Narrow search
Showing 1 - 10 of 552
Cover Image
Sustained exchange rate misalignment and economic development
Martins, Guilherme Klein; Razmi, Arslan - 2022
Employing propensity score reweighting and event-based strategies, we provide evidence that sustained real exchange rate (RER) misalignments have significant effects on economic development: positive on GDP per capita and capital stock in the case of undervaluation, and negative on the capital...
Persistent link: https://www.econbiz.de/10013467125
Cover Image
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
Cover Image
A global analysis of income distribution and capacity utilization interactions: The structuralist view
Vechsuruck, Tanadej - 2017
The demand and distributive regimes are estimated from 62 countries around the world based on the Structuralist Goodwin model. The distributive regime appears to be Marxian/profit-squeeze and the demand exhibits a weekly profit-led regime. The profitled demand regime and the profit-squeeze...
Persistent link: https://www.econbiz.de/10011882739
Cover Image
Decentralizing aid with interested parties
Epstein, Gil S.; Gang, Ira N. - 2006
This paper analyzes the decentralization of decision-making in aid-giving in a theoretical rent-seeking framework. In this analysis the root donor establishes a necessary criterion for potential recipients: good governance. The potential recipients compete in hierarchal contests for funds. The...
Persistent link: https://www.econbiz.de/10010266336
Cover Image
The hope for hysteresis in foreign aid
Epstein, Gil S.; Gang, Ira N. - 2006
We argue that a purpose of foreign aid is to whet the appetite of the recipient in order to bring about a long term commitment to what the donor perceives as a need, but which the recipient may rank lower down on his list of undertakings, or may be sufficiently resource constrained as to be...
Persistent link: https://www.econbiz.de/10010266355
Cover Image
The Impact of Sectorial FDI on Economic Growth in Central, Eastern and Southeastern Europe
Miteski, Mite; Stefanova, Dijana Janevska - 2017
sectors on economic growth in a panel of sixteen Central, Eastern and Southeastern European CESEE countries using data of … different time spans within the 1998-2013 period. The empirical results show that total FDI contributes positively to the growth … industrial and services sectors has a positive and significant effect on economic growth, whereas FDI in the construction sector …
Persistent link: https://www.econbiz.de/10011785364
Cover Image
Resource misallocation and TFP gap development in Austria
Sellner, Richard; Pintar, Nico; Ernst, Norbert - 2023
In this paper we provide firm-level evidence on the role of resource misallocation for total factor productivity development in Austria. We apply the indirect approach of measuring misallocation via the dispersion in marginal products within narrowly defined industries of Hsieh and Klenow (2009)...
Persistent link: https://www.econbiz.de/10014374600
Cover Image
Exchange-rate pass-through to import prices: nonlinearities and exchange rate and inflationary regimes
Kılıç, Rehim - 2010
This paper investigates the relationship between exchange rate pass-through and exchange rate appreciations/depreciations and inflation by estimating nonlinear time series models. Motivated by theoretical and empirical results in the literature, the paper proposes new econometric models that can...
Persistent link: https://www.econbiz.de/10010273645
Cover Image
A tale of two deficits: Public budget balance of reserve currency countries
Steiner, Andreas - 2013
Central banks invest their foreign exchange reserves predominantly in government bonds. The global accumulation of reserves therefore affects the equilibrium in the market for government bonds of reserve currency countries. By means of a panel data analysis we examine the relationship between...
Persistent link: https://www.econbiz.de/10010343288
Cover Image
Exchange rate misalignments: Historical experience of Japan, Germany, Singapore and Taiwan compared to China today
Qin, Duo; He, Xinhua; Liu, Yimeng - 2010
This is a comparative study on the historical experience of real effective exchange rate (REER) misalignment of Japanese yen, Deutsche mark, Singapore dollar and Taiwan dollar, with regard to the recent dispute over the Renminbi (RMB) valuation. Panel-based misalignment estimates of the four...
Persistent link: https://www.econbiz.de/10010280742