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Explaining the Gaps in Labour Productivity in Some Developed Countries : New Zealand, Australia, the United States and Canada, 1988-2004
Razzak, W.A. - 2008
Modern economic theories explain differences in productivity and economic growth across countries by differences in … of these theories in explaining the gap in productivity between any two countries depends on the countries in the sample … developed and developing countries, but are too small to explain the productivity gaps between developed countries. We test this …
Persistent link: https://www.econbiz.de/10012768355
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Permanent and Transitory Macroeconomic Relationships between the US and China
Jia, Yueqing - 2009
The relationships between the economic fluctuations of the US and China, the largest developed and developing countries respectively, are very important not only to both countries but also to the world economy. This paper applies a two-country correlated unobserved components model to explore...
Persistent link: https://www.econbiz.de/10013153333
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On the causality between saving and growth : long- and short-run dynamics and country heterogeneity
Andersson, Björn - 1999
The temporal interdependence between saving and output has been in focus in a number of recent empirical studies. Results from these studies have compelled some authors to question the traditional notion of a causal chain where saving leads growth through capital accumulation. This paper...
Persistent link: https://www.econbiz.de/10011587110
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Five Steps to Grow the Cuban Economy : What the US and Cuba Can Do in Obama's Final Year
Klein, Michael W. - 2016
The Cuban government has a dominant role to play in determining the future landscape of the country's financial markets. This is a multifaceted issue. Finance operates in combination with a constellation of other factors, including sound laws, institutions that respect property rights, and...
Persistent link: https://www.econbiz.de/10012996493
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Fixed exchange-rate policy and real wage growth : quasi-experimental evidence
Andini, Corrado - 2014
Using Difference-in-Differences estimation and data from the European Community Household Panel, this paper suggests that the fixed exchange-rate policy adopted by Italy in the 1997-2000 period has reduced the real hourly wage growth of Italian fulltime workers with permanent contracts, on...
Persistent link: https://www.econbiz.de/10010457884
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Heterogeneous common factor approach to examination of real effective exchange rate determinants
Čizmović, Mirjana; Redzepagic, Srdjan; Bazin, Damien - In: International journal of economic policy in emerging … 12 (2019) 4, pp. 348-361
Persistent link: https://www.econbiz.de/10012251128
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R&D and aggregate fluctuations
Artuç, Erhan; Pourpourides, Panayiotis M. - 2012
Using US data for the period 1959-2007, we identify sectoral productivity shocks and capital investment-specific shocks … percent of the variation of output in the non-R&D sector. -- Cycles ; Productivity Shocks ; Investment-specific Shocks ; R …
Persistent link: https://www.econbiz.de/10009530178
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Regularized estimation of structural instability in factor models : the US macroeconomy and the great moderation
Callot, Laurent; Kristensen, Johannes Tang - 2015
This paper shows that the parsimoniously time-varying methodology of Callot and Kristensen (2015) can be applied to factor models. We apply this method to study macroeconomic instability in the US from 1959:1 to 2006:4 with a particular focus on the Great Moderation. Models with parsimoniously...
Persistent link: https://www.econbiz.de/10010532582
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Great recession, slow recovery and muted fiscal policies in the US
Albonico, Alice; Tirelli, Patrizio; Paccagnini, Alessia - 2016
This paper reconsiders the role of macroeconomic shocks and policies in determining the Great Recession and the subsequent recovery in the US. The Great Recession was mainly caused by a large demand shock and by the ZLB on the interest rate policy. In contrast with previous findings, the...
Persistent link: https://www.econbiz.de/10011434680
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Multicointegration in US consumption data
Siliverstovs, Boriss - 2003
The present paper tests for the existence of multicointegration between real per capita private consumption expenditure and real per capita disposable personal income in the USA. In doing so, we exploit the fact that the flows of disposable income and consumption expenditure on the one hand, and...
Persistent link: https://www.econbiz.de/10011439261