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export-orientated growth. We use a small open economy DSGE model with a tradable and a non-tradable sector to examine this … the Irish recovery is mostly export-driven with structural reforms playing a very minor role in stimulating growth in the …
Persistent link: https://www.econbiz.de/10011985201
I analyze output growth, volatility, and skewness as the joint outcomes of financial openness. Using an industry panel … of 53 countries over 45 years, I find that financial openness increases simultaneously mean growth and the negative … skewness of the growth process. The increase in output skewness appears to come from a more negatively skewed distribution of …
Persistent link: https://www.econbiz.de/10011605414
In this paper, we employ a portfolio approach based on a two-country world to study the impact of financial openness on … the size of government and on other key economic variables, including the consumption-wealth ratio, the growth rate of … consumption-wealth ratio, and welfare should be greater in an open economy because of higher productivity and/or less volatility …
Persistent link: https://www.econbiz.de/10010324295
This paper studies the impact of financial openness on the size of government, and other key economic variables, such … as the consumption-wealth ratio, the growth rate of wealth, and welfare, in a two-country world, based on a portfolio …-wealth ratio, and welfare should be higher in an open economy due to a higher productivity and/or less volatility through risk …
Persistent link: https://www.econbiz.de/10010311189
This paper presents a new explanation for the sustained pattern of international net capital flows by modifying the standard consumption capital asset pricing model (CCAPM) to create net capital flows beyond the initial period. In addition to the well established link between asset returns and...
Persistent link: https://www.econbiz.de/10012141084
The role of regulatory quality as one of the so-called deep determinants of growth has emerged as an important issue in … economic research in the past 20 years. The positive or negative growth effects of a country´s regulatory framework are …. Therefore, the two potential determinants to growth might be interlinked. So far there is very little empirical evidence on the …
Persistent link: https://www.econbiz.de/10011301335
This paper investigates the influence of international openness on economic growth in a sample of 32 European economies …. The usual approach in the literature on the topic is to observe the impact of trade openness on growth. We, however … openness. Our research, in general, shows that openness is an important determinant of growth in a set of investigated …
Persistent link: https://www.econbiz.de/10011310256
show a significant impact of openness on productivity growth. We find also an effect, significant at the ten per cent level …This paper investigates the impact of openness to trade and higher levels of human capital on the economies of some … MENA countries. To answer the question: whether either human capital or openness can be shown to cause productivity, we use …
Persistent link: https://www.econbiz.de/10010262187
The question whether international openness causes higher domestic growth has been subject to intense discussions in … the empirical growth literature. This paper addresses this issue using the fall of the Berlin wall in 1990 as a natural …s and the lower international openness of East Germany are linked. We address the endogeneity of openness by adapting …
Persistent link: https://www.econbiz.de/10010262870
Many theoretical models show that trade openness has positive welfare implications. Yet, openness might affect … question whether trade openness affects within-country income differentials. In Italy, the more affluent regions are … migration. Prima facie, there is a positive correlation between openness and per capita income. Studying this relationship …
Persistent link: https://www.econbiz.de/10010269721