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Investigating first-stage exchange rate pass-through : sectoral and macro evidence from euro area countries
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2017
In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange … conduct a sectoral analysis using disaggregated import prices data. We find a much higher degree of pass-through for more … a dynamic panel-data model, our estimates indicate that decline of import-price sensitivity to the exchange rate is not …
Persistent link: https://www.econbiz.de/10011613008
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The pass-through of exchange rate in the context of the European sovereign debt crisis
Cheikh, Nidhaleddine Ben; Rault, Christophe - 2015
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five … of confidence during the recent sovereign debt crisis has entailed higher sensitivity of import prices to exchange rate … beyond this threshold level, the sensitivity of import prices becomes higher and reaches full ERPT. Our findings raise the …
Persistent link: https://www.econbiz.de/10011376318
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What measure of inflation should a developing country central bank target?
Anand, Rahul; Prasad, Eswar S.; Zhang, Boyang - 2015
headline inflation, assigns zero weight to import prices. …
Persistent link: https://www.econbiz.de/10011307888
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Lobbying, corruption and other banes
Campos, Nauro (contributor);  … - 2008
Although the theoretical literature often uses lobbying and corruption synonymously, the empirical literature associates lobbying with the preferred mean for exerting influence in developed countries and corruption with the preferred one in developing countries. This paper challenges these...
Persistent link: https://www.econbiz.de/10003755929
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Do international labor standards contribute to the persistence of the child labor problem?
Doepke, Matthias; Zilibotti, Fabrizio - 2009
In recent years, a number of governments and consumer groups in rich countries have tried to discourage the use of child labor in poor countries through measures such as product boycotts and the imposition of international labor standards. The purported objective of such measures is to reduce...
Persistent link: https://www.econbiz.de/10003860517
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Purchasing power parity for developing and developed countries : what can we learn from non-stationary panel data models?
Drine, Imed (contributor); Rault, Christophe (contributor) - 2007
The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...
Persistent link: https://www.econbiz.de/10003610062
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Temporary shocks and offshoring : the role of external economies and firm heterogeneity
Mitra, Devashish (contributor); Ranjan, Priya (contributor) - 2007
We construct a model of offshoring with externalities and firm heterogeneity. Due to the presence of externalities, temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry. Also, the initial advantage of a country...
Persistent link: https://www.econbiz.de/10003596092
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Does school autonomy make sense everywhere? : panel estimates from PISA
Hanushek, Eric Alan; Link, Susanne; Woessmann, Ludger - 2011
Decentralization of decision-making is among the most intriguing recent school reforms, in part because countries went in opposite directions over the past decade and because prior evidence is inconclusive. We suggest that autonomy may be conducive to student achievement in well-developed...
Persistent link: https://www.econbiz.de/10009522998
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Innovation, employment and skills in advanced and developing countries : a survey of the literature
Vivarelli, Marco - 2012
This paper critically discusses the theoretical and empirical literature on the quantitative and qualitative employment impact of technological change, compares the relative explanatory power of the competing theories, and explains in detail the macro and micro evidence on the issue, with...
Persistent link: https://www.econbiz.de/10009530310
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The happiness-income paradox revisited
Easterlin, Richard A.; McVey, Laura Angelescu; Switek, … - 2011
The striking thing about the happiness-income paradox is that over the long-term - usually a period of 10 y or more - happiness does not increase as a country's income rises. Heretofore the evidence for this was limited to developed countries. This article presents evidence that the long term...
Persistent link: https://www.econbiz.de/10009309505