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Inflation persists at moderate rates of 15-30 percent in all the countries that successfully reduced triple digit … inflations in the 1980s. Several other countries, for example Colombia, have experienced moderate inflation for prolonged periods …. In this paper we first set out theories of persistent inflation, which can be classified into those emphasizing …
Persistent link: https://www.econbiz.de/10013245721
securitize real estate assets on non-real estate firms in Spain. We show that equilibrium dynamics nullify the strong local …
Persistent link: https://www.econbiz.de/10013135238
This paper uses a rich panel dataset of Spanish manufacturing firms (1990-2006) and a propensity score reweighting estimator to show that multinational firms acquire the most productive domestic firms, which, on acquisition, conduct more product and process innovation (simultaneously adopting...
Persistent link: https://www.econbiz.de/10013135408
This paper develops a simple framework to estimate the parameters of the production function together with the elasticity of the demand for the output and the impact of demand and cost shifters. The use of this framework helps, in the first place, to treat successfully the difficult problem of...
Persistent link: https://www.econbiz.de/10013139891
destroyed the Bretton Woods System. Greece, Ireland, Portugal, Spain and Italy have suffered from balance-of-payments deficits …
Persistent link: https://www.econbiz.de/10013118098
improvements in the mortality rates among older individuals in Spain, the employment rates of individuals older than fifty …
Persistent link: https://www.econbiz.de/10013125169
61,000 persons in Spain in 1985 when unemployment exceeded 20%--to examine the effect of unemployment insurance (UI) and …
Persistent link: https://www.econbiz.de/10013126008
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10013101075
process in Greece, Spain, Ireland, and Portugal and, by way of contrast, in Germany, a country that did experience a reform …
Persistent link: https://www.econbiz.de/10013084731
We use census data for the US, Canada, Spain, and UK to estimate bilateral migration rates to these countries from 25 … payments crises and natural disasters. Latin American migration to Canada, Spain, and the UK, in contrast, is largely …
Persistent link: https://www.econbiz.de/10013069156