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The study is based on the critical observations that competitive market forces alone are not able to assure convergence … member countries. Our paper deals with the evolution of the EU cohesion funds, as well as with the results of convergence …. * Study within the CEEX Programme Project No. 220/2006 Economic Convergence and Role of Knowledge in Relation to the EU …
Persistent link: https://www.econbiz.de/10010527400
-economic system of European type: transition to the market economy, accession to the EU, the economic convergence in the three … perspective assessment to find out the real and nominal convergence. Putting into practice the EU competitivity and cohesion …. Although the real convergence of Romania with the EU requires higher growth rates for the former, a new approach is compulsory …
Persistent link: https://www.econbiz.de/10010527415
In this paper, I document the existence of unconditional convergence in labor productivity across Mexican states in … three-digit manufacturing industries. The rate of convergence for the period 1988-2018 is 1.18% per year. However, this … result does not hold at the aggregate level: I find no unconditional convergence in manufacturing-wide labor productivity …
Persistent link: https://www.econbiz.de/10014540976
For over five decades, diffusion indexes have been widely used by statistical and economic agencies as an instrument to summarize the dynamics of a group of disaggregated time-series economic data. In this note we revise the methods for constructing diffusion indexes, propose a novel generalized...
Persistent link: https://www.econbiz.de/10011445074
In this research we develop generalized diffusion indexes for the Mexican state and sectorial economic activity. These indexes summarize the dynamics of the local cycles in a way that they are consistent with the aggregate economic activity. The proposed index includes three dimensions of the...
Persistent link: https://www.econbiz.de/10011445095
We study how firms' expectations and actions are affected by both aggregate and industryspecific conditions using a survey of French manufacturing firms. We document an important new stylized fact. In response to industry-level shocks that have no aggregate effects, firms' aggregate expectations...
Persistent link: https://www.econbiz.de/10012606356
This paper analyzes the adjustment strategies used by some Mexican firms to face supply and demand shocks. The information is provided by a survey carried out in 2012 by Banco de M'exico among 1,138 firms from different sectors. The results show that the response of firms to both types of shocks...
Persistent link: https://www.econbiz.de/10010392369
Using a unique dataset of daily U.S. and U.K. price listings and the associated number of clicks for precisely defined goods from a major shopping platform, we shed new light on how prices are set in online markets, which have a number of special properties such as low search costs, low costs of...
Persistent link: https://www.econbiz.de/10010507644
Using panel data on military spending for 125 countries, we document new facts about the effects of changes in government purchases on the real exchange rate, consumption, and current accounts in both advanced and developing countries. While an increase in government purchases causes real...
Persistent link: https://www.econbiz.de/10011754811
One of the most serious problems that a central bank in an emerging market economy can face is the sudden reversal of capital inflows. Hoarding international reserves can be used to smooth the impact of such reversals, but these reserves are seldom sufficient and always expensive to hold. In...
Persistent link: https://www.econbiz.de/10010280879