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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
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10003832101
This paper estimates a series of shocks to hit the US economy during the Great Depression, using a New Keynesian model with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the cyclical behavior of employment, while an increase in...
Persistent link: https://www.econbiz.de/10003872040
This paper studies external sovereign bonds as an asset class. We compile a new database of 266,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering up to 91 countries. Our main insight is that, as in...
Persistent link: https://www.econbiz.de/10012807817
is increasing in its productivity, with the most productive multinationals choosing not to rely on a foreign partner at … direct investment ; multinational enterprise ; joint venture ; productivity …
Persistent link: https://www.econbiz.de/10003726051
do more than one of those activities. In our estimation we consider the relationship between productivity all the choice …
Persistent link: https://www.econbiz.de/10003757573
their engagement in already existing Indian firms. Most notably, the productivity of the German parents matters only for …
Persistent link: https://www.econbiz.de/10003772206
This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct … externalities and other intra- and inter-regional spillovers generated by domestic firms. The productivity effects of these … explicitly as determinants of total factor productivity, and tests several empirical specifications of this model, using data for …
Persistent link: https://www.econbiz.de/10003864488
's productivity growth depends upon its distance from the world's technological leader. One motivating contemporary example includes …
Persistent link: https://www.econbiz.de/10003485602
technology imported from non-leaders increases exports by about 28 percent. -- Technology Choice ; Exporting ; Productivity …
Persistent link: https://www.econbiz.de/10003956230