Showing 1 - 10 of 1,194
Recent pre-crisis growth accounting exercises attribute strong productivity growth toincreased investments in … differences is countries'TFP growth rates with about twice the size in the US. According to robust econometricanalysis there have … been strong spillover effects from increasing domestically-producedICT materials in German TFP growth, while for the US TFP …
Persistent link: https://www.econbiz.de/10010312069
Structures" (GRW) on regional economic growth. The paper extends the existing literature by several aspects. First of all, using … the popular augmented Solow model by Mankiw et al. (1992) as starting point, we develop an enhanced growth model by … emanates a negative direct impact on regional economic growth, especially in sparely populated regions as well as in non …
Persistent link: https://www.econbiz.de/10011444217
Gegenstand der Studie ist die Ausgestaltung des deutschen Fiskalföderalismus. Es soll gezeigt werden, in welchem Umfang das Konzept des föderalen Wettbewerbs für die bundesdeutsche Finanzverfassung nutzbar gemacht werden kann. Diese Fragestellung umfasst das Verhältnis zwischen Bund und...
Persistent link: https://www.econbiz.de/10008791358
This article analyses value changes of German stock market companies in response to movements of the US dollar. The approach followed in this work extends the standard means of measuring exchange rate exposure in several ways (e.g. by using multi-factor modelling instead of augmented CAPM,...
Persistent link: https://www.econbiz.de/10010297319
We estimate the Dollar exposure of German DAX corporations. Our results are based on a new time-variant, APT-based and panel econometric extension of the exchange-rate exposure model in the tradition of Adler and Dumas (1984) and Jorion (1990). Our stock market data consist of 28 performance...
Persistent link: https://www.econbiz.de/10010323698
This article analyses value changes of German stock market companies in response to movements of the US dollar. The approach followed in this work extends the standard means of measuring exchange rate exposure in several ways (e.g. by using multi-factor modelling instead of augmented CAPM,...
Persistent link: https://www.econbiz.de/10010323710
This is a comparative study on the historical experience of real effective exchange rate (REER) misalignment of Japanese yen, Deutsche mark, Singapore dollar and Taiwan dollar, with regard to the recent dispute over the Renminbi (RMB) valuation. Panel-based misalignment estimates of the four...
Persistent link: https://www.econbiz.de/10010280742
This is a comparative study on the historical experience of real effective exchange rate (REER) misalignment of Japanese yen, Deutsche mark, Singapore dollar and Taiwan dollar, with regard to the recent dispute over the Renminbi (RMB) valuation. Panel-based misalignment estimates of the four...
Persistent link: https://www.econbiz.de/10003990427
The familiar claim of Chinese currency manipulation is generally asserted without reference to empirical evidence. To investigate the legitimacy of the claim, we ask if the undervalued misalignment found in the real effective exchange rate (REER) of the Chinese renminbi (RMB) over the past...
Persistent link: https://www.econbiz.de/10013121272
Persistent link: https://www.econbiz.de/10001844503