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The paper examines Latin American countries' productivity growth levels and their convergence patterns utilizing … productivity indexes alongside with their main components. Moreover a convergence analysis is conducted estimating relative … productivity convergence paths. The results suggest that over the period examined, countries' productivity growth levels have …
Persistent link: https://www.econbiz.de/10012886332
This study quantifies the impact of process and product innovation on employment growth in Bolivia by using microdata … from a survey on innovation conducted in Bolivia in 2016. Following the model of Harrison, Jaumandreu, Mairesse, and Peters …
Persistent link: https://www.econbiz.de/10012670262
The paper is divided in three sections presenting some stylized facts concerning monetary and exchange rate policy framework in Slovenia. Three periods are covered: Money-based Stabilization Policy (1991-1995), Price and Real Exchange Rate Stability Dual Targeting Policy (1996-2001), and...
Persistent link: https://www.econbiz.de/10002612553
We use high-frequency intraday interest rate data to measure euro area monetary policy shocks on the days of ECB interest rate announcements between 2002 and 2013. In line with Gürkaynak et al. (2005), we look at monetary policy shocks along two time dimensions: one related to the current level...
Persistent link: https://www.econbiz.de/10013045549
In this paper, we examine how economic shocks affect the distribution of household inflation expectations. We show that the dynamics of households' expected inflation distributions are driven by three distinctive functional shocks, which influence the expected inflation distribution through...
Persistent link: https://www.econbiz.de/10014079902
investigate the effect of union practices on productivity within the context of the reform. The findings show that (i) industry …In the early 1990's, the Argentine government promoted a framework for productivity-based negotiations between firms …-wide practices on displacement of workers and training have a negative impact on productivity; (ii) work practices do not appear to …
Persistent link: https://www.econbiz.de/10010199012
pandemic wave) was associated with declines in consumption (-1.9%), investment (-1.2%), output (-2.4%), and productivity (-1 …
Persistent link: https://www.econbiz.de/10012308629
The aim of this article is to evaluate the contribution of the banking sector to the economic growth of 16 Latin American countries, from 1979 to 2006. The econometric procedure is based on a panel data technique with fixed effects, classifying the countries in two samples according to their...
Persistent link: https://www.econbiz.de/10013071157
Purpose: This article studies the effects of public expenditure on economic growth in Latin America countries (LAC), especially the role played by foreign aid and public and private investment Design/methodology/approach Granger causality approach and Fixed effect method. Findings: There is...
Persistent link: https://www.econbiz.de/10012023637
Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small businesses, they are likely to face credit rationing in financial markets. If true then policies that promote lending to small businesses may yield substantial economy-wide...
Persistent link: https://www.econbiz.de/10013032373