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Long-run growth patterns within Asian NIEs: Empirical analysis based on the panel unit root test, allowing the heterogeneity of time trend and endogenous multiple structural breaks
Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2008
of the Asian financial crisis. Moreover, in order to confirm the coexistence of the different growth patterns within the …
Persistent link: https://www.econbiz.de/10005260211
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Currency Undervaluation and Growth: Is there a Productivity Channel?
Mbaye, Samba - Volkswirtschaftliche Fakultät, … - 2012
Undervaluation of the currency is generally believed to affect growth through two main transmission channels: the … “capital accumulation channel” and the “total factor productivity (TFP) growth channel”. This paper carries out the first … empirical investigation on the TFP growth channel. More specifically, we provide answers to the three following questions: Does …
Persistent link: https://www.econbiz.de/10011260337
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The Role of Telecommunication Infrastructure in the Regional Economic Growth of Africa
Enowbi Batuo, Michael - Volkswirtschaftliche Fakultät, … - 2008
This paper deals with the effects of telecommunications on the economic growth in African countries. The … investigate empirically the role of telecommunication infrastructures on long-run economic growth in 40 African countries, for the … significant and positive correlation between telecommunication infrastructures and regional growth in Africa, after controlling …
Persistent link: https://www.econbiz.de/10008560033
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Do Cross-Section Dependence and Parameter Heterogeneity Matter? Evidence on Human Capital and Productivity in Greece
Benos, Nikos; Karagiannis, Stelios - Volkswirtschaftliche Fakultät, … - 2013
evidence shows that tertiary education has a strong positive association with labor productivity growth, while secondary … with growth. Overall, findings suggest that policy makers should account for spillovers alongside technology heterogeneity …
Persistent link: https://www.econbiz.de/10011114516
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Do Exchange Rate Regimes Matter? Evidence for Developing Countries
Larrain, Felipe; Parro, Francisco - Volkswirtschaftliche Fakultät, … - 2006
the evidence for 154 countries over the period 1974-2004. Performance is measured by per capita GDP growth and its … volatility. Our results show that floating rates tend to present higher levels of growth and lower levels of volatility in … bottom of the growth rankings, while hard pegs appear to induce the largest growth volatility. In light of these results, it …
Persistent link: https://www.econbiz.de/10009495125
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On the Determinants of Exchange Rate Misalignments
Saadaoui, Jamel; Mazier, Jacques; Aflouk, Nabil - Volkswirtschaftliche Fakultät, … - 2013
The literature on exchange rate misalignments is very extensive as well as the literature on exchange rate determinants. To our knowledge, however, no study has analyzed the determinants of exchange rate misalignments. As huge capital inflows have been pouring into emerging countries since the...
Persistent link: https://www.econbiz.de/10011111869
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Global Currency Misalignments, Crash Sensitivity, and Downside Insurance Costs
Huang, Huichou; MacDonald, Ronald; Zhao, Yang - Volkswirtschaftliche Fakultät, … - 2012
We show that the profitability of currency carry trades can be understood as the compensation for exchange rate misalignment risk based on the rare disastrous model of exchange rates (Farhi and Gabaix, 2008). It explains over 97% of the cross-sectional excess returns and dominates other...
Persistent link: https://www.econbiz.de/10011112267
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Exchange Rate Misalignments, Fiscal Federalism and Redistribution: How to Adjust in a Monetary Union
Duwicquet, Vincent; Mazier, Jacques; Saadaoui, Jamel - Volkswirtschaftliche Fakultät, … - 2012
The euro zone crisis illustrates the insufficiency of adjustment mechanisms in a monetary union characterized by a large heterogeneity. Exchange rate adjustments being impossible, they are very few alternative mechanisms. This situation reflects a simple diagnosis. At the level of the whole euro...
Persistent link: https://www.econbiz.de/10011257911
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The Effects of Exchange Rate Volatility on Economic Growth in Iran
Sanginabadi, Bahram; Heidari, Hassan - Volkswirtschaftliche Fakultät, … - 2012
This paper investigates the effects of exchange rate volatilities on economic growth of Iran over the flexible exchange …. (2001). Our results show a significant relationship between Iranian growth volume and real exchange rate volatility. The … long run results of ARDL model show that the effect of exchange rate volatility on economic growth is negative. ECM …
Persistent link: https://www.econbiz.de/10011110892
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Knock-on effect of non-manufacturing regulation on manufacturing sectors efficiency and productivity
Fioramanti, Marco - Volkswirtschaftliche Fakultät, … - 2011
Since the mid of nineties European countries are registering an anemic growth of economic activity, in large part due … to the dynamic of productivity. In 2010 the European Council adopted a new Agenda, Euro2020, which aim is to boost growth … focuses on the determinants of Total Factor Productivity (TFP) growth in 13 manufacturing sectors in a panel of 18 OECD …
Persistent link: https://www.econbiz.de/10009226952