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We explain how the external counterpart of the euro area M3 can be analysed by using the euro area balance of payments (b.o.p.). This is possible because the net external assets of the monetary financial institutions (MFIs) are present in two statistical frameworks that follow similar...
Persistent link: https://www.econbiz.de/10012521142
countries. The findings reveal a substantial growth in Finland's service exports, though at a slower pace than the EU average … Denmark have focused their service exports in specific areas. In the future, diversifying the range of service exports is …
Persistent link: https://www.econbiz.de/10014530133
and Russia and associated changes in imports schedule on the structure of Kazakhstan's imports. Trade creation effects … a significantly negative impact on imports from China in particular and a significantly positive impact on imports from …
Persistent link: https://www.econbiz.de/10011430902
imports, while their effect on exports is likely to depend on how much domestic labour contributes to total value added. If … that the effect of corporate tax on exports and imports depends on the stock of FDI. Corporate taxes are unlikely to affect … have a major impact on exports. This is an important finding, because it challenges the established view in the literature …
Persistent link: https://www.econbiz.de/10013178172
The EU candidate and potential candidate countries have made considerable progress in economic transition and integration into the world economy within less than two decades. Nevertheless, gaps in terms of income per capita relative to the euro area remain large. This suggests that the...
Persistent link: https://www.econbiz.de/10011606238
This study was prepared by Andreas Kuhlmann, while he was working with the Ifo Institute for Economic Research. It was completed in September 2006 and was accepted as a Ph.D. thesis by the Economics Department of the University of Munich. The subject of this study is the analysis of network...
Persistent link: https://www.econbiz.de/10011698334
Die Terms-of-Trade (ToT) bezeichnen das Tauschverhältnis von Warenimporten zu Warnexporten, also die Relation von Export- zu Importpreisen. Das Einwirken gegenläufiger Kräfte führte in Österreich dazu, dass sich die ToT im langfristigen Vergleich relativ stabil entwickelten. Die vorliegende...
Persistent link: https://www.econbiz.de/10011345650
This study provides country-specific empirical evidence on the optimal inflation-growth threshold in the WAMZ over the period 1996-2021. Although there is large empirical literature on this subject, however, previous studies on the WAMZ economies generally focused on exogenous approaches of...
Persistent link: https://www.econbiz.de/10014560171
We compare the economic growth performance of Belarus and Lithuania since the collapse of the Soviet Union in 1991. Our interest in this country pair is driven by the two countries' interwoven histories as well as by the fact that Belarus remains autocratic and strongly tied to Russia, while...
Persistent link: https://www.econbiz.de/10013429074
diversified exports, and fewer restrictions on trade, in addition to more comprehensive and quicker restructuring of the national …
Persistent link: https://www.econbiz.de/10014374374