Showing 1 - 10 of 235
Certainly the current crisis is affecting seriously the convergence process in EU. Starting from the spatial distribution in EU of some fundamental development indicators before the current crisis, we try to estimate the impact of the prolonged crisis. During last years, the less developed...
Persistent link: https://www.econbiz.de/10011340765
substitution is low, then GDP, productivity and wage growth may however still slow down, because the economy will then fail to …, productivity, and GDP. …
Persistent link: https://www.econbiz.de/10012287911
Innovation is widely considered as the main determinant of long-term economic growth. Despite this consensus, it is arduous to measure its economic effect at the firm and aggregate level. The objective of the present paper is to propose a critical examination of innovation indicators and...
Persistent link: https://www.econbiz.de/10011920343
productivity (TFP) growth based on data for 130 countries. It finds that there is a strong correlation between TFP growth and one …
Persistent link: https://www.econbiz.de/10014367302
Over the last decades there has been a sizeable increase in trade and financial openness, triggered by current and … either directly the evolution of trade costs over time or the sensitivity of trade flows to distance in gravity models. In … their survey of the empirical trade literature, Leamer and Levinsohn (1995) conclude that the effect of distance on trade …
Persistent link: https://www.econbiz.de/10011340704
reached and the trend is increasing, as it can be seen from the trade balance for cereals. …
Persistent link: https://www.econbiz.de/10012112567
reached and the trend is increasing, as it can be seen from the trade balance for cereals. …
Persistent link: https://www.econbiz.de/10012519733
primarily interested in the presence and magnitude of spillovers but imposes a rigid ad hoc structure on the channels these can … factor approach which accounts for R&D spillovers without imposing any arbitrary structure on their nature and channels. At …, pointing to the presence of knowledge spillovers. Further, our estimations suggest that when ignoring the presence of …
Persistent link: https://www.econbiz.de/10010270179
This study examines whether competition improves corporate performance in Korean economy. Market competition promotes managerial efforts for cost reduction and innovation, while market concentration enables managers to enjoy a "quiet life". The effect of competition can be substituted, to some...
Persistent link: https://www.econbiz.de/10010332572
In this paper we analyze the role of the IMF and the World Bank in triggering changes in the political regime, i.e., democracy and autocracy. We develop a theoretical model which predicts that anticipation of financial flows from international financial institutions may trigger political regime...
Persistent link: https://www.econbiz.de/10010270080