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The long-run impact of the power loom: evidence from 19th century Prussia

Chan, Jeff - In: Economics Bulletin 34 (2014) 3, pp. 1776-1791

Using county-level census data from 19th century Prussia, this paper argues that the introduction of the power loom, a key technological innovation in the Industrial Revolution, had a significant impact on labour market outcomes and composition 40 years later. To combat endogeneity, I use a...

Persistent link: https://www.econbiz.de/10010884983

A note on the uncertain trend in US real GNP: Evidence from robust unit root tests

Darné, Olivier; Charles, Amélie - In: Economics Bulletin 32 (2012) 3, pp. 2399-2406

In this paper, we test the presence of stochastic trend in long series of US real GNP measured by Balke and Gordon (1989) and Romer (1989), using unit root tests robust against breaks and outliers. We apply two recent robust unit root tests proposed by Cavaliere and Georgiev (2009) and Lima and...

Persistent link: https://www.econbiz.de/10011278543

Evolution of the personal income distribution in the USA: High incomes

Kitov, Ivan - In: Economics Bulletin 28 (2005) 12, pp. 0-0

relationship on the per capita real GDP growth for the period from 1994 to 2002. Predictions of the income distribution depending …

Persistent link: https://www.econbiz.de/10010835954

L'effet de la privatisation sur la croissance économique

habib, ouni - In: Economics Bulletin 28 (2005) 13, pp. 0-0

Cette étude s'inscrit dans un cadre de mise en évidence la relation entre la privatisation et la croissance économique. En effet, Plane (1997) et Bernett (2000) ont dégagé une corrélation alors que Cook et Uchida (2001) ont montré qu'il s ‘agit d'une corrélation négative. Notre étude...

Persistent link: https://www.econbiz.de/10010836265

Exchange rate and trade balance in east asia: is there a J-curve?

ONAFOWORA, OLUGBENGA - In: Economics Bulletin 5 (2003) 18, pp. 1-13

This paper examines the short run and long run effects of real exchange rate changes on the real trade balance of three ASEAN countries in their bilateral trade to the US and Japan within a cointegrating vector error correction model (VECM). Generalized impulse response funtions are estimated to...

Persistent link: https://www.econbiz.de/10005110786

Indeterminacy and the distribution of growth rates

Greiner, Alfred; Krueger, Jens J. - In: Economics Bulletin 15 (2001) 6, pp. 1-8

In endogenous growth theory models exist which are characterized by local and global indeterminacy. These concepts … imply that economies differ with respect to their growth rates on the transition path (local indeterminacy) as well as their … long-run growth rates (global indeterminacy). While the empirical density function of the levels of aggregate GDP has been …

Persistent link: https://www.econbiz.de/10005110927

The Segerstrom Model: Stability, Speed of Convergence and Policy Implications

Steger, Thomas M. - In: Economics Bulletin 15 (2003) 4, pp. 1-8

growth. Moreover, a calibrated version of the model is employed to assess the speed of convergence. The result shows that … transitional dynamics are important and, hence, the policy ineffectiveness proposition of non-scale endogenous growth models must …

Persistent link: https://www.econbiz.de/10005767621

Evolution of the personal income distribution in the USA: High incomes

Kitov, Ivan - In: Economics Bulletin 28 (2005) 12, pp. 0-0

relationship on the per capita real GDP growth for the period from 1994 to 2002. Predictions of the income distribution depending …

Persistent link: https://www.econbiz.de/10008468903

Indeterminacy and the distribution of growth rates

Alfred, Greiner; Krueger Jens J. - In: Economics Bulletin 15 (2001), pp. 1-7

Persistent link: https://www.econbiz.de/10005094630

Travel hysteresis in the US current account after the mid-1980s

Silva, Sergio Da; Moura, Guilherme; Meurer, Roberto - In: Economics Bulletin 14 (2005) 2, pp. 1-10

Following the real appreciation of the US dollar in the first half of the 1980s, travel expenditures in the current account soared. Employing standard regression techniques as well as Markov-switching regime analysis we show that such expenditures did not return to their pre-appreciation levels...

Persistent link: https://www.econbiz.de/10005094704