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The debate in Australia on the (constant-output) elasticity of labour demand with respect to wages has wrongly sidelined the role of capital stock as a determinant of employment (Webster, 2003). As far back as 1991, Pissarides had argued that the influence of capital stock on the performance of...
Persistent link: https://www.econbiz.de/10003793964
Persistent link: https://www.econbiz.de/10002157921
This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...
Persistent link: https://www.econbiz.de/10011376318
The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...
Persistent link: https://www.econbiz.de/10003816542
sensitivity of import prices has not fallen since 1999. We also point out a significant role played by the inflation in the … inflation environment. Overall, our findings support the view that the extent of pass-through is comprised of both macro- and …
Persistent link: https://www.econbiz.de/10011613008
Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and building prices. European countries, especially France,...
Persistent link: https://www.econbiz.de/10009715724
purpose of this study is to determine whether the capital-skill complementarity framework holds for Ghana manufacturing plants … in industry and aggregate level. We use an unbalanced panel of plant-level data for manufacturing firms in Ghana during … suggest that capital-skill complementarity holds in aggregate level and wood-furniture sector in Ghana. However, we reject the …
Persistent link: https://www.econbiz.de/10003932439
to use general financial products than in Ghana, though in general more men use advanced investment products. Race has an …The paper focuses on women's financial behaviour in their use of higher order financial services in Ghana and South …
Persistent link: https://www.econbiz.de/10011518019
on employment outcomes, using Ghana as a case study. We take advantage of a specific policy setting, in which strict stay …-at-home orders were issued and enforced in two spatially delimited areas, bringing Ghana's major metropolitan centres to a standstill …
Persistent link: https://www.econbiz.de/10012612509
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