Showing 1 - 10 of 22
This paper analyses the trade balance effects of Europe agreements (EA) between the EU-15 and four new EU members from Central and Eastern Europe (CEEC-4) using both static and dynamic panel data approaches. Specifically, the system Generalized Method of Moments (GMM, Blundell and Bond, 1998)...
Persistent link: https://www.econbiz.de/10009296317
We test the significance of the relationship between the exchange rate regime and the degree of structural reforms by estimating panel regressions for a world and an OECD country sample. The empirical results suggest a positive correlation between on the one side the adoption of an exchange rate...
Persistent link: https://www.econbiz.de/10003260831
Does a country's level of unemployment have an impact on the long-run growth rate? Incorporating unemployment into a … generalised augmented Solow-type growth model, yields some answers to this question. In particular, we show that the impact of … unemployment on productivity growth heavily depends on the influence of human capital in the production function. In the …
Persistent link: https://www.econbiz.de/10011325983
Large international differences in the price of labor can be sustained by differences between workers, or by natural and policy barriers to worker mobility. We use migrant selection theory and evidence to place lower bounds on the ad valorem equivalent of labor mobility barriers to the United...
Persistent link: https://www.econbiz.de/10011454010
We examine the (potentially nonlinear) relationship between inequality and growth using a method which does not require …
Persistent link: https://www.econbiz.de/10010469680
This paper examines the economic consequences of terror attacks and the channels through which terrorism affects local economies. I rely on an exhaustive list of terror attacks over the period 1970-2013 in the U.S. and exploit the inherent randomness in the success or failure of terror attacks...
Persistent link: https://www.econbiz.de/10011388324
We examine the relationship between wealth and health through prominent growth indicators and cognitive ability … relationship. The growth indicators utilized are GDP per capita, schooling, overall and manufacturing productivities, and savings … data for the 1980-2009 period. We conclude that the relationship between all prominent growth indicators and BMI is inverse …
Persistent link: https://www.econbiz.de/10012623829
This paper examines empirically the interaction between immigration and host country economic conditions. We employ panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows to addresses the endogeneity problem by allowing the...
Persistent link: https://www.econbiz.de/10009656607
This paper evaluates the success of Inflation Targeting on inflation and growth on a large panel data set of both … the process by which inflation targeting is hypothesised to influence inflation and growth, Section 3 surveys this … policy does not necessarily help to reduce inflation and certainly does not stimulate economic growth. …
Persistent link: https://www.econbiz.de/10012227388
This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the evolution of loss aversion in the course of human history can be traced to the adaptation of...
Persistent link: https://www.econbiz.de/10011912825