Showing 1 - 10 of 11,574
This study examines the long- and short-run relationship between private consumption, housing wealth, stock market wealth and income. In order to asses this relationship empirically, we use pooled mean group estimators of dynamic heterogeneous panel data on a sample of 30 developed and emerging...
Persistent link: https://www.econbiz.de/10013012983
National saving rates differ enormously across developed countries. But these differences obscure a common trend, namely a dramatic decline over time. France and Italy, for example, saved over 17 percent of national income in 1970, but less than 7 percent in 2006. Japan saved 30 percent in 1970,...
Persistent link: https://www.econbiz.de/10012765576
Dass unsere billigen Konsumangebote eine weniger glitzernde Kehrseite haben, dringt kurz in unser Bewusstsein, wenn wieder mal eine Fabrik z.B. in Bangladesch einstürzt, wo Textilarbeiterinnen zu Hungerlöhnen für den Export produzieren (vgl. H. Holdinghausen: "Dreimal anziehen, weg damit",...
Persistent link: https://www.econbiz.de/10011471430
Financial capital and fixed capital tend to flow in opposite directions between poor and rich countries. Why? What are the implications of such two-way capital flows for global trade imbalances and welfare in the long run? This paper introduces frictions into a standard two-country neoclassical...
Persistent link: https://www.econbiz.de/10013104777
We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the trade balance is by and large negative, both in the short and...
Persistent link: https://www.econbiz.de/10013224078
We estimate a generalized version of the Long-Run Risk model in a panel of developed and developing countries using consumption, dividend growth, and asset returns data by utilizing the particle filter, while allowing for measurement errors in consumption data at quarterly and annual...
Persistent link: https://www.econbiz.de/10012897110
We examine the dynamic impact of household borrowing on the trade balance using data from 33 developing countries and 36 developed countries over the 1980-2017 period. Our findings suggest that the impact of household borrowing on the trade balance is by and large negative, both in the short and...
Persistent link: https://www.econbiz.de/10012534684
A broad set of possible determinants of private saving behavior is examined, using data for a large sample of industrial and developing countries. Both time-series and cross-section estimates are obtained. Results suggest that there is a partial offset on private saving of changes in public...
Persistent link: https://www.econbiz.de/10012781904
Persistent link: https://www.econbiz.de/10011791821
Persistent link: https://www.econbiz.de/10010495735