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Globalisation as a "good times" phenomenon : a search-based explanation
Edwards, Terence Huw - 2010
Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply driven by policy: rather, in a model of costly search,...
Persistent link: https://www.econbiz.de/10008648333
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Debt spillovers in a monetary union : a novel rationale for central bank independence
Campoy-Miñarro, Juan C.; Negrete, Juan Carlos - In: Economics / Journal articles : the open-access, … 16 (2022) 1, pp. 123-136
Central bank independence has been championed on the grounds that it avoids political business cycles, the time-inconsistency problem of discretionary monetary policy, and political conflicts. However, after the financial crisis, central banks have resorted to unconventional monetary policies...
Persistent link: https://www.econbiz.de/10013252567
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Does stock market capitalization cause GDP? : a causality study for Central and Eastern European countries?
Prats Albentosa, María Asuncíon; Sandoval, Beatriz - 2020
This paper analyzes the relationship between stock market capitalization to GDP and real GDP in 10 Central and Eastern European countries (CEECs) that joined the European Union in 2004 and 2007, with the objective of determining whether the financial markets played a role as drivers of economic...
Persistent link: https://www.econbiz.de/10012231510
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The growth effects of R&D spending in the EU : a meta-analysis
Kokko, Ari; Gustavsson Tingvall, Patrik; Videnord, Josefin - 2015
In this paper we conduct a meta-analysis to examine the link between R&D spending and economic growth in the EU and other regions. The results suggest that the growth-enhancing effect of R&D in the EU15 countries does not differ from that in other countries in general, but it is less significant...
Persistent link: https://www.econbiz.de/10011382485
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The impact of financial openness on the size of utility-enhancing government
Erauskin, Iñaki - 2013
the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility … because of risk sharing. The theoretical results for the growth rate depend on differences in productivity and in consumption …
Persistent link: https://www.econbiz.de/10010187510
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Examining the effects of trade liberalisation using a gravity model approach
Sertić, Martina Basarac; Vučković, Valentina; … - In: Economics / Journal articles : the open-access, … 18 (2024) 1, pp. 1-12
The main objective of this article is to study the impact of trade liberalisation in Croatia as one of the first structural reforms being implemented, covering the period from 2000 to 2021. The panel data model was specified using a two-step system generalised method of moment estimator. The...
Persistent link: https://www.econbiz.de/10014495841
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Operating efficiency in the capital-intensive semiconductor industry : a nonparametric frontier approach
Qiao, Guangshun; Lu, Yulin - In: Economics / Journal articles : the open-access, … 18 (2024) 1, pp. 1-17
This article uses a nonparametric production frontier approach to investigate the operating efficiency differences by the impacts of capital expenditure and business model in the global semiconductor industry. Handling the impact of capital expenditure as a fixed input by the directional...
Persistent link: https://www.econbiz.de/10014495890
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A new and benign hegemon on the horizon? : the Chinese century and growth in the Global South
Tam NguyenHuu; Karaman Örsal, Deniz Dilan - 2020
The authors investigate how the Global South’s gross domestic product (GDP) is impacted by trade with China. While the current literature on the growth impacts of trade (by leading partner countries) often neglects the properties of macro panel data, such as cross-sectional dependence,...
Persistent link: https://www.econbiz.de/10012209723
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Financial literacy and economic growth : how Eastern Europe is doing?
Pașa, Adina Teodora; Picatoste, Xose; Gherghina, Elena … - In: Economics / Journal articles : the open-access, … 16 (2022) 1, pp. 27-42
-depth these three countries is generated by their difficult pathway in the transition to the Euro and economic convergence on one …
Persistent link: https://www.econbiz.de/10013252554
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Highly skilled international migration, STEM workers, and innovation
Bongers, Anelí; Díaz Roldán, Carmen; Torres, José L. - In: Economics / Journal articles : the open-access, … 16 (2022) 1, pp. 73-89
This article studies the implications of highly skilled labor international migration in a two-country dynamic stochastic general equilibrium model. The model considers three types of workers: Science, Technology, Engineering, or Mathematics (STEM) workers, non-STEM college educated workers, and...
Persistent link: https://www.econbiz.de/10013252565