Alejandro - 2016
The aim of this paper is to assess whether the impacts of real exchange rate undervaluation and domestic technological capabilities on growth are stable across development levels. On the one hand, a real exchange undervaluation measure is constructed based on the purchasing-power-parity theory...
Persistent link: https://www.econbiz.de/10011536945
Cover Image
Economic growth through worker reallocation : the role of knowledge spillovers
Mäkynen, Eero - 2021
An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...
Persistent link: https://www.econbiz.de/10012583063
Cover Image
Global universal basic skills : current deficits and implications for world development
Gust, Sarah; Hanushek, Eric Alan; Woessmann, Ludger - 2023
How far is the world away from ensuring that every child obtains the basic skills needed to be internationally competitive? And what would accomplishing this mean for world development? Based on the micro data of international and regional achievement tests, we map achievement onto a common...
Persistent link: https://www.econbiz.de/10014477384
Cover Image
Economic growth through worker reallocation: The role of knowledge spillovers
Mäkynen, Eero - 2021
An establishment can improve its productivity by hiring workers from more productive establishments. Then, how important is worker reallocation for aggregate productivity growth? To study this question, I develop a general equilibrium model where knowledge transmits as workers reallocate from...
Persistent link: https://www.econbiz.de/10013394370
Cover Image
The evolution of economic convergence in the European Union
Borsi, Mihály Tamás; Metiu, Norbert - 2013
This paper investigates economic convergence in real income per capita between 27 European Union countries. We employ a non-linear latent factor framework to study transitional behavior among economies between 1970 and 2010. Our results offer important insights on the economic catch-up exhibited...
Persistent link: https://www.econbiz.de/10009784195
Cover Image
Missing growth measurement in Germany
Schreiber, Sven; Loreto, Vanessa - 2021 - This version: March 2021
Using detailed establishment-level micro data, this paper analyzes for the German case the hypothesis by Aghion, Bergeaud, Boppart, Klenow, and Li (2019), stating that officially published figures for real output growth would be systematically understated. The effect rests on overstated...
Persistent link: https://www.econbiz.de/10012440399
Cover Image
A global decline in research productivity? : evidence from China and Germany
Boeing, Philipp; Hünermund, Paul - 2020
In a recent paper, Bloom et al. (2020) find evidence for a substantial decline in research productivity in the U.S. economy during the last 40 years. In this paper, we replicate their findings for China and Germany, using detailed firm-level data spanning three decades. Our results indicate that...
Persistent link: https://www.econbiz.de/10012239797