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productivity performance of domestic firms in three emerging economies of Central and Eastern Europe, Bulgaria, Romania and Poland …
Persistent link: https://www.econbiz.de/10008458161
We compare the long-term output and current account effects of pension reforms that increase the retirement age with those of reforms that cut pension benefits, conditional on reforms achieving similar fiscal targets. We show the presence of a policy trade-off. Pension reforms that increase the...
Persistent link: https://www.econbiz.de/10010790246
We test the relationship between the current account and fiscal policy for a group of small open developing economies with fixed exchange rates some of which are oil exporters. Specifically, we test the viewpoint of a Ricardian infinite-horizon representative agent model in which lower public...
Persistent link: https://www.econbiz.de/10010994453
Large external imbalances have become a policy concern. This study investigates the determinants of external balances for regions within a single country — Canadian provinces — as well as for a sample of 18 OECD countries. External balance adjustment may differ for provinces since there are...
Persistent link: https://www.econbiz.de/10009318571
Large current account deficits have become a policy concern. The trend toward international capital market liberalization has improved access to foreign pools of saving which has allowed the expansion of current account deficits. There are minimal barriers to capital flows within a country, so...
Persistent link: https://www.econbiz.de/10008472645
The objective of this study is to examine technical efficiency and productivity growth in the Indian banking sector over the period from 2004 to 2011. We apply an innovative methodological approach introduced by Chen et al. (2011) and Barros et al. (2012), who use a weighted Russell directional...
Persistent link: https://www.econbiz.de/10010719840
Bulgaria did not have any exchange rate crisis, international bailout, bank intervention, or build-up of public debt …
Persistent link: https://www.econbiz.de/10011245064
sector. The trade in this sector between Romania and 12 countries (Austria, Belgium, Bulgaria, Croatia, Czech Republic … consideration the trade volume with Romania, a pooled ordinary least squares model being created for the period 1995–2008. The … domestic product values between Romania and other country have a negative sign, even if, for the second variable, we expected a …
Persistent link: https://www.econbiz.de/10011130183
During the last decades, international trade flows of the industrialised countries became more and more intra-industry. At the same time, employment perspectives particularly of the low skilled by tendency deteriorated in these countries. This phenomenon is often traced back to the fact that...
Persistent link: https://www.econbiz.de/10011130185
We examine some controversial country-specific factors influencing vertical and horizontal intra-industry trade including foreign direct investment and income distributions. As concerns, the effect of differences in countries’ levels of economic development (richness), both theories and...
Persistent link: https://www.econbiz.de/10011130191