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"We find that the US consumption growth beta of an investment strategy that goes long in high interest rate currencies and short in low interest rate currencies is larger than one. These consumption beta estimates are statistically significant, contrary to what is claimed by Burnside (2007)....
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This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a data set of unbalanced...
Persistent link: https://www.econbiz.de/10010325507
Die vorliegende Studie untersucht erstmalig für die Ukraine und Polen, wie der Wechsel der vertretenen Regierungspartei … Wechsel der Regierungspartei in der Ukraine eine negative Auswirkung auf das Wirtschaftswachstum hat, in Polen hingegen eine …,28% höher als in einer Region, in der die „pro-russische“ Janukovych-Partei an der Regierungsspitze ist. In Polen dagegen ist …
Persistent link: https://www.econbiz.de/10011688281
Die vorliegende Studie untersucht erstmalig für die Ukraine und Polen, wie stark sich das Wirtschaftswachstum der … Wachstumseffekte in der Ukraine gibt, in Polen hingegen positive. Die Ergebnisse bleiben robust in Bezug auf die Spezifikation der …
Persistent link: https://www.econbiz.de/10011688282
Foreign subsidiary performance and market efficiency effects are estimated and confronted in this paper using a rich firm-level panel for Polish manufacturing. Besides estimating total factor productivity, other performance measures are calculated and contrasted such as labor productivity,...
Persistent link: https://www.econbiz.de/10011430827
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