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Profit Dynamics Across the Largest Euro Area Countries and Sectors
Maurin, Laurent - 2011
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain … a vector autoregressive modeling framework, discusses the sensitivity of profits to four distinctive structural shocks … of historical developments in profits across countries and sectors …
Persistent link: https://www.econbiz.de/10013117688
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Medium run redux: technical change, factor shares and frictions in the euro area
McAdam, Peter; Willman, Alpo - 2008
We develop a framework for analyzing “medium-run” departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking “directed” technical change) with a below-unitary substitution elasticity coupled with...
Persistent link: https://www.econbiz.de/10011604961
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Medium Run Redux : Technical Change, Factor Shares and Frictions in the Euro Area
McAdam, Peter - 2008
We develop a framework for analyzing quot;medium-runquot; departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking quot;directedquot; technical change) with a below-unitary substitution elasticity...
Persistent link: https://www.econbiz.de/10012771612
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Potential Output from a Euro Area Perspective
Anderton, Robert - 2015
This paper reviews potential output from a euro area perspective by summarising the developments according to international institutions and assessing the impact of the crisis. The paper also considers the methodological basis for potential output estimates, and the high degree of uncertainty...
Persistent link: https://www.econbiz.de/10013032604
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Euro Area Production Function and Potential Output : A Supply Side System Approach
Willman, Alpo - 2021
In this paper, we present a three equation supply-side model based on aggregation across sectors with sector specific mark-ups and the technology parameters of the production function. The model has been applied to euro area data from the 1970s assuming that the underlying production function is...
Persistent link: https://www.econbiz.de/10013320231
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The Effect of Aging on the Age-wage Profile
Inoue, Toshikatsu - 2020
This study quantifies the effect of aging on the age-wage profile, using data from Japan, which is the fastest aging country in the world. Using a model with imperfect substitution among labor inputs in different age groups, we obtain two findings. First, the change in age composition of male...
Persistent link: https://www.econbiz.de/10012847089
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An economic prognostic study to examine the productivity of agricultural SMEs of Central Europe during the COVID-19 crisis
Imran, Ali; Sufyan, Ali; Tajammul, Ayesha; Gavurová, Beáta - In: Verslas : teorija ir praktika : Vilniaus Gedimino … 24 (2023) 2, pp. 425-437
In 2020, the COVID-19 pandemic disturbed the world's Agri-businesses. Several economies are attempting to demonstrate attempts to maintain agribusiness, the agriculture industry, and marketplaces, but distribution networks, access to markets, and affordable farm goods are still vulnerable. The...
Persistent link: https://www.econbiz.de/10014502285
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Measuring the effects of monetary policy in the euro area : the role of anticipated policy
Gottschalk, Jan; Höppner, Florian - 2001 - This Version: August 2001
This paper investigates within a SVAR framework the effects of anticipated monetary policy in the euro area. Building on a procedure recently proposed by Cochrane yielding the response of output to an anticipated monetary policy impulse, we show that in the past twenty years anticipated monetary...
Persistent link: https://www.econbiz.de/10011538850
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The spillover of euro area shocks to the Maltese economy
Gatt, William; Ruisi, Germano - 2022
This paper develops a two-block Structural Vector Autoregression (SVAR) to estimate the spillover of external shocks to the Maltese economy. The model focuses on five broad macroeconomic shocks hitting the euro area; an aggregate demand shock, two aggregate supply shocks which respectively proxy...
Persistent link: https://www.econbiz.de/10012818649
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Inequality, Technology and Job Polarization of the Youth Labor Market in Europe
Bheemaiah, Kariappa - 2015
This paper presents a connecting methodology in order to trace the emerging dynamics of inequality for the youth populace of Europe. We determine that the development of these dynamics are directly affected by the advancement of technology, and especially related to Information and Communication...
Persistent link: https://www.econbiz.de/10013021498