Showing 1 - 10 of 102
In static applied general equilibrium models, the exogenous/endogenous split between variables (or closure) is used to infer the time frame over which the effects of a shock are simulated. This paper introduces a long-run closure for the GTAP model (Hertel and Tsigas, 1997) and uses this closure...
Persistent link: https://www.econbiz.de/10009430647
Introduction to the theory of international trade and finance with applications to current policy issues. From the course home page: Course Description The course will help us understand what determines the flow of goods across countries, i.e. international trade, and what determines the flow of...
Persistent link: https://www.econbiz.de/10009432089
Chinese cities, we find a strong association between overall R&D productivity in these city economies and the composite …
Persistent link: https://www.econbiz.de/10009477153
The launch of the economic and monetary union in Europe and the 1997 financial crisis that underscored the disadvantages of currently employed exchange rate regimes raised questions about the feasibility of a similar monetary unification project for East Asia. Being one of the most dynamically...
Persistent link: https://www.econbiz.de/10009441820
Introduction: A mere decade ago Japan’s financial system, and especially its banking system, was not only the largest but the strongest in the world. Nine of the world’s top ten banks in asset size were Japanese; the Big Four Japanese securities companies were the world’s largest; and its...
Persistent link: https://www.econbiz.de/10009451446
Is foreign direct investment (FDI) more resilient at the onset of an economic crisis and the subsequent economic collapse in a given host country compared to other forms of foreign capital inflows? Are affiliates of multinational enterprises in a crisis-hit country better equipped to withstand a...
Persistent link: https://www.econbiz.de/10009451532
production technology. Then we estimate the total factor productivity series for each classification. Using determinants of total … factor productivity that include, among many others, human capital, openness, and distortion of domestic prices relative to … productivity. …
Persistent link: https://www.econbiz.de/10009429948
productivity growth, and production efficiency improvement. In addition, this paper incorporates the quality of inputs in analyzing … output growth, where the productivity of capital depends on its average age, while the productivity of labor depends on its … the improved quality of factors or total factor productivity growth in explaining output growth. The quality of capital …
Persistent link: https://www.econbiz.de/10009429952
This paper considers the aggregate performance of the banking industry, applying a modified and extended dynamic decomposition of bank return on equity. The aggregate performance of any industry depends on the underlying microeconomic dynamics within that industry . adjustments within banks,...
Persistent link: https://www.econbiz.de/10009430024
This paper considers the aggregate performance of the banking industry, applying a modified and extended dynamic decomposition of bank return on equity. The aggregate performance of any industry depends on the underlying microeconomic dynamics within that industry --- adjustments within banks,...
Persistent link: https://www.econbiz.de/10009430221