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Productivity and the product scope of multi-product firms : a test of Feenstra-Ma

Raff, Horst; Wagner, Joachim - 2012 - This version: December 7, 2012

firms always have a higher market share, there is no monotonic relationship between firms' productivity level and their … effect". Therefore, the incentive to add more products weakens as productivity rises. This leads to Lemma 3 in Feenstra and … evidence is in line with the results from the theoretical model. -- multi-product firms ; productivity ; optimal product scope …

Persistent link: https://www.econbiz.de/10009672241

Modelling Ireland's Exchange Rates : From EMS to EMU

Bond, Derek - 2007

This paper attempts to model the nominal and real exchange rate for Ireland, relative to Germany and the UK from 1975 to 2003. It offers an overview of the theory of purchasing power parity (Ppp), focusing particularly on likely sources of nonlinearity. Potential difficulties in placing the...

Persistent link: https://www.econbiz.de/10012775859

Fiscal Developments and Financial Stress : A Threshold VAR Analysis

Afonso, António - 2011

We use a threshold VAR analysis to study whether the effects of fiscal policy on economic activity differ depending on financial market conditions. In particular, we investigate the possibility of a non-linear propagation of fiscal developments according to different financial market stress...

Persistent link: https://www.econbiz.de/10013128285

The Dynamic Behaviour of Budget Components and Output

Claeys, Peter - 2007

The main focus of this paper is the relation between the cyclical components of total revenues and expenditures and the budget balance in France, Germany, Portugal, and Spain. We try to uncover past trends behind the development of public finances that contribute to explaining the current stance...

Persistent link: https://www.econbiz.de/10012776609

What Explains the Surge in Euro Area Sovereign Spreads During the Financial Crisis of 2007-09?

Attinasi, Maria Grazia; Checherita-Westphal, Cristina D.; … - 2021

This paper uses a dynamic panel approach to explain the determinants of widening sovereign bond yield spreads vis-à-vis Germany in selected euro area countries during the period end-July 2007 to end-March 2009, when the financial turmoil developed into a full-blown financial and economic...

Persistent link: https://www.econbiz.de/10013316284

Market Power and Fiscal Policy in OECD Countries

Afonso, António - 2010

productivity shocks and (ii) a mildly counter-cyclical behaviour with fiscal spending shocks. We also use a Panel Vector Auto …

Persistent link: https://www.econbiz.de/10013145150

International Evidence on Sticky Consumption Growth

Carroll, Christopher D.; Slacalek, Jiri; Sommer, Martin - 2021

We estimate the degree of 'stickiness' in aggregate consumption growth (sometimes interpreted as reflecting consumption habits) for thirteen advanced economies. We find that, after controlling for measurement error, consumption growth has a high degree of autocorrelation, with a stickiness...

Persistent link: https://www.econbiz.de/10013316561

Reverse Causality in Global Current Accounts

Schnabl, Gunther - 2010

The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and Germany as center countries with rising/high current account deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing...

Persistent link: https://www.econbiz.de/10013142986

Share of exports to low-income countries, productivity, and innovation : a replication study with firm-level data from six European countries

Wagner, Joachim - 2015 - This version: July 21, 2015

manufacturing firms. First, there is a negative correlation between firms' productivity and their export share to low … found between the share of exports to lowincome countries and either productivity or R&D intensity is never in line with the …

Persistent link: https://www.econbiz.de/10011298736

Low-productive exporters are high-quality exporters : evidence from Germany

Wagner, Joachim - 2014 - This version: February 6, 2014

-exporters. However, many firms from the lower end of the productivity distribution are exporters. Germany is a case in point. A recent … study reports that these low-productivity exporters are not marginal exporters defined according to the share of exports in … exports is much higher among exporters from the lower end of the productivity distribution than among highly productive …

Persistent link: https://www.econbiz.de/10010239335