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This paper estimates the costs of EU restraints on trade in textiles and clothing. After explaining the methods used …, we examine the impact of an opening up of EU trade in textiles and clothing, inter alia to those economies where the …
Persistent link: https://www.econbiz.de/10011472459
Economic policy interventions of a scale as effected in eastern Germany can be expected to have a significant impact on the economy, which may be in accordance with the objectives of the policy measures or manifest itself in distortions of several kinds. This paper analyzes the structural...
Persistent link: https://www.econbiz.de/10011472466
This paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications of multisectoral real business cycle models are examined by resorting to testing techniques based on stock market returns. The empirical evidence is obtained by calculating...
Persistent link: https://www.econbiz.de/10011476130
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
Persistent link: https://www.econbiz.de/10011477079
productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that …
Persistent link: https://www.econbiz.de/10011490893
Based on Baumol’s cost-disease model, we develop two alternative measures of the change in the productivity of … schooling. Both productivity measures are based on changes in the relative price of schooling. We find that in most OECD … countries the price of schooling has increased faster in 1970-94 than would be compatible with constant schooling productivity …
Persistent link: https://www.econbiz.de/10011491109
Persistent link: https://www.econbiz.de/10001756155
productivity spillovers from FDI using establishment level data for the UK. We allow for different effects of FDI on establishments … located at different quantiles of the productivity distribution by using conditional quantile regression. Overall, while there … matters for productivity spillover benefits. We find evidence for a u-shaped relationship between productivity growth and FDI …
Persistent link: https://www.econbiz.de/10002826005
Persistent link: https://www.econbiz.de/10002703740
Persistent link: https://www.econbiz.de/10002181195