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This paper examines the effects of intensified international competition on industry profits in six European Union (EU) countries. The paper uses two methods to estimate industry profits. The traditional method uses accounting data to obtain a measure of gross price-average cost margins. The...
Persistent link: https://www.econbiz.de/10014400718
This paper examines the implications of European fiscal harmonization for the French economy using a general equilibrium model. The latter extends the overlapping generations simulation model of Auerbach and Kotlikoff in three ways. A well-developed external sector is included. Households face...
Persistent link: https://www.econbiz.de/10014395833
We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany’s...
Persistent link: https://www.econbiz.de/10014395835
Cotton production in West and Central Africa (WCA) has contributed to growth and poverty reduction. Recently, the … by major cotton producers outside Africa). Several countries in WCA are undergoing reforms in the cotton sector to …
Persistent link: https://www.econbiz.de/10014401494
driven by a combination of low initial industrialization, its cotton production, and its self-sufficiency in energy …
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