Showing 1 - 10 of 229
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …
Persistent link: https://www.econbiz.de/10010312014
In this paper, the extent of the shadow economy in OECD countries is investigated. The estimates of the size of the shadow economy are obtained using the panel-data techniques applied to the data on 38 OECD member states over the period 1991-2007. Our estimates tend to be somewhat lower than the...
Persistent link: https://www.econbiz.de/10010286300
and external imbalances and inflation as relevant determinants of sovereign yields. …
Persistent link: https://www.econbiz.de/10010270876
demographics and the productivity of those who will still be active during the up-coming period of demographic ageing. As … productivity is difficult to investigate at a micro level, the paper builds on a large macro-data panel covering developed as well … output per worker as well as on total factor productivity (TFP). The results confirm earlier findings by Feyrer (2007 …
Persistent link: https://www.econbiz.de/10010264296
document the first empirical results on the relationship between imports and productivity for Germany, a leading actor on the … systematically by testing for self-selection of more productive firms into importing, and for productivity-enhancing effects of … imports ('learning-by-importing'). We find a positive link between importing and productivity. From an empirical model with …
Persistent link: https://www.econbiz.de/10010269066
investigate the relationship between exports and productivity. Our overall results are in line with the big picture that is by now … controlled for, and these exporter productivity premia tend to increase with the share of exports in total sales; there is strong … government report higher productivity premia. However, the level of development per se does not appear to be an explanation for …
Persistent link: https://www.econbiz.de/10010290587
The aim of the paper is to discuss and to provide evidence for the existence of pecuniary knowledge externalities, considered here as the main cause of positive disequilibrium experience by downstream producers. This last effect, confirmed by the empirical analysis here performed, contrasts the...
Persistent link: https://www.econbiz.de/10010302710
The paper presents a new sectoral taxonomy that focuses on the existence of non negligible external effects, deriving from user-producer knowledge interactions, the latter in turn coupled with intermediate goods transactions, in a system of vertically integrated manufacturing and services...
Persistent link: https://www.econbiz.de/10010302711
productivity in downstream sectors and appear as a relevant source of growth in modern economies. As such, the concept of pecuniary …
Persistent link: https://www.econbiz.de/10010302712
In this paper we analyse the short- and long-run relationship between employment growth, inflation and output growth in … growth, inflation and output growth with bidirectional causality between employment growth and inflation as well as output …
Persistent link: https://www.econbiz.de/10010286310