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The return of the policy that shall not be named : principles of industrial policy

Chérif, Réda; Hasanov, Fuad - 2019

Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...

Persistent link: https://www.econbiz.de/10012010001

The granular origins of macroeconomic fluctuations in Europe

Ebeke, Christian; Eklou, Kodjovi M. - 2017

fluctuations. The paper also assesses the strength of spillovers from large firms onto SMEs. Using firm-level data covering over 14 …) positive granular shocks at large firms spill over to domestic SMEs' output, especially if SMEs' balance sheets are healthy and … if SMEs belong to the services and manufacturing sectors …

Persistent link: https://www.econbiz.de/10011748905

When do structural reforms work? : on the role of the business cycle and macroeconomic policies

Bordon, Anna Rose; Ebeke, Christian; Shirono, Kazuko - 2016

Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down … reforms have a lagged but positive impact on employment creation, and the positive effect remains even after controlling for …

Persistent link: https://www.econbiz.de/10011705482

The leap of the tiger : how Malaysia can escape the middle-income trap

Chérif, Réda; Hasanov, Fuad - 2015

Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in...

Persistent link: https://www.econbiz.de/10011374753

A European minimum wage : implications for poverty and macroeconomic imbalances

Detragiache, Enrica; Ebeke, Christian; Jirasavetakul, … - 2020

A hypothetical European Minimum Wage (MW) set at 60 percent of each country's median wage would reduce in-work poverty but have limited effects on overall poverty, as many poor households do not earn a wage near MW and higher unemployment, higher prices, and a loss of social insurance benefits...

Persistent link: https://www.econbiz.de/10012251363

A TIP against the COVID-19 pandemic

Chérif, Réda; Hasanov, Fuad - 2020

A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...

Persistent link: https://www.econbiz.de/10012252486

Who dares, wins : labor market reforms and sovereign yields

Ebeke, Christian - 2017

The paper shows that investors value the adoption of structural reforms by lending at lower cost. The reform-induced reduction of long-term yields is bigger when reforms are initiated in good times and in countries facing high borrowing costs. Importantly, there is no statistical evidence that...

Persistent link: https://www.econbiz.de/10011704897

Knowledge spillovers from superstar tech-firms : the case of Nokia

Ali-Yrkkö, Jyrki; Chérif, Réda; Hasanov, Fuad; … - 2021

spillovers on firms is particularly strong in terms of employment and value added …

Persistent link: https://www.econbiz.de/10012796292

Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …

Persistent link: https://www.econbiz.de/10012517949

Competition, innovation, and inclusive growth

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

We provide an overview of the theories and empricial evidence on the complex relationship among innovation, competition …, and inclusive growth. Competition and innovation-led growth are critical to drive productivity gains and support broad …-based growth. However, new technologies and trends in market concentration are stifling future innovation while contributing to the …

Persistent link: https://www.econbiz.de/10012518975