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This paper incorporates demand and supply fundamentals in the determination of the Real Exchange Rate (RER). We are able to confirm the negative influence of the ratio expenditure-PIB and the terms of trade on RER, but in addition we find robust evidence
Persistent link: https://www.econbiz.de/10005510187
Írásunkban azt vizsgáljuk, hogy a hosszú lejáratú határidõs árfolyamok stacionaritását feltételezõ hibakorrekciós modellek, amelyek korábbi számítások szerint a világ devizapiaci forgalmának mintegy 75%-át kitevõ fejlett ipari országokra alkalmazva kitûnõ mintán...
Persistent link: https://www.econbiz.de/10008578165
The aim of the paper is to analyse the determinants of financial crises in a sample of nine transition countries in Central and Eastern Europe with a modified logit model. The modification takes explicitly into account the rare event characteristic of a currency crisis. Our results suggest that...
Persistent link: https://www.econbiz.de/10005232513
taxation is productivity that is positively correlated with tax income per capita and negatively correlated with the value …
Persistent link: https://www.econbiz.de/10011944917
Imports is an important factor beside exports when firm-level connection between innovation and productivity is … analyzed. Innovation boosts productivity, its impact has been changing between 2005 and 2016 in Hungary. The estimated impact …
Persistent link: https://www.econbiz.de/10012290317
relationship between product mix and productivity of firms, as well as other characteristics, such as size or foreign ownership … expansion of the export range are the expansion of the import range, the firm size, the productivity, and the foreign ownership. …
Persistent link: https://www.econbiz.de/10012604923
In this paper we investigate the relationship between productivity growth and firm dynamics using firm-level data … between 1992 and 2006. Theories emphasising firm-level heterogeneity show that industry-level productivity may not only … was the main factor behind industry-level productivity growth in Hungary in this period, but creative destruction also …
Persistent link: https://www.econbiz.de/10010494444
Persistent link: https://www.econbiz.de/10010494450
Persistent link: https://www.econbiz.de/10000750477