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This paper analyzes the influence of the structure of collective wage bargaining on direct investment abroad. A wage negotiations model shows that high productive firms benefit from centralized bargaining and invest therefore less abroad than under dezentralized bargaining. An empirical study...
Persistent link: https://www.econbiz.de/10013428316
We propose a novel, multilaterally consistent productivity approach-based indicator to assess the international price … attention has been paid to an appropriate selection of price and productivity data in levels as opposed to indices, and to the …
Persistent link: https://www.econbiz.de/10010373688
instability of euro area money demand. Our results obtained from panel estimation indicate that the observed instability of …
Persistent link: https://www.econbiz.de/10008664568
cointegration framework to examine whether Chinese interest rates are driven by the Fed's policy. In a second step, we estimate a … exert relatively autonomous monetary policy. -- Chinese monetary policy ; monetary independence ; cointegration …
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This paper presents an application of the Generalised Error Correction Model (GECM) for heterogeneous factor demands based on the quadratic cost function. Using data for 26 West German manufacturing industries over the period 1976-1995, it turns out that less general specifications such as the...
Persistent link: https://www.econbiz.de/10013428321
, a cointegration analysis of productivity, prices, real wages, employment, and the unemployment rate reveals two long run …
Persistent link: https://www.econbiz.de/10013428423
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