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Over the last decade, the internal and external macroeconomic imbalances in China have risen to unprecedented levels. In 2008, China's national savings rate soared to over 53 percent of its GDP, whereas its current account surplus exceeded 9 percent of GDP. The current paper presents a unified...
Persistent link: https://www.econbiz.de/10013098458
Member countries of the European Monetary Union (EMU) initiated wide-ranging labor market reforms in the last decade. This process is ongoing as countries that are faced with serious labor market imbalances perceive reforms as the fastest way to restore competitiveness within a currency union....
Persistent link: https://www.econbiz.de/10013046659
For more than two decades now, current-account imbalances are a crucial issue in the international policy debate as they threaten the stability of the world economy. More recently, the government debt crisis of the European Union shows that internal current account imbalances inside a currency...
Persistent link: https://www.econbiz.de/10012930946
Carlo experiments, where we also study the estimation of the aggregate effects of micro and macro shocks. The paper …
Persistent link: https://www.econbiz.de/10013129942
We develop and estimate a panel data model explaining the answers to questions about subjective probabilities, using …
Persistent link: https://www.econbiz.de/10013136709
This paper proposes maximum likelihood estimators for panel seemingly unrelated regressions with both spatial lag and … spatial lag dependent variable and where the heterogeneity in the panel is incorporated via an error component specification … spatial autocorrelation and random effects for this spatial SUR panel model. The small sample performance of the proposed …
Persistent link: https://www.econbiz.de/10013137243
An emerging literature on international activities of heterogeneous firms documents that exporting firms are more productive than firms that only sell on the national market. This positive exporter productivity premium shows up in a large number of empirical studies after controlling for...
Persistent link: https://www.econbiz.de/10013139057
Taking advantage of the panel structure of the data, the impact of intermarriage on labor market productivity as …
Persistent link: https://www.econbiz.de/10013139334
panel data set for Serbia, this paper combines both of these issues. Estimation of gross transition probabilities reveals … (panel) data. By examining labor market transitions, earnings levels, and earnings growth and their correlates using a recent …
Persistent link: https://www.econbiz.de/10013117835
Using data from the German Socio-Economic Panel, we examined the impact of social contacts on immigrant occupational …
Persistent link: https://www.econbiz.de/10013123591