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On the causal relationship between trade-openness and government-size: evidence from OECD countries
Molana, Hassan; Montagna, Catia; Violato, Mara - In: International Journal of Public Policy 7 (2011) 4/5/6, pp. 226-249
The compensation hypothesis predicts a positive causation from international economic openness to the size of the public sector, as governments step in to perform a risk mitigating role to counterbalance the increasing exposure to external risk and the economic dislocations caused by growing...
Persistent link: https://www.econbiz.de/10010670287
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Inflation as restructuring. A theoretical and empirical account of the U.S. experience
Nitzan, Jonathan - Volkswirtschaftliche Fakultät, … - 1992
framework for inflation as a process of restructuring. Contrary to existing theories of inflation, which tend to take structure … and institutions as given for the purpose of analysis, we argue that inflation could be understood only in terms of … restructuring arises as an integral part of capital accumulation. On the aggregate level, inflation appears as stagflation, with the …
Persistent link: https://www.econbiz.de/10005789620
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Analogous Cycles with Lagged Co-movement: U.S. and East Asian Business Cycles
Yamagata, Tatsufumi - In: The Developing Economies 36 (1998) 4, pp. 407-439
In selected East Asian economies, the behavior of detrended macroeconomic variables was found to be similar to that observed in the postwar U.S. economy. Consumption and investment are highly procyclical while the balance of trade and the price level are counter-cyclical in most of them. Labor...
Persistent link: https://www.econbiz.de/10005534171
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Estimating the Effect of the Age Distribution on Cyclical Output Volatility Across the United States
Lugauer, Steven - In: The Review of Economics and Statistics 94 (2012) 4, pp. 896-902
I exploit the variation in demographic change across the United States to estimate the relationship between the age distribution in the population and the magnitude of cyclical output volatility. According to panel regression estimates, the relative supply of young workers, or youth share, has a...
Persistent link: https://www.econbiz.de/10011009923
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Synchronization between the business cycles of Mexico and the United States. New evidence from the analysis of regional coincident indexes
Delajara, Marcelo - Banco de México - 2012
In this paper we analyze the synchronization between the business cycles of US and Mexican regions. Regional economic activity in Mexico is measured using regional coincident indexes recently developed at Banco de México, while US aggregate economic activity is measured with the national...
Persistent link: https://www.econbiz.de/10010550237
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Estimating the Shape of Economic Crises under Heterogeneity
Dovern, Jonas; Jannsen, Nils - Institut für Weltwirtschaft (IfW) - 2009
During the ongoing financial crisis the analysis of similar historical crises has gained more and more attention among economic researchers and forecasters. Existing studies, however, do not tackle the immense heterogeneity that is present in cross-country samples in a formal and consistent way....
Persistent link: https://www.econbiz.de/10005012878
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Recent Productivity Development in the United States and Canada: Implications for the Canada-U.S. Productivity and Income Gap
Sharpe, Andrew - In: International Productivity Monitor 4 (2002) Spring, pp. 3-14
The economic slowdown of 2001 reduced productivity growth in both the United States and Canada. This development has raised the question of the sustainability or permanency of the pace of productivity growth experienced during the 1995-2000 period in the United States and the likelihood of...
Persistent link: https://www.econbiz.de/10005650227
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The U.S. economy today: Between systemic crisis and permanent war.
Herrera, Rémy - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013
This paper studies the U.S. economy from an original point of view: that of the links existing between crisis and war. The first part analyzes the workings of the current crisis, considered to be a “systemic” one. The second part places the U.S. economy at the very heart of this crisis. The...
Persistent link: https://www.econbiz.de/10010617538
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Macroeconomic Fluctuations and Motorcycle Fatalities in the U.S.
French, Michael T.; Gumus, Gulcin G. - Department of Economics, School of Business - 2013
The effects of business cycles on health outcomes in general, and on traffic fatalities in particular, have received much attention recently. In this paper, we focus on motorcycle safety and examine the impact of changing levels of economic activity on fatal crashes by motorcyclists in the...
Persistent link: https://www.econbiz.de/10010705470
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Contribution of aggregate and sectoral shocks to the dynamics of inventories : an empirical study with french and american data
Jacques, Jean-François; Salem, Mélika Ben - Université Paris-Dauphine (Paris IX) - 1999
The aim of this paper is the identification of structural shocks which affect the dynamics of sectoral inventories, through an analysis of the forecasting error variance decomposition. This identification is achieved using the American and French time series of aggregate production, sectoral...
Persistent link: https://www.econbiz.de/10010708365