A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...

This paper presents one of the first studies of firm demographics in Estonia, focusing particularly on the processes of firm entry and exit as well as survival analysis of new firms. Also, decompositions of productivity change into components consisting of resource reallocation, firm entry and...

Slovakia is engaged in an ambitious reform process which has the potential to quicken productivity growth, increase the employment rate and accelerate the catch-up to the per capita income levels of more advanced OECD countries. Short-term outcomes may be demanding socially and politically, but...

The report summarises the results generated in empirical analysis within a larger EU's 5th framework programme for research and development on the determinants of productivity gaps between the current EU-15 and accession states in central and eastern Europe. The focus of research in this part of...

Das 31. CEIES Seminar "Messen wir die Produktivität richtig" fand am 12-13 Oktober 2006 in Rome, Italien, statt. Es versammelte Vertreter der betroffen Produzenten und Nutzern von Informationen. Zweck dieses Seminars war es: - einen Überblick über den Stand der Messung der Produktivität in...

This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts from the heterogeneous firms literature suggests that firms face market entry costs for each new product they export and to each new export market. Transport costs, border costs...

On 12 June and 9 September 2008 the EESC Labour Market Observatory organised two hearings on "Sustainable Productivity Growth and Quality of Working Life".

The objective of this evaluation is to provide an overall independent assessment of the Commission’s past and current cooperation with Colombia over the period 2002-2011. It also aims at identifying key lessons in order to improve the current and future strategies and programmes of the...

Creating better jobs and working conditions are key elements of the European social model. Improving the quality of work and working conditions is, however, a new dimension within the European Employment Strategy which previously concentrated on quantitative measures such as increasing...