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Beyond Balassa and Samuelson: Real convergence, capital flows, and competitiveness in Greece
Belke, Ansgar; Haskamp, Ulrich; Schnabl, Gunther; … - 2015
We scrutinize the role of capital flows in competitiveness in a set of seven euroarea member countries (Estonia, Greece, Latvia, Lithuania, Portugal, Slovenia, and the Slovak Republic) in the context of real convergence and crisis. A specific focus is on Greece. The paper extends the seminal...
Persistent link: https://www.econbiz.de/10011372079
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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10010265796
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Current Account Balances and Structural Adjustment in the Euro Area
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - 2010
In the past decade, a set of euro area countries has accumulated large current account deficits. After a brief relaxation of the euro area internal imbalances in the wake of the financial crisis, it appears as if this pattern arises anew when times normalize again and Germany still sticks to...
Persistent link: https://www.econbiz.de/10010269989
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Real Convergence, Capital Flows, and Competitiveness in Central and Eastern Europe
Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - Rheinisch-Westfälisches Institut für … - 2009
The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...
Persistent link: https://www.econbiz.de/10008509371
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Current Account Balances and Structural Adjustment in the Euro Area
Belke, Ansgar; Zemanek, Holger; Schnabl, Gunther - Rheinisch-Westfälisches Institut für … - 2010
In the past decade, a set of euro area countries has accumulated large current account defi cits. After a brief relaxation of the euro area internal imbalances in the wake of the fi nancial crisis, it appears as if this pattern arises anew when times normalize again and Germany still sticks to...
Persistent link: https://www.econbiz.de/10008518197
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Trade and capital flows - substitutes or complements? An empirical investigation
Belke, Ansgar; Domnick, Clemens - 2018
This paper examines the linkages between the trade of goods and financial assets. Do both flows behave as complements … macroeconomics, the empirical evidence has remained relatively scarce so far, in particular for the Euro area where trade and … from 2002-2012, to test the so-called trade-finance nexus. Since theoretical models stress that both flows might be …
Persistent link: https://www.econbiz.de/10011919021
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National Champion Versus Foreign Takeover
Südekum, Jens - 2008
where the government is unbiased and only cares about welfare we find that falling trade barriers trigger the cross … qualitatively different effect. The foreign takeover would then only emerge in an intermediate range of trade costs. Once trade …
Persistent link: https://www.econbiz.de/10010264736
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Trade-FDI Linkages in a System of Gravity Equations for German Regional Data
Mitze, Timo; Alecke, Björn; Untiedt, Gerhard - 2009
We analyse the nature of German trade-FDI linkages within the EU27 based on a simultaneous equation gravity approach … framework in explaining German trade and FDI activity. Looking carefully at cross-variable linkages we basically find … substitutive links between trade flows and outward FDI in line with earlier empirical evidence for Germany. Building upon German …
Persistent link: https://www.econbiz.de/10010264751
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Within and Between Panel Cointegration in the German Regional Output-Trade-FDI Nexus
Mitze, Timo - 2010
German regional data (NUTS 1 level) for GDP, trade, and FDI activity during the period 1976-2005. Applying various … of positive and negative effects of trade/FDI on output activity for a system of interconnected regions. …
Persistent link: https://www.econbiz.de/10010273589
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The Spatial Dimension of Trade- and FDI-driven Productivity Growth in Chinese Provinces – A Global Cointegration Approach
Özyurt, Selin; Mitze, Timo - 2012
inflows and its international trade integration has advanced considerably. In this study, we take a closer look at the … Trade- and FDI-led growth in a dynamic error correction modelling framework. Our results indicate that, in the long …-run relationship, regional labour productivity is indeed driven by direct and indirect spatial effects of FDI and trade activity next …
Persistent link: https://www.econbiz.de/10010287354