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A Short-run Schumpeterian Trip to Embryonic African Monetary Zones

Asongu, Simplice A - In: Economics Bulletin 33 (2013) 1, pp. 859-873

With the spectre of the Euro crisis looming substantially large and scaring potential monetary unions, this study is a short-run trip to embryonic African monetary zones to assess the Schumpeterian thesis for positive spillovers of financial services on growth. Causality analysis is performed...

Persistent link: https://www.econbiz.de/10010835849

On the channels of foreign aid to corruption

Asongu, Simplice A; Mohamed, Jellal - In: Economics Bulletin 33 (2013) 3, pp. 2191-2201

The debate by Okada & Samreth (2012, EL) and Asongu (2012, EB; 2013, EEL) on ‘the effect of foreign aid on corruption' in its current state has the shortcoming of modeling corruption as a direct effect of development assistance. This note extends the debate by assessing the channels of foreign...

Persistent link: https://www.econbiz.de/10010836301

On the Obituary of Scientific Knowledge Monopoly

Asongu, Simplice A - In: Economics Bulletin 33 (2013) 4, pp. 2718-2731

The August 15th 2013 Shanghai Academic Rankings of World Universities (ARWU) should leave policy makers wondering about whether the impressive growth experienced by ‘latecomers in the industry' has moved hand-in-hand with contribution to knowledge by means of scientific publications. Against...

Persistent link: https://www.econbiz.de/10010701069

On the substitution of institutions and finance in investment

Asongu, Simplice A - In: Economics Bulletin 34 (2014) 3, pp. 1557-1574

The Ali (2013, EB) findings on the nexuses among institutions, finance and investment could have an important influence on policy and academic debates. This paper relaxes his hypotheses on the conception, definition and measurement of finance and institutions because they are less realistic to...

Persistent link: https://www.econbiz.de/10010800841

Entry, exit and productivity empirical results for German manufacturing industries

Wagner, Joachim - 2007

Using panel data from Spain Farinas and Ruano (IJIO 2005) test three hypotheses from a model by Hopenhayn (Econometrica 1992): (H1) Firms that exit in year t were in t-1 less productive than firms that continue to produce in t. (H2) Firms that enter in year t are less productive than incumbent...

Persistent link: https://www.econbiz.de/10010263814

Export entry, export exit, and productivity in German manufacturing industries

Wagner, Joachim - 2007

This paper contributes to the flourishing literature on exports and productivity by using a unique newly available …

Persistent link: https://www.econbiz.de/10010263816

Productivity and size of the export market evidence for West and East German plants, 2004

Wagner, Joachim - 2007

first comprehensive evidence on the relationship bet-ween productivity and size of the export market for Germany, a leading …

Persistent link: https://www.econbiz.de/10010263828

Exports and productivity in Germany

Wagner, Joachim - 2007

presents the first comprehensive evidence on the relationship between exports and productivity for Germany, a leading actor on … literature to document that the positive productivity differential of exporters compared to non-exporters is statistically …. Results for West Germany support the hypothesis that the productivity differential between exporters and non-exporters is at …

Persistent link: https://www.econbiz.de/10010263830

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

Raff, Horst; Wagner, Joachim - In: Economics Bulletin 33 (2013) 1, pp. 415-419

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 …

Persistent link: https://www.econbiz.de/10011278541

Are low-productive exporters marginal exporters? Evidence from Germany

Wagner, Joachim - In: Economics Bulletin 33 (2013) 1, pp. 467-481

-exporters. It is argued that this exporter-productivity premium is due to extra cost of exporting that can be covered profitably by … than non-exporting firms from the same 4-digit industry both on average and over the whole productivity distribution …. However, many firms from the lower end of this distribution are exporters. This paper report that these low-productivity …

Persistent link: https://www.econbiz.de/10011278645