Showing 1 - 10 of 435
Whether foreign direct investment (FDI) is beneficial to host country growth or not is a question debated since a long time. This paper provides a survey of the literature on FDI, export and growth, and empirically investigates the causal relationship between economic growth, export and FDI for...
Persistent link: https://www.econbiz.de/10010558791
We investigate when market making can be profitable in the European Carbon Futures market, by developing an order type selection rule, based solely on transaction level data. We employ a granular approach that uses an observable variable, i.e. trading intensity, to extract the liquidity and...
Persistent link: https://www.econbiz.de/10014113216
This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions for the period between 1985 and 1994. Controlling for heteroscedasticity and potential endogeneity problems, we get consistent econometric results. Larger market and regional sizes...
Persistent link: https://www.econbiz.de/10014115082
This study analyses relative sectoral investment patterns in EU regions. In an exploratory spatial data analysis, spatial clusters of high relative investments can be identified for some sectors. In the econometric analysis, we control for heteroscedasticity and potential endogeneity and find...
Persistent link: https://www.econbiz.de/10014075644
This paper provides evidence that, since the sign of Maastricht Treaty, euro-area monetary authorities mainly follow a strong anti-inflationary policy. This policy can be described by a threshold monetary policy rule model which allows for distinct inflation policy regimes: a low and high. The...
Persistent link: https://www.econbiz.de/10014079876
This paper analyses the level of relative specialisation in terms of gross fixed capital formation in EU regions. Larger market and regional sizes diminish; a higher unemployment rate, population density, the fact of being a central region, the distance to the economic centre, and economic...
Persistent link: https://www.econbiz.de/10014107048
We consider the effect of an increase in public investments on output in Europe against the background of a sharp drop of public investments in a number of EU countries during the crisis and subsequent policy discussions on the need to stimulate public investments. We start with a brief overview...
Persistent link: https://www.econbiz.de/10012962598
Public procurement accounts in developed countries for about 20% of gross domestic product, thus is seen as a policy implementation tool. During COVD-19 outbreak, public procurement served as a basic tool for equipping institutions and citizens with medical supplies, ventilators, and personal...
Persistent link: https://www.econbiz.de/10013236653
This paper assesses the effects of monetary policy shocks on the macroeconomy and the euro area banking sector after the global financial crisis. Financial risk-return indicators of the banking sector based on a compound option-based structural credit risk model are embedded in a large...
Persistent link: https://www.econbiz.de/10013239078
This paper investigates the relationship between intra-industry trade (IIT) and immigration flows using a gravity model for the period 2000-2010 between Portugal and European Union's Member States (EU-27). The present study uses the methodology of Kandogan (2003) for separating IIT into its...
Persistent link: https://www.econbiz.de/10013085090