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Hysteresis in labor markets? : evidence from professional long-term forecasts

Bluedorn, John Christopher; Leigh, Daniel - 2019

-term effects on expected employment and labor force participation, suggesting positive hysteresis. Our forecast evaluation tests …

Persistent link: https://www.econbiz.de/10012022008

Macroeconomic policy, product market competition, and growth : the intangible investment channel

Ahn, JaeBin; Duval, Romain; Sever, Can - 2020

While there is growing evidence of persistent or even permanent output losses from financial crises, the causes remain unclear. One candidate is intangible capital - a rising driver of economic growth that, being non-pledgeable as collateral, is vulnerable to financial frictions. By sheltering...

Persistent link: https://www.econbiz.de/10012170156

Deer Hunting : Misalignment, Debt Accumulation, and Desired Equilibrium Exchange Rates

Taylor, Mark P. - 1993

This paper deals with hysteresis in the desired equilibrium exchange rate (DEER) arising from misalignment. When the … formal expression for this hysteresis effect in the DEER, studies the convergence properties of a system in which the …. Finally, the paper derives and applies rules of thumb for computing the hysteresis effect when considering the rate of …

Persistent link: https://www.econbiz.de/10014396472

Effective trade costs and the current account : an empirical analysis

Boz, Emine; Li, Nan; Zhang, Hongrui - 2019

A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...

Persistent link: https://www.econbiz.de/10012001519

Growth Gains From Trade and Education

Kim, Yong-jin - 1999

This paper presents a multisector growth model where education enhances general human capital, which is essential for increasing or maintaining the mobility of workers across industries. The paper shows that education, combined with international trade, can affect growth positively in the long...

Persistent link: https://www.econbiz.de/10014400198

Are there International RandD Spillovers Among Randomly Matched Trade Partners? A Response to Keller

Coe, David T. - 1999

Keller (1998) reexamines Coe and Helpman’s (1995) analysis of international R&D spillovers focusing on the weights used to define the foreign R&D capital stock. Keller creates “random” weights and shows that they give rise to positive estimates of international R&D spillovers, casting...

Persistent link: https://www.econbiz.de/10014400704

International Trade and the Business Cycle

Prasad, Eswar - 1999

This paper develops a new empirical framework for analyzing the dynamics of the trade balance in response to different types of macroeconomic shocks. The model provides a synthetic perspective on the conditional correlations between the business cycle and the trade balance that are generated by...

Persistent link: https://www.econbiz.de/10014400973

Estimating Trade Equations From Aggregate Bilateral Data

Bayoumi, Tamim - 1999

This paper uses bilateral data on 420 merchandise trade flows between 21 industrial countries are used to estimate standard trade equations. The data set of over 11,000 observations allows the underlying elasticities to be estimated with considerable precision. Remarkably, a single specification...

Persistent link: https://www.econbiz.de/10014401050

Putting the Parts together : Trade, Vertical Linkages, and Business Cycle Comovement

Levchenko, Andrei A. - 2009

Countries that trade more with each other exhibit higher business cycle correlation. This paper examines the mechanisms underlying this relationship using a large cross-country industry-level panel dataset of manufacturing production and trade. We show that sector pairs that experience more...

Persistent link: https://www.econbiz.de/10014402276

Trade, Inequality, and the Political Economy of Institutions

Levchenko, Andrei A. - 2006

We analyze the relationship between international trade and the quality of economic institutions, such as contract enforcement, rule of law, and property rights. In our model, firms differ in their preferences for institutional quality, which is determined endogenously in a political economy...

Persistent link: https://www.econbiz.de/10014402396

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