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On the multivariate analysis of the "Lisbon process"

Tausch, Arno (contributor); Heshmati, Almas (contributor); … - 2007

Starting from Professor Kornai's assertion about the necessity to focus on the long-term perspectives of the transformation process, we analyze in this paper the Lisbon performance of the countries of the European Union from such a long-term, structural perspective. We present in a simple form...

Persistent link: https://www.econbiz.de/10003646699

The role of the exchange rate regime in the process of real and nominal convergence

D'Adamo, Gaetano; Rovelli, Riccardo - 2013

inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We … conclude that, in a catching-up country, premature euro adoption may foster excess inflation, beyond that which is to be …

Persistent link: https://www.econbiz.de/10010191206

A pair-wise approach to testing for output and growth convergence

Pesaran, M. Hashem (contributor) - 2004 - [Elektronische Ressource]

This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also proposed, which suggests that all such output gap pairs must be...

Persistent link: https://www.econbiz.de/10002422931

Testing mundell's intuition of endogenous OCA theory

Warin, Thierry (contributor); … - 2008

This paper presents an empirical assessment of the endogenous optimum currency area theory. Frankel and Rose (1998) study the endogeneity of a currency union through the lens of international trade flows. Our study extends Frankel and Rose's model by using FDI flows to test the original theory...

Persistent link: https://www.econbiz.de/10003760087

Human capital and the economic convergence mechanism : evidence from China

Zhang, Xiaboei; Li, Haizheng; Wang, Xiaojun; Fleisher, … - 2019

We examine the mechanism by which human capital affects economic growth and convergence, using provincial level panel data from China. We specify alternative measures of human capital and apply them to an enhanced growth model which we estimate parametrically, nonparametrically, and with a...

Persistent link: https://www.econbiz.de/10011993244

External monetary shocks and monetary integration : evidence from the Bulgarian currency board

Minea, Alexandru; Rault, Christophe - 2011

Starting July the 1st 1997, Bulgaria adopted a Currency Board (CB) monetary system. This paper aims at investigating if the adoption of the CB monetary system, which involves the cost of loosing monetary autonomy, has provided a relatively better (with respect to other CEEC) monetary integration...

Persistent link: https://www.econbiz.de/10009309508

10 years after : EU enlargement, closed borders, and migration to Germany

Elsner, Benjamin; Zimmermann, Klaus F. - 2013

We study how the EU enlargement in 2004 and the Great Recession in the late 2000s have shaped the scale and composition of migration flows from the New Member States to Germany. We demonstrate that immigration increased substantially despite the restrictions on the German labor market, and that...

Persistent link: https://www.econbiz.de/10009683010

Enlarging the EMU to the east : what effects on trade?

Belke, Ansgar (contributor); Spies, Julia (contributor) - 2008

The purpose of this paper is to assess the implications of the Economic and Monetary Union (EMU) accession of eight Central and Eastern European Countries (CEECs) on their share in EMU-12 imports. Overcoming biases related to endogeneity, omitted variables and sample selection, our results...

Persistent link: https://www.econbiz.de/10003750287

Institutional integration and productivity growth: evidence from the 1995 enlargement of the European Union

Campos, Nauro; Coricelli, Fabrizio; Franceschi, Emanuele - 2021

This paper studies the productivity effects of integration deepening. The identification strategy exploits the 1995 European Union (EU) enlargement, when all candidate countries joined the Single Market but one - Norway - did not join the EU. Our synthetic difference-in-differences estimates on...

Persistent link: https://www.econbiz.de/10012698068

Regional convergence in Russia : estimating a neoclassical growth model

Lehmann, Hartmut; Oščepkov, Aleksej Ju.; Silvagni, … - 2020

In this paper, we study convergence in per capita gross regional products across Russian regions in the period from 1996 to 2017. To this purpose, we estimate growth equations, which are directly derived from a neoclassical growth model, augmented with human capital and migration. To our...

Persistent link: https://www.econbiz.de/10012183996

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