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Conventional wisdom suggests that small businesses are innovative engines of Schumpetarian growth. However, as small …) lending and local economic growth using a spatial econometric framework across a sample of 3,035 U.S. counties for the years … income growth. We also find evidence of indirect negative effects on the growth rates of neighboring counties. Overall, a 10 …
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We follow the behavioral equilibrium exchange rate approach by Clark and MacDonald (1998) to derive equilibrium real effective exchange rates and currency misalignments for the US and its 16 major trading partners. We apply cointegration and panel cointegration techniques to derive fully...
Persistent link: https://www.econbiz.de/10011374380
This paper focuses on revisiting an old issue by advanced econometrics analysis: the risks in the U.S. stock market. We analyze the firm's exposure to exchange rate, interest rate, and market shocks by the pooled regression with the error cross-section dependency. We not only examine the...
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Productivity and income growth rates and differentials vary widely among OECD countries. In this chapter, Bart van Ark … total population. Labour productivity is determined by within-industry productivity growth rates and inter-sectoral shifts …
Persistent link: https://www.econbiz.de/10005650205
significant margin of error associated with productivity growth rates, even at the aggregate level. Sharpe identifies two … OECD productivity levels toward the US level; the post-1995 acceleration in labour productivity growth in the United States …
Persistent link: https://www.econbiz.de/10005650208
the information and communications technology sector to productivity growth in Canada and the United States; the Irish …
Persistent link: https://www.econbiz.de/10005650233