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The paper presents an incomplete competition model (ICM), where inflation is determined jointly with unit labour cost growth. The ICM is estimated on data for the Euro area and evaluated against existing models, i.e. the implicit inflation equation of the Area Wide model (AWM) - cf. Fagan, Henry...
Persistent link: https://www.econbiz.de/10009636545
We apply both classical and Bayesian econometric methods to characterize the dynamic behavior of inflation for twelve industrial countries over the period 1984-2003, using four different price indices for each country. In particular, we estimate a univariate autoregressive (AR) model for each...
Persistent link: https://www.econbiz.de/10009636705
Persistent link: https://www.econbiz.de/10009635931
the international transmission of productivity improvements generate the observed degree of risk-sharing: one associated …
Persistent link: https://www.econbiz.de/10009636531
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 exit, and productivity growth within continuing firms are carried out. The … productivity compared to incumbent firms and changes in the sectoral structure of the economy. The decomposition of productivity …
Persistent link: https://www.econbiz.de/10009636560
Slovakia is engaged in an ambitious reform process which has the potential to quicken productivity growth, increase the …
Persistent link: https://www.econbiz.de/10009636870
research and development on the determinants of productivity gaps between the current EU-15 and accession states in central and … specialisation patterns for the explanation of observed productivity gaps and for the projection of future potentials of productivity … growth in central and eastern Europe. For the aggregated level, analysis determines the share of national productivity gaps …
Persistent link: https://www.econbiz.de/10009636897
of the art in measurement of productivity worldwide, - to identify major challenges for statistics with a special focus … über den Stand der Messung der Produktivität in der ganzen Welt zu geben, - die wichtigsten Herausforderungen für die …The.31st CEIES seminar "Are we measuring productivity correctly" was held on 12 and 13 October in Rome, Italy. It …
Persistent link: https://www.econbiz.de/10009638538
This paper discusses the channels between openness and productivity and trade hampering factors. The stylized facts …
Persistent link: https://www.econbiz.de/10009640174
On 12 June and 9 September 2008 the EESC Labour Market Observatory organised two hearings on "Sustainable Productivity …
Persistent link: https://www.econbiz.de/10010260408