Showing 1 - 10 of 166
This paper develops a liquidity measure tailored to the foreign exchange (FX) market, quanties the amount of commonality in liquidity across dierent exchange rates, and determines theextent of liquidity risk premiums embedded in FX returns. The new liquidity measure utilizesultra high frequency...
Persistent link: https://www.econbiz.de/10005868531
measurement instruments are not appropriate for diagnostic purposes, and their scores overlap substantially with other disorders …
Persistent link: https://www.econbiz.de/10015054220
Does what you exported matter? We build a new global commodity-level export database for the previous era of … globalization and find persistence in productive capabilities proxied by economic complexity, export diversification, and …
Persistent link: https://www.econbiz.de/10012606437
How costly will rising temperature due to climate change be for the U.S. economy? Recent research has used the well-identified response of output to weather to estimate this cost. But agents may adapt to the new climate. We propose a methodology to infer adaptation technology from the...
Persistent link: https://www.econbiz.de/10012429414
We study how total factor productivity (TFP), energy prices, and the Great Moderation are linked. First we estimate a … negatively affected productivity. This spillover has since disappeared. Second, we show that within the framework of a dynamic … stochastic general equilibrium model, the disappearance of this energy-productivity spillover generates the significantly lower …
Persistent link: https://www.econbiz.de/10010292361
linking this to productivity, which turns out to be important. The paper also provides an example of modeling productivity …
Persistent link: https://www.econbiz.de/10010294881
to quantify the extent to which factor accumulation induces structural change and productivity growth in industrializing … many countries. We conclude that the productivity gains through labour re-allocation are potentially a significant …
Persistent link: https://www.econbiz.de/10010263207
productivity growth in semi-industrialized economies. These effects are hypothesized to operate through the negative impact of firm … raise productivity in defense of profits, contributing to a low wage-low productivity trap. This paper presents empirical … link between increased firm mobility and lower wages, as well as slower productivity growth over the period 1970-2000. …
Persistent link: https://www.econbiz.de/10010266557
or sector, it is their productivity advantage on the local firm to determine the positive effect on domestic productivity … significant and robust Veblen-Gerschenkrion effect. The initial total factor productivity advantage of MNEs on local firm acts as … a stimulus for productivity growth of local firms in the same region. …
Persistent link: https://www.econbiz.de/10010276891
below trend - and total factor productivity (TFP), using a panel of 71 developed and developing countries during the period …
Persistent link: https://www.econbiz.de/10010278252