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Institutional Trap
Polterovich, Victor - Volkswirtschaftliche Fakultät, … - 2007
One of the main obstacles for successful economic development is the formation of institutional traps, inefficient yet stable norms of behaviour. Domination of barter exchange, arrears, corruption and black market activities are examples of institutional traps that have hampered reforms in...
Persistent link: https://www.econbiz.de/10008596422
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Learning and Hysteresis in a Dynamic Coordination Game
Rungcharoenkitkul, Phurichai - Volkswirtschaftliche Fakultät, … - 2006
effect induces equilibrium actions that support the status quo, a property we call hysteresis. …
Persistent link: https://www.econbiz.de/10009277280
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Productivity Shocks, Unemployment Persistence, and the Adjustment of Real Wages in OECD Countries
Pascalau, Razvan - Volkswirtschaftliche Fakultät, … - 2007
This paper applies a set of unit root and cointegration tests with non-linear error-correction mechanisms to a subset of the OECD countries to investigate the empirical conclusions of some of the labor market models in the literature. I generally find that the unemployment rate, productivity,...
Persistent link: https://www.econbiz.de/10005619682
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Regional recessions and recoveries in theory and practice: a resilience-based overview
Di Caro, Paolo - Volkswirtschaftliche Fakultät, … - 2014
This paper surveys recent developments related to regional recessions and recoveries. Building on the idea of regional resilience, selected theoretical and empirical contributions are discussed in order to provide an overview of this area of research that looks at both equilibrium- and...
Persistent link: https://www.econbiz.de/10011109315
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Relative Prices, Hysteresis, and the Decline of American Manufacturing
Campbell, Douglas L. - Volkswirtschaftliche Fakultät, … - 2013
destruction and suppressed job creation, and appear to exhibit hysteresis. Additionally, more open sectors experienced relative …
Persistent link: https://www.econbiz.de/10011109329
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Testing and explaining economic resilience with an application to Italian regions
Di Caro, Paolo - Volkswirtschaftliche Fakultät, … - 2014
This paper studies regional economic resilience by exploiting the properties of the nonlinear smooth-transition autoregressive model. A testing procedure to distinguish between engineering and ecological resilience is presented, and a measurement of economic resilience is provided. Regional...
Persistent link: https://www.econbiz.de/10011109443
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Coordination failure cycle
Rungcharoenkitkul, Phurichai - Volkswirtschaftliche Fakultät, … - 2005
by belief hysteresis, where learning in active regime fuels optimism, propelling an expansion. After an inevitable regime …
Persistent link: https://www.econbiz.de/10011112791
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Hysteresis in Unemployment: Panel Unit Roots Tests Using State Level Data
Mohan, Ramesh; Kemegue, Francis; Sjuib, Fahlino - Volkswirtschaftliche Fakultät, … - 2007
Most studies that use classical unit-root tests in OECD countries support the unemployment hysteresis hypothesis … number of panel unit root tests, which are known to overcome specification problems, to check the existence of hysteresis in …, refuting the unemployment hysteresis hypothesis. …
Persistent link: https://www.econbiz.de/10005786989
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Hysteresis vs. natural rate of unemployment: One, the other, or both?
Kula, Ferit; Aslan, Alper - Volkswirtschaftliche Fakultät, … - 2008
This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education … unemployment rates by primary and secondary education attainment in total unemployment, and therefore the existence of hysteresis … while there is no evidence of hysteresis for unemployment rates by tertiary education. …
Persistent link: https://www.econbiz.de/10005789372
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Exchange rate determination of TL/US$: a co-integration approach
Levent, Korap - Volkswirtschaftliche Fakultät, … - 2008
stemmed from the existence of some form of hysteresis effects dominated in the nominal exchange rate. …
Persistent link: https://www.econbiz.de/10008556305