Showing 1 - 10 of 113
The dissolution of the Soviet Union in 1991 has led to the independence of fifteen new states. Twelve of these, including Ukraine, joined the Commonwealth of Independent States (CIS) whose goal was to form a common economic space with free movement of goods, labor and capital. Twenty five years...
Persistent link: https://www.econbiz.de/10011526134
This paper documents the existence of large structural breaks in the unconditional correlations among the British pound, Norwegian krone, Swedish krona, Swiss franc, and euro exchange rates (against the US dollar) during the period 1994-2003. Using the framework of dynamic conditional...
Persistent link: https://www.econbiz.de/10010325483
This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization … for the closer integration with Russia and the impact of this process on Belarus growth led us to the conclusion that the … conclusion is supported by the results of country-specific growth regressions and of a counterfactual free trade experiment via a …
Persistent link: https://www.econbiz.de/10010324938
-run equilibrium characteristic of a two-region model with fixed exchange rates, heterogeneous labor markets, and endogenous growth …. Under flexible exchange rates, monetary policy closes output gaps and realizes the associated maximum TFP growth in both … regions. Upon fixing exchange rates, the region with higher structural wage inflation falls into a low-growth trap. When …
Persistent link: https://www.econbiz.de/10013356487
, taxation and growth,most empirical analyses arerestricted to simple linear regressions of growth on some measure of … knowledgeon the complex relationship between fiscal policies and economic growth, notonly nationally but also regionally. …
Persistent link: https://www.econbiz.de/10010324618
- and labour-productivity growth. …
Persistent link: https://www.econbiz.de/10010325188
This paper addresses the interplay between economic growth, energy use, change in sectoral composition and … considerably to macroeconomic energy-productivity growth while in other countries they partly offset energy-efficiency improvements … also find labour productivity growth to be higher on average than energy productivity growth. Over time, this bias towards …
Persistent link: https://www.econbiz.de/10010325213
This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by … considerably to aggregate manufacturing energy-productivity growth and, hence, to decoupling, while in other countries they partly … manufacturing labour-productivity developments. Furthermore, we find labour-productivity growth to be higher on average than energy …
Persistent link: https://www.econbiz.de/10010325244
A major question in the globalization debate is whether outsourcing and offshoring activities are beneficial to the home country. This paper investigates the effects on productivity and trade from the perspective of transaction costs, using a recent theory on trade in tasks. A production...
Persistent link: https://www.econbiz.de/10010325596
forecasts of macro-level productivity growth. The paper employs current research methods on estimating firm-level productivity …
Persistent link: https://www.econbiz.de/10010325710