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This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to...
Persistent link: https://www.econbiz.de/10010287667
well spent. Is there an objective way to assess the quality of a nation's world-leading science? I attempt to suggest a … method, and illustrate it with modern data on economics. Of 450 genuinely world-leading journal articles, the UK produced 10 …
Persistent link: https://www.econbiz.de/10010269637
According to the traditional 'optimum currency area' approach, not much will be lost from a very hard peg to a currency union if there has been little reason for variations in the exchange rate. This paper takes a different approach and highlights the fact that high exchange rate volatility may...
Persistent link: https://www.econbiz.de/10010261804
This study reports results from an empirical investigation of business services sector firms that (start to) export … and productivity hold in the years before the export start, which indicates self-selection into exporting of more … relationship between profitability and starting to export is found. …
Persistent link: https://www.econbiz.de/10010274711
estimating panel regressions for a world and an OECD country sample. The empirical results suggest a positive correlation between …
Persistent link: https://www.econbiz.de/10010267471
This paper provides new estimates of the effects of ethnic network on U.S. exports. In line with recent research, our dataset is a panel of exports from U.S. states to 29 foreign countries. Our analysis departs from the literature in two ways, both of which show that previous estimates of the...
Persistent link: https://www.econbiz.de/10010267294
those contributing to export by the largest margin. Business network effects seem particularly important in stimulating …
Persistent link: https://www.econbiz.de/10010289979
Microeconomic theory predicts that under certain regularity conditions higher idiosyncratic risk increases the propensity to insure against independent marketable risks. We apply these predictions to the specific case of labor income risk and car insurance using data from the UK. The main...
Persistent link: https://www.econbiz.de/10010262448
richest exhibit a strikingly similar pattern, falling in the three decades after World War II, before rising sharply from the …
Persistent link: https://www.econbiz.de/10010270632
The number of people who have ever experienced a divorce, or a split up of a non-marital union, is rising every year. It is well known that union dissolution has a disruptive effect on the housing careers of those involved, often leading to downward moves on the housing ladder. Much less is...
Persistent link: https://www.econbiz.de/10010278542