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This paper estimates the costs of EU restraints on trade in textiles and clothing. After explaining the methods used …, we examine the impact of an opening up of EU trade in textiles and clothing, inter alia to those economies where the …
Persistent link: https://www.econbiz.de/10011472459
productivity growth between Northern and Southern FDI, irrespective of how the latter is defined. However, we find that employment …
Persistent link: https://www.econbiz.de/10011658781
This paper analyzes the horizontal productivity effects of foreign direct investment (FDI) from industrialized and …, and North Africa. We find strong evidence of horizontal productivity spillovers to domestic firms derived from foreign …-firm presence. However, these effects are clearly dependent on domestic firms’ absorptive capacity. The largest productivity effects …
Persistent link: https://www.econbiz.de/10010461743
Economic policy interventions of a scale as effected in eastern Germany can be expected to have a significant impact on the economy, which may be in accordance with the objectives of the policy measures or manifest itself in distortions of several kinds. This paper analyzes the structural...
Persistent link: https://www.econbiz.de/10011472466
This paper elaborates on the relative importance of sectoral shocks for real economic activity in Germany. Implications of multisectoral real business cycle models are examined by resorting to testing techniques based on stock market returns. The empirical evidence is obtained by calculating...
Persistent link: https://www.econbiz.de/10011476130
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/10011477079
productivity (TFP) on the equilibrium relative wage of low-skilled workers in eleven high-income countries. The key finding is that …
Persistent link: https://www.econbiz.de/10011490893
Based on Baumol’s cost-disease model, we develop two alternative measures of the change in the productivity of … schooling. Both productivity measures are based on changes in the relative price of schooling. We find that in most OECD … countries the price of schooling has increased faster in 1970-94 than would be compatible with constant schooling productivity …
Persistent link: https://www.econbiz.de/10011491109
through which major emerging economies (BRICs, i.e., Brazil, Russian Federation, India and China) could catch up with advanced … source countries in terms of total factor productivity (TFP). We find that the importance of these transmission mechanisms …
Persistent link: https://www.econbiz.de/10010479372
Persistent link: https://www.econbiz.de/10001756155