Showing 1 - 10 of 551
legislation are viewed as impeding firm growth decreases with political influence and, independently, with a country's level of …
Persistent link: https://www.econbiz.de/10010278305
panel data (1986-1998) for Sweden's municipalities. The results indicate that labor market programs have relatively large …
Persistent link: https://www.econbiz.de/10010321765
institutions, and tests whether such labor rigidities are conducive to long-run growth. We find that non-enforceable labor … regulations do not have a bearing on economic growth, but enforceable labor regulations do. In fact, when using a GMM-IV method … for a panel data of countries during the period 1970-2000 that accounts for weak endogeneity, we find that such a link is …
Persistent link: https://www.econbiz.de/10010278199
firm size using maximum likelihood probit estimation. Next various measures of job satisfaction are related to the …
Persistent link: https://www.econbiz.de/10010500240
In many markets, homogenous goods and services are sold both by large global frms and small local frms. Surprisingly, the large frms charge, often substantially, higher prices. Examples include hotels, airlines, and coffee shops. This paper provides a parsimonious model that can account for...
Persistent link: https://www.econbiz.de/10010315515
This paper argues that the empirical trade-growth relationship should be modelled using a dynamic panel data approach … than previous results. They confirm the existence of a strong causal effect of trade on growth but fail to find evidence …
Persistent link: https://www.econbiz.de/10010294545
In this paper we evaluate the relative influence of external versus domestic inflation drivers in the 12 new European Union (EU) member countries. Our empirical analysis is based on the New Keynesian Phillips Curve (NKPC) derived in Galí and Monacelli (2005) for small open economies (SOE)....
Persistent link: https://www.econbiz.de/10010294894
Phillips curves are central to discussions of inflation dynamics and monetary policy. New Keynesian Phillips curves describe how past inflation, expected future inflation, and a measure of real marginal cost or an output gap drive the current inflation rate. This paper studies the (potential)...
Persistent link: https://www.econbiz.de/10010397602
money growth is a superior indicator of the monetary environment than the federal funds rate and, thus, the focus is on the … inflation/unemployment responses to money growth shocks. SVAR (structural vector autoregression) and GMM (generalised method of …
Persistent link: https://www.econbiz.de/10010280760
A growing body of recent macroeconomic evidence suggests that volatility is detrimental to economic growth. The … channels through which volatility affects growth, however, are less clear; substantive evidence based on disaggregate data is … productive industries, thereby affecting economic growth. Empirical support for this relationship is based on a detailed dataset …
Persistent link: https://www.econbiz.de/10010278247