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On the Determinants of Labour Market Institutions: Rent-sharing vs. Social Insurance

Agell, Jonas - 2000

What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...

Persistent link: https://www.econbiz.de/10010321727

Public investment in developing countries: A blessing or a curse?

Cavallo, Eduardo; Daude, Christian - 2008

in countries with worse institutions or that lack trade and financial openness. …

Persistent link: https://www.econbiz.de/10010278277

Understanding Reserve Volatility in Emerging Markets: A Look at the Last Thirty Years

Demarmels, Ricarda; Fischer, Andreas M. - 2002

volatility for 30 emerging market economies from 1973 to 2000. We find that reserve holdings and openness to be the most …

Persistent link: https://www.econbiz.de/10011430032

Understanding Reserve Volatility in Emerging Markets: A Look at the Long-Run

Demarmels, Ricarda; Fischer, Andreas - 2003

economies from 1973 to 2000. Reserve holdings and openness are found to be the most important explanatory variables of reserve …

Persistent link: https://www.econbiz.de/10011430045

Why does the amount of income redistribution differ between United States and Europe? The Janus face of Switzerland

Akkoyunlu, Sule; Neustadt, Ilja; Zweifel, Peter - 2009

In this paper, the amount of income redistribution in the United States, the European Union, and Switzerland is compared and empirically related to economic, political, and behavioral determinants elaborated in the literature. Lying in between the two poles, Switzerland provides unique evidence...

Persistent link: https://www.econbiz.de/10010315581

Takeoffs

Aizenman, Joshua; Spiegel, Mark - 2007

de jure trade openness is positively and significantly associated with takeoffs. A one standard deviation increase in de … jure trade openness is associated with a 55% increase in the probability of a takeoff in our default specification. We also … find evidence that capital account openness encourages takeoff responses, although this channel is less robust. Measures of …

Persistent link: https://www.econbiz.de/10010285304

Entry barriers, competition, and technology adoption

Fang, Lei - 2009

There are large differences in income per capita across countries. Growth accounting finds that a large part of the differences comes from the differences in total factor productivity (TFP). This paper explores whether barrier to entry is an important factor for the cross-country differences in...

Persistent link: https://www.econbiz.de/10010292318

Productivity analysis by using firm-level data: The case of Macedonia

Jovanovic, Biljana - 2018

Productivity, the efficiency by which firms convert inputs into output is central concept in growth related discussions. This research is focused on analyzing productivity on a sample of Macedonian firms. The goal is twofold - first, to construct productivity indicators by using firm-level data,...

Persistent link: https://www.econbiz.de/10012109772

Barriers to accumulation and productivity differences in a two sector growth model

Landon-Lane, John S.; Robertson, Peter E. - 2005

Barriers to investment are often regarded as an important determinant of the variation in international income levels. Nevertheless, in the standard neoclassical growth model, these barriers have only have small effects on per capita incomes. We consider the effects of barriers to accumulation...

Persistent link: https://www.econbiz.de/10010274517

Total Factor Productivity and the Real Exchange Rate in a Small Open Economy: The Relative Importance of Permanent and Transitory Shocks

Hjelm, Göran - 2001

Recent theoretical research suggest that monetary shocks might play an important role in explaining movements in the real exchange rate in the short and medium run. Empirically, the contribution of transitory (monetary) disturbances in explaining the variance decomposition of real exchange rates...

Persistent link: https://www.econbiz.de/10013208427