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Capital, Labour and Productivity : What Role Do They Play in the Potential Gpd Weakness of France, Germany and Italy?
Bassanetti, Antonio - 2016
Persistent link: https://www.econbiz.de/10012991194
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Output Gap Estimation Uncertainty : Extracting the TFP Cycle Using an Aggregated PMI Series
Clancy, Daragh - 2019
methods applied for their estimation are as accurate as possible. A bivariate Kalman Filter (KF) model using capacity … the first-best approach for future TFP cycle estimation. This paper compares the existing method to an approach which uses …, and that this new approach leads to a reduction in the total estimation error variance and revisions required to TFP cycle …
Persistent link: https://www.econbiz.de/10012866790
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Understanding West German economic growth in the 1950s
Eichengreen, Barry; Ritschl, Albrecht - 2008
We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences were more important than...
Persistent link: https://www.econbiz.de/10010263753
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Understanding West German economic growth in the 1950s
Eichengreen, Barry; Ritschl, Albrecht - 2008
We evaluate explanations for why Germany grew so quickly in the 1950s. The recent literature has emphasized convergence, structural change and institutional shake-up while minimizing the importance of the postwar shock. We show that this shock and its consequences were more important than...
Persistent link: https://www.econbiz.de/10003796129
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Time series properties of the German monthly production index
Flaig, Gebhard - 2003
The production index is an important indicator for assessing the cyclical state of the economy. Unfortunately, the monthly time series is contaminated by many noisy components like seasonal variations, calendar and vacation effects. Only part of those nuisance components are explicitly...
Persistent link: https://www.econbiz.de/10011514105
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Improving output gap estimation : a bottom-up approach
Rathke, Alexander; Streicher, Sina - 2023
We propose a multivariate Bayesian state space model to identify potential growth and the output gap consistent with the dynamics of the underlying production sectors of the economy and those of inflation and the labor market. Our approach allows us to decompose economic fluctuations and...
Persistent link: https://www.econbiz.de/10014427292
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Immigration and structural change : evidence from post-war Germany ; conference paper
Braun, Sebastian; Kvasnicka, Michael - 2013
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector specific factors model, in which...
Persistent link: https://www.econbiz.de/10010340544
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Immigration and structural change : evidence from post-war Germany
Braun, Sebastian; Kvasnicka, Michael - 2012
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector model of the economy, in which moving...
Persistent link: https://www.econbiz.de/10009580140
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Immigration and structural change : evidence from post-war Germany
Braun, Sebastian; Kvasnicka, Michael - 2012
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector model of the economy, in which moving...
Persistent link: https://www.econbiz.de/10009552293
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Immigration and structural change : evidence from post-war Germany
Braun, Sebastian; Kvasnicka, Michael - 2012
Does immigration accelerate sectoral change towards high-productivity sectors? This paper uses the mass displacement of ethnic Germans from Eastern Europe to West Germany after World War II as a natural experiment to study this question. A simple two-sector model of the economy, in which moving...
Persistent link: https://www.econbiz.de/10009558962