Showing 1 - 10 of 11
The balance of payments can act as a constraint to the rate of growth of output, on putting a limit to the growth in the level of demand to which supply can adapt. This effect might be even stronger for regional economies, presumably more integrated among them. In this paper, we examine this...
Persistent link: https://www.econbiz.de/10012655136
This study analyzes empirically the effects of import competition on firm productivity (TFPQ) using administrative firm-level panel data from German manufacturing. We find that only import competition from high-income countries is associated with positive incentives for firms to invest in...
Persistent link: https://www.econbiz.de/10012426234
We study the relationship between ICT, total factor productivity and export at the firm level in Belgium, France and the Netherlands. In particular, we look at whether ICT has both a direct effect on export and an indirect effect via productivity improvements. We allow for endogeneity,...
Persistent link: https://www.econbiz.de/10015076749
This work investigates effects of conventional monetary policy and central bank information shocks from monetary policy announcements on the U.S. economy. We identify the surprises caused by changes in target rate and central bank’s private information embedded in high frequency exchange rate...
Persistent link: https://www.econbiz.de/10012304714
eastern China, our empirical results from both parametric and nonparametric approaches provide strong evidence of spatial …
Persistent link: https://www.econbiz.de/10011495528
The paper proposes a model to investigate the influences of agglomeration on heterogeneous firms' exporting behaviors. In the model, firms are heterogeneous in productivity. Selection effect and agglomeration economies caused by agglomeration increase firms' productivity and decreases industrial...
Persistent link: https://www.econbiz.de/10011508161
Since the introduction of its "open door" policy in the late 1970s, China has been attracting a growing share of FDI …
Persistent link: https://www.econbiz.de/10011515012
The transformation of China into a knowledge based economy is currently one of the most intensively debated research … knowledge spillovers on manufacturing total factor productivity (TFP) in China - at the level of Chinese regions - through the … question whether TFP in China is increasingly based on knowledge production and diffusion. Relying on the regional KCM as …
Persistent link: https://www.econbiz.de/10011581772
For many analysts, the Chinese economy is spurred by a bubble in the housing market, probably driven by the fiscal stimulus package and massive credit expansion, with possible adverse effects to the real economy. For example, the stock of loans increased by more than 50 percent since the end of...
Persistent link: https://www.econbiz.de/10011550681
This paper focuses on the empirically observed relationship between demographic change and inflation and explores the theoretical nature of the puzzling link between the two. It puts the existent disparate empirical findings in the literature into perspective by formalizing an...
Persistent link: https://www.econbiz.de/10012265487