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factors, industries vary in the relative intensity of these factors, and firms differ in productivity. The model predicts that … two-factor, two-country and multi-industry economy with productivity-heterogeneous firms suggests that countries export …
Persistent link: https://www.econbiz.de/10009477103
and incomplete price liberalization, other factors productivity, imported inflation (pass trough) and inflation generated …The importance of analysing inflation sources and dynamics in Bulgaria is imposed by (i) the long run process of price … and inflation convergence to the Euro area and (ii) by the Currency Board operating in the country. In this study we make …
Persistent link: https://www.econbiz.de/10009476770
low inflation economy characterized by relatively frequent administrative price adjustments is examined. Fluctuations of …
Persistent link: https://www.econbiz.de/10009477241
root of different inflation rates in Europe including the EU-27. Among others, we study the structural and cyclical factors … descriptive statistics. Subsequently, we set out the possible mismatches between price level convergence and inflation rates … factors on observed inflation rates first in an accounting framework and then by relying on panel estimations. Our estimation …
Persistent link: https://www.econbiz.de/10009477386
The large and widening gap between economic performance in Eastern European transition economies and those of the former Soviet Union has been dubbed “the Great Divide” by Berglof and Bolton (2002). This paper provides a rationale for the gap based upon the concept of financial repression....
Persistent link: https://www.econbiz.de/10009477479
shocks. It is popular to identify technology shocks as shocks permanently affecting labor productivity in SVAR. However it …
Persistent link: https://www.econbiz.de/10009476545
This dissertation focuses on issues related to economic globalization and its implications for the domestic economy. The first two chapters pertain to international financial integration, while the last chapter studies the impact of interprovincial migration in China as a result of...
Persistent link: https://www.econbiz.de/10009476554
The purpose of this paper is to examine the fiscal characteristics of the new members in the light of the requirements of the SGP and the criticisms levelled against the Pact and to see in what ways their initial conditions differ from those faced by the current euro zone countries in the run-up...
Persistent link: https://www.econbiz.de/10009476804
-sectional differences in size and total factor productivity between patentee firms and non-patentee firms, changes in patent … total factor productivity. This evidence suggests that patenting is associated with firm growth through new product … innovations (firm scope) rather than through reduction in the cost of producing existing products (firm productivity). Consistent …
Persistent link: https://www.econbiz.de/10009476587
to improve their establishment level productivity relative to a peer control groups of firms. We find no evidence that … productivity after going private, there is little evidence of difference-in-differences efficiency gains relative to peer groups of … peer groups. Our findings cast doubt on the view that public markets cause listed firms to make sub-optimal, productivity …
Persistent link: https://www.econbiz.de/10009476643