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How to Measure Globalisation? A New Globalisation Index (NGI)

Vujakovic, Petra - 2009

With its 21 variables, the new composite globalisation index presented in this paper accounts for the multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation indices, three major innovations are introduced: First, five...

Persistent link: https://www.econbiz.de/10011435283

Asset Price Fluctuations, Financial Crises and the Stabilizing Effects of a General Transaction Tax

Schulmeister, Stephan - 2009

The deepening of the recent crisis was driven by the simultaneous devaluation of stock wealth, housing wealth and commodity wealth. The potential for this devaluation process had been "built up" during the boom of stock prices, house prices and commodity prices between 2003 and 2007. Hence, this...

Persistent link: https://www.econbiz.de/10011435285

Post Crisis Policy: Some Reflections of a Keynesian Economist

Aiginger, Karl - 2010

This paper compares the depth and length of the recent crisis with the Great Depression in the 1930s. It claims that economic policy played a crucial role in shortening and curtailing the recent crisis. We analyse which policies were applied during the recent crisis and which measures worked. We...

Persistent link: https://www.econbiz.de/10011435292

Venture Capital in Bank- and Market-based Economies

Saillard, Adeline; Url, Thomas - 2011

The determinants of venture capital investment have attracted a significant amount of attention from both academics and policymakers. We use a version of the Keuschnigg-Nielsen model for venture-capital financed projects to condition our analysis on a reasonable set of exogenous variables but we...

Persistent link: https://www.econbiz.de/10011435308

Why Performance Differed Across Countries in the Recent Crisis. How Country Performance in the Recent Crisis Depended on Pre-crisis Conditions

Aiginger, Karl - 2011

The growth performance of countries proved to be very different during the recent crisis. We apply principal component analysis to derive a single ordinal indicator on growth performance and to analyse whether initial conditions of economies or structural characteristics can explain the...

Persistent link: https://www.econbiz.de/10011435319

Why Labour Market Response Differed in the Great Recession: The Impact of Institutions and Policy

Aiginger, Karl; Horvath, Thomas; Mahringer, Helmut - 2011

This paper investigates the performance of labour markets during the recent crisis for 28 industrialised countries, specifically the reaction of employment and unemployment indicators relative to output changes. We construct a composite indicator for output as well as labour market performance....

Persistent link: https://www.econbiz.de/10011435322

Determinants of the Growth Elasticity of Poverty Reduction. Why the Impact on Poverty Reduction is Large in Some Developing Countries and Small in Others

Wieser, Christina - 2011

This paper investigates the determinants of the growth elasticity of poverty by using the internationally designed poverty line, measured by the share of the population living below USD 1.25 per day. We identify the determinants of changes in the poverty rate of countries using single and...

Persistent link: https://www.econbiz.de/10011435326

Trade Synchronisation During Major Economic Crises

Bärenthaler-Sieber, Susanne; Bilek-Steindl, Sandra; … - 2013

In this paper we present a new long-term database on monthly export and import series for 23 economies during 1921-2010 and its first empirical application. Using these data, we analyse the synchronised decline in foreign trade during the recession 2008-09 in a historical perspective. We...

Persistent link: https://www.econbiz.de/10011435348

Whither Panama? Constructing a Consistent and Balanced World SUT System Including International Trade and Transport Margins

Streicher, Gerhard; Stehrer, Robert - 2012

This paper aims to complement work done within the WIOD project (the "World Input Output Database" project financed by … the world economy. The paper describes the derivation of international trade and transport margins (TIR services) together … with a consistent and balanced system of supply and use tables at the world level. As a by-product, this also yields supply …

Persistent link: https://www.econbiz.de/10011435367

Measuring and Testing Complementarity and Co-evolution in Financial Systems

Saillard, Adeline; Url, Thomas - 2013

The distinction between bank- and market-based economies has a long tradition in applied macroeconomics. The two types of financial architecture differ not only with respect to the amount of funds channelled through private banking versus the capital market but with respect to several other...

Persistent link: https://www.econbiz.de/10011435369