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useful information about variables such as commodity prices which matter for aggregate demand and thus inflation. Given this …
Persistent link: https://www.econbiz.de/10010269974
are characterized by higher productivity levels than exporters on average, the productivity ranking predicted by Helpman …
Persistent link: https://www.econbiz.de/10010274446
Using a large panel data set of German manufacturing establishments, this paper investigates the impact of competition … relationship between product market competition and firms' incentives to invest in employees' general skills (Gersbach and … Schmutzler 2006). In our empirical analysis, product market competition is approximated by various measures of competition such …
Persistent link: https://www.econbiz.de/10010264712
We use parametric power ARCH models of the conditional variance of inflation to model the relationship between … inflation and its uncertainty using monthly data for Germany, the Netherlands and Sweden over a period ranging from 1962 to 2004 ….For all three countries inflation significantly raises inflation uncertainty as predicted by Friedman. Increased …
Persistent link: https://www.econbiz.de/10010274364
This paper examines the interactions between money, consumer prices and commodity prices at a global level from 1970 to 2008. Using aggregated data for major OECD countries and a cointegrating VAR framework, we are able to establish long run and short run relationships among these variables...
Persistent link: https://www.econbiz.de/10010265799
abroad (market-driven vs. resource-driven FDI). Second, we highlight the role of productivity growth in the post-entry period …. Our findings suggest that productivity affects the FDI decision considerably whereas expected feedback and learning … effects of FDI on productivity are remarkably lower. We further detect that more market-driven MNEs exhibit a higher …
Persistent link: https://www.econbiz.de/10010265786
-stage simulation making a distinction between immediate direct effects and possible long-run effects from increased productivity. While …
Persistent link: https://www.econbiz.de/10010265808
domestic productivity. Our results display some heterogeneity across industries and types of acquisitions, suggesting a …
Persistent link: https://www.econbiz.de/10010269996
Despite similar levels of per capita income, education, and technology the development of labour shares in OECD countries has displayed different patterns since 1960. The paper examines the role of demography in this regard. Employing an overlapping generations model we first examine the...
Persistent link: https://www.econbiz.de/10010269987
This paper examines the long-run relationship between energy consumption and real GDP, including energy prices, for 25 OECD countries from 1981 to 2007. The distinction between common factors and idiosyncratic components using principal component analysis allows to distinguish between...
Persistent link: https://www.econbiz.de/10010273561