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Global warming and extreme events: Rethinking the timing and intensity of environment policy

Funke, Michael; Chen, Yu-Fu; Mehrota, Aaron - Institut für Makroökonomie und Wirtschaftspolitik, … - 2011

for mainland China. In a stochastic modelling framework, the riskiness, rate of increase and persistence of house price …

Persistent link: https://www.econbiz.de/10010559452

On Endogenous Growth with Physical Capital, Human Capital and Product Variety

Funke, Michael; Strulik, Holger - Institut für Makroökonomie und Wirtschaftspolitik, … - 2000

We set up an endogenous growth model with physical capital, human capital and blueprints for intermediate goods. The model can generate steady-state growth or stagnation. Along the adjustment path for a developing economy we can distinguish different stages of development. The first stage is...

Persistent link: https://www.econbiz.de/10005764588

Threshold Effects and Regional Economic Growth-Evidence from West Germany

Funke, Michael; Niebuhr, Annekatrin - Institut für Makroökonomie und Wirtschaftspolitik, … - 2005

We study an overlapping generations model of human capital accumulation with threshold effects using regional data for West Germany. Our basic goal is to shed light on what makes German regions grow. The paper finds that the relative income distribution appears to be stratifying into a trimodal...

Persistent link: https://www.econbiz.de/10005582269

The emergence and spatial distribution of Chinese seaport cities

Funke, Michael; Yu, Hao - Institut für Makroökonomie und Wirtschaftspolitik, … - 2011

Seaports have historically played a key role in facilitating trade and growth. This paper is the first attempt in the literature to analyse the formation of Chinese seaport cities and the dynamics that drives it. First, we aim to identify theoretically the emergence of urbanized seaports with...

Persistent link: https://www.econbiz.de/10010856694

The dynamics of catch-up and skill and technology upgrading in China

Funke, Michael; Chen, Xi - Institut für Makroökonomie und Wirtschaftspolitik, … - 2012

This paper accounts for China?s economic growth since 1980 in a uni-fied endogenous growth model in which a sequencing … of physical capital accumula-tion, human capital ac-cumulation and innovation drives the rise in China?s aggre … can generate a trajectory that accords well with the different stages of development in China. …

Persistent link: https://www.econbiz.de/10010559446

A Convex Hull Approach to Counterfactual Analysis of Trade Openness and Growth

Funke, Michael; Gronwald, Marc - Institut für Makroökonomie und Wirtschaftspolitik, … - 2009

In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the question "what would happen if African countries were more...

Persistent link: https://www.econbiz.de/10010559466

Export Variety and Economic Growth in East European Transition Economies

Ruhwedel, Ralf; Funke, Michael - Institut für Makroökonomie und Wirtschaftspolitik, … - 2005

Utilising panel data for 14 East European transition economies we find support for the hypothesis that a greater degree of export variety relative to the U.S. helps to explain relative per capita GDP levels.The empirical work relies upon some direct measures of product variety calculated from...

Persistent link: https://www.econbiz.de/10005572064

Threshold Effects and Regional Economic Growth-Evidence from West Germany

Funke, Michael; Niebuhr, Annekatrin - Institut für Makroökonomie und Wirtschaftspolitik, … - 2005

Persistent link: https://www.econbiz.de/10005572070

Growth and Convergence in a Two-Region Model: The Hypothetical Case of Korean Unification

Funke, Michael; Strulik, Holger - Institut für Makroökonomie und Wirtschaftspolitik, … - 2005

The paper discusses the impact and implications of Korean unification by setting up a two-region endogenous growth model. The numerical solutions are based on the formal analytical model, and have been calibrated so that it reflects the observed features of the North and South Korean economies....

Persistent link: https://www.econbiz.de/10005572073

Volatility dependence across Asia-Pacific on-shore and off-shore U.S. dollar futures markets

Colavecchio, Roberta; Funke, Michael - Institut für Makroökonomie und Wirtschaftspolitik, … - 2007

displays considerable persistence. Our analysis provides evidence that the knock-on effects from China´s U.S. dollar future …

Persistent link: https://www.econbiz.de/10005247756