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Convergence in European GDP series
Luginbuhl, Rob; Koopman, Siem Jan - 2003
Convergence in gross domestic product series of five European countriesis empirically identified using multivariate time series models that arebased on unobserved components with dynamic converging properties.We define convergence in terms of a decrease in dispersion over timeand model this...
Persistent link: https://www.econbiz.de/10011333256
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Convergence in European GDP series : a multivariate common converging trend-cycle decomposition
Luginbuhl, Rob; Koopman, Siem Jan - 2003
Persistent link: https://www.econbiz.de/10001791917
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Beyond Okun's law : output growth and labor market flows
Lim, Guay C.; Dixon, Robert J.; Ours, Jan C. van - 2018
This paper studies the relationship between the change in the unemployment rate and output growth using an approach based on labor market flows. The framework shows why the Okun coefficient may be constant/time-varying and/or symmetric/asymmetric and that the outcome lies with the behavior of...
Persistent link: https://www.econbiz.de/10011940045
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Output divergence in fixed exchange rate regimes : is the euro area growing apart?
Chen, Yao; Ward, Felix - 2022 - This version: April 2022
Can fixed exchange rate regimes cause output divergence among member states? We show that such divergence is a long-run equilibrium characteristic of a two-region model with fixed exchange rates, heterogeneous labor markets, and endogenous growth. Under flexible exchange rates, monetary policy...
Persistent link: https://www.econbiz.de/10013186796
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Structural differences in economic growth
Basturk, Nalan; Paap, Richard; Dijk, Dick van - 2008
growth determinants. Applying this approach to an annual unbalanced panel of 59 countries in Asia, Latin and Middle America … finite mixture panel model and endogenous clustering to examine cross-country differences and similarities in the effects of …
Persistent link: https://www.econbiz.de/10011377062
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Total factor productivity and the role of entrepreneurship
Erken, Hugo; Donselaar, Piet; Thurik, Adriaan R. - 2009 - Current version: May 2009
Total factor productivity of twenty OECD countries for a recent period (1971-2002) is explained using six different …
Persistent link: https://www.econbiz.de/10011378136
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Forecasting aggregate productivity using information from firm-level data
Bartelsman, Eric J.; Wolf, Zoltán - 2009
This paper contributes to the productivity literature by using results from firm-level productivity studies to improve … forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity … to build times-series components that capture the joint dynamics of the firm-level productivity and size distributions …
Persistent link: https://www.econbiz.de/10011378362
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Total factor productivity and the Mongolian transition
Chessa, Antonio G.; Schouwstra, Marije C. - 2005
Total Factor Productivity (TFP)is often used on the macro-economic level as an indicator of changes in efficiency of a … Productivity of Mongolia was tested not only for errors in all estimated values but also for measurement errors in the data. It was …
Persistent link: https://www.econbiz.de/10011346474
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On the concept of green national income
Vellinga, Nico; Withagen, Cees - 1995
Persistent link: https://www.econbiz.de/10000925513
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Abolishing GDP
Bergh, Jeroen C. J. M. van den - 2007
Expectations and information about the growth of GDP per capita have a large influence on decisions made by private and public economic agents. It will be argued here that GDP (per capita) is far from a robust indicator of social welfare, and that its use as such must be regarded as a serious...
Persistent link: https://www.econbiz.de/10011372528