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Norwegian rhapsody? : the political economy benefits of regional integration

Campos, Nauro; Coricelli, Fabrizio; Moretti, Luigi - 2015

This paper investigates whether joint economic and political integration leads to larger economic benefits than just economic integration. The identification strategy rests on the fact that Norway, at the time of the 1995 Enlargement of the European Union (EU), had successfully completed...

Persistent link: https://www.econbiz.de/10011281605

Real unit labour costs in Eurozone countries : drivers and clusters

Ordóñez, Javier; Sala, Hector; Silva, José Ignacio - 2014

We examine the trajectories of the real unit labour costs (RULCs) in a selection of Eurozone economies. Strong asymmetries in the convergence process of the RULCs and its components - real wages, capital intensity, and technology - are uncovered through decomposition and cluster analyses. In the...

Persistent link: https://www.econbiz.de/10010369774

Economic growth and political integration : estimating the benefits from membership in the European Union using the synthetic counterfactuals method

Campos, Nauro; Coricelli, Fabrizio; Moretti, Luigi - 2014

This paper presents new estimates of the economic benefits from economic and political integration. Using the synthetic counterfactuals method, we estimate how GDP per capita and labour productivity would have behaved for the countries that joined the European Union (EU) in the 1973, 1980s, 1995...

Persistent link: https://www.econbiz.de/10010350820

Beyond EU-US trade dynamics : TTIP effects related to foreign direct investment and innovation

Jungmittag, Andre; Welfens, Paul J. J. - 2017

The international economic debate on the Transatlantic Trade and Investment Partnership (TTIP) has focused mainly on trade induced real income gains while the FDI related and innovation induced benefits have been largely neglected, although the EU and the US are leading FDI host countries and...

Persistent link: https://www.econbiz.de/10011716195

Oil exports and the Iranian economy

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2009

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...

Persistent link: https://www.econbiz.de/10003909263

An empirical study of the relationships between CO2 emissions, economic growth and openness

Choi, Eunho; Heshmati, Almes; Cho, Yongsung - 2010

This paper investigates the existence of the environmental Kuznets curve (EKC) for carbon dioxide (CO2) emissions and its causal relationships with economic growth and openness by using time series data (1971-2006) from China (an emerging market), Korea (a newly industrialized country), and...

Persistent link: https://www.econbiz.de/10009300135

An empirical growth model for major oil exporters

Esfahani, Hadi Salehi; Mohaddes, Kamiar; Pesaran, M. Hashem - 2012

This paper develops a long-run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focuses on...

Persistent link: https://www.econbiz.de/10009535794

Effectives of monetary policy under the high and low economic uncertainty states: evidence from the major Asian economies

Balcilar, Mehmet; Ozdemir, Zeynel Abidin; Ozdemir, Huseyin - 2021

This study examines the monetary policy effectiveness of five major Asian countries (China, Hong Kong, India, Japan, and South Korea) using a quantile vector autoregression (QVAR) model-based spillover estimation approach of Balcilar et al. (2020b) at different quantile paths. To do this, we...

Persistent link: https://www.econbiz.de/10012549189

Global macro-financial cycles and spillovers

Ha, Jongrim; Kose, M. Ayhan; Otrok, Christopher M.; … - 2020

and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country …-specific macro factors and the part driven by spillovers from financial variables. We consider cycles in macroeconomic aggregates … global macro factor plays a major role in explaining G-7 business cycles, but there are also spillovers from equity and house …

Persistent link: https://www.econbiz.de/10012178610

Do tertiary dropout students really not succeed in European labour markets?

Schnepf, Sylke V. - 2014

Tertiary education has been expanding hugely over the last decades, so that tertiary dropout students will constitute a growing distinctive group in future labour markets. University dropout is regularly discussed as a "negative" indicator in terms of reinforcing socio-economic inequalities and...

Persistent link: https://www.econbiz.de/10010257352

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