Showing 1 - 10 of 110
Surges and reversals of short-term foreign liabilities are often held responsible for instabilities in international financial markets. Yet, empirical evidence on the factors determining the maturity of capital flows is scant. This paper analyzes the determinants of foreign assets of German...
Persistent link: https://www.econbiz.de/10010260632
The growth rate of total factor productivity seems to have increased recently, at least in the United States. Higher US … productivity growth may justify higher stock market valuations than in the past and thus herald an emerging New Economy. However …, the size of the estimated growth rate of total factor productivity depends on an assumption about the factor …
Persistent link: https://www.econbiz.de/10010277425
productivity gains for domestic firms. The size of FDI spillovers is economically important, accounting for about 11% of … productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for imports-related spillovers, but it …
Persistent link: https://www.econbiz.de/10010260533
Countries with the highest labor productivity overwhelmingly lie in the world's temperate climatic zones far away from … correlated with labor productivity after other variables are taken into account. We find that climatic conditions do not have a … significant impact on labor productivity once we control for factor accumulation and cultural diversity within countries. Our …
Persistent link: https://www.econbiz.de/10010265461
investment treaties as a possible determinant of BIT-related effects on bilateral FDI flows. Our estimation results prove to be …
Persistent link: https://www.econbiz.de/10014182304
Angesichts der beschäftigungspolitischen Erfolge anderer Länder ist wiederholt die Forderung erhoben worden, durch lohn-, sozial- und steuerpolitische Maßnahmen die Beschäftigung insbesondere auch im Niedriglohnbereich zu fördern unter Inkaufnahme eines gesamtwirtschaftlich geringeren...
Persistent link: https://www.econbiz.de/10005014359
Globalization has affected business cycle developments in OECD countries and has increased activities of firms across national borders. This paper analyzes whether these two developments are linked. We use a new firm-level dataset on the foreign activities of German firms to test whether foreign...
Persistent link: https://www.econbiz.de/10010260529
analysis of the main factors through which climate change will affect agricultural productivity lead to different outcomes. Our …
Persistent link: https://www.econbiz.de/10010277985
This paper introduces the concept of homogeneous non-causality in heterogeneous panels. This concept is used to examine a panel of data for evidence of a causal relationship between GDP and carbon emissions. The technique is compared to the standard test for homogeneous non-causality in...
Persistent link: https://www.econbiz.de/10010263510
The paper considers the transformation of the political system as countries pass through the Grand Transition from a poor developing country to a wealthy developed country. In the process most countries change from an authoritarian to a democratic political system. This is shown by using the...
Persistent link: https://www.econbiz.de/10010263528