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Oil exports and the Iranian economy
Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009
money balances, inflation, real exchange rate, oil exports, and foreign real output, the paper finds clear evidence for two … long run relations: an output equation as predicted by the theory and a standard real money demand equation with inflation … significant negative long run association between inflation and real GDP, which is suggestive of economic inefficiencies. Once the …
Persistent link: https://www.econbiz.de/10003909263
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Coping with change : international differences in the returns to skills
Hanushek, Eric Alan; Schwerdt, Guido; Wiederhold, Simon; … - 2016
Expanded international data from the PIAAC survey of adult skills allow us to analyze potential sources of the cross-country variation of comparably estimated labor-market returns to skills in a more diverse set of 32 countries. Returns to skills are systematically larger in countries that have...
Persistent link: https://www.econbiz.de/10011543634
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Job protection legislation and productivity growth in OECD countries
Bassanini, Andrea (contributor); Nunziata, Luca (contributor) - 2008
This paper examines the impact of employment protection legislation on productivity in the OECD, using annual cross-country aggregate data on the degree of regulations and industry-level data on productivity from 1982 to 2003. We adopt a "difference-in-differences" framework, which exploits...
Persistent link: https://www.econbiz.de/10003729410
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Does the growth process discriminate against older workers?
Langot, François (contributor);  … - 2008
This paper seeks to gain insights on the relationship between growth and unemployment, when considering heterogeneous agents in terms of age. We introduce life cycle features in the endogenous job destruction framework à la Mortensen and Pissarides (1998). We show that, under the assumption of...
Persistent link: https://www.econbiz.de/10003778484
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Shadow economies and corruption all over the world : what do we really know?
Schneider, Friedrich (contributor) - 2006
"Estimations of the size and development of the shadow economy for 145 countries, including developing, transition and highly developed OECD economies over the period 1999 to 2003 are presented. The average size of the shadow economy (as a percent of "official" GDP) in 2002/03 in 96 developing...
Persistent link: https://www.econbiz.de/10003375229
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Education, market rigidities and growth
Aghion, Philippe; Askenazy, Philippe; Bourlès, Renaud; … - 2007
This note investigates the effects of the education level, product market rigidities and employment protection legislation on growth. It exploits macro-panel data for OECD countries. For countries close to the technological frontier, education and rigidities are significantly related to TFP...
Persistent link: https://www.econbiz.de/10003586568
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Macroeconomic effects of ownership structure in OECD countries
Gatti, Donatella (contributor) - 2008
The paper investigates the impact of ownership concentration on GDP growth, for a sample of 18 OECD countries over the period 1980 to 2004. The econometric analysis shows that more concentrated ownership can speed up growth, for countries approaching the technological frontier, provided that...
Persistent link: https://www.econbiz.de/10003666480
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Immigration, unemployment and growth in the host country : bootstrap panel Granger causality analysis on OECD countries
Boubtane, Ekrame; Coulibaly, Dramane; Rault, Christophe - 2011
This paper examines the causality relationship between immigration, unemployment and economic growth of the host country. We employ the bootstrap panel Granger causality testing approach of Kónya (2006) that allows to test for causality on each individual country separably by accounting for...
Persistent link: https://www.econbiz.de/10009310912
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Unemployment and productivity growth : an empirical analysis within the augmented Solow model
Bräuninger, Michael; Pannenberg, Markus - 2000
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...
Persistent link: https://www.econbiz.de/10011325983
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Australia: the miracle economy
Junankar, Pramod N. - 2013
made in terms of several macroeconomic indicators, GDP, Unemployment, Inflation, Current Account Balances, and debt. …
Persistent link: https://www.econbiz.de/10009774315