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Short -Term Capital Flows and Growth in Developed and Emerging Markets

Petroulas, Pavlos - Bank of Greece - 2007

A lot of attention has been directed towards recent financial crises around the world. Empirical studies have found that short-term flows increase financial fragility and increase also the probability of financial crises. This study takes a macro-oriented approach and shows that while large and...

Persistent link: https://www.econbiz.de/10005523491

Cost Efficiency in Greek Banking

Kamberoglou, Nicos C.; Liapis, Elias; Simigiannis, George T. - Bank of Greece - 2004

competitiveness in view of ongoing financial integration in Europe and the introduction of the euro. The results obtained indicate …

Persistent link: https://www.econbiz.de/10005523510

Openness, human capital and total factor productivity: evidence from China

Xu, Helian; Lai, Mingyong; Qi, Peng - In: Journal of Chinese Economic and Business Studies 6 (2008) 3, pp. 279-289

This paper examines the drivers behind China's economic growth. In particular, it focuses on the channels of knowledge spillovers: human capital and openness to trade and foreign direct investment. The specific features of the study include using the most recent comprehensive panel data...

Persistent link: https://www.econbiz.de/10005268944

Is public capital productive in Europe?

Creel, Jerome; Poilon, Gwenaelle - In: International Review of Applied Economics 22 (2008) 6, pp. 673-691

This paper addresses the issue of whether and by how much public investment or public capital can increase GDP. In comparison with the literature on the subject, we apply many different methodologies to answer these questions. A vector autoregressive (VAR) model (for France, Italy, Germany, the...

Persistent link: https://www.econbiz.de/10005269175

A Micro-econometric Analysis of Public Support to Private R&D in Argentina

Binelli, Chiara; Maffioli, Alessandro - In: International Review of Applied Economics 21 (2007) 3, pp. 339-359

This paper investigates the relationship between government interventions to promote investments in innovation and firm-financed R&D. Merging a unique panel data set on Argentinean firms in the 1990s with a data base on different types of public support received through the FONTAR (Fondo...

Persistent link: https://www.econbiz.de/10005269239

Expectations and perceived causality in fiscal policy: an experimental analysis using real world data

Michele, Bernasconi; Oliver, Kirchkamp; Paolo, Paruolo - Facoltà di Economia, Università degli Studi dell'Insubria - 2003

We generate observable expectations about fiscal variables through laboratory experiments using real world data from several European countries as stimuli.We estimate an econometric model of individual expectations for fiscal policy, which nests various theories of expectations-forming and...

Persistent link: https://www.econbiz.de/10005272603

How Structural Change Differs, and Why it Matters (for Economic Growth)

Laursen, Keld - DRUID, Copenhagen Business School, Department of … - 1998

Several types of theoretical literature on the topic of trade, growth and specialisation, including neoclassical approaches, post-Keynesian literature and some models in evolutionary economics, have shown that it is possible enjoy higher rates of economic growth, given the presence of certain...

Persistent link: https://www.econbiz.de/10005273135

Trade Integration of Central and Eastern European Countries: Lessons from a Gravity Model

Bussière, Matthieu; Fidrmuc, Jarko; Schnatz, Bernd - Oesterreichische Nationalbank - 2005

The aim of the paper is to analyse the factors behind the rapid trade integration of the Central and Eastern European … countries with the euro area in the past ten years and to gauge the potential for further integration. We use as benchmark an …-of-sample” approach. The results suggest that trade integration between most of the largest Central and Eastern European countries and the …

Persistent link: https://www.econbiz.de/10005273265

BANKNOTE PRINTING AT MODERN CENTRAL BANKING: TRENDS, COSTS, AND EFFICIENCY

Camacho, Jorge Eduardo Galán; Paipilla, Miguel Sarmiento - Banco de la Republica de Colombia

(e.g. joint ventures, subsidiaries or purchase of banknotes from specialized companies), and the integration of banknote …

Persistent link: https://www.econbiz.de/10005274421

Bayesian analysis of panel data using an MTAR model

Jung, Yoon Young; Shin, Dong Wan; Oh, Man-Suk - In: Journal of Applied Statistics 32 (2005) 8, pp. 841-854

Bayesian analysis of panel data using a class of momentum threshold autoregressive (MTAR) models is considered. Posterior estimation of parameters of the MTAR models is done by using a simple Markov Chain Monte Carlo (MCMC) algorithm. Selection of appropriate differenced variables, test for...

Persistent link: https://www.econbiz.de/10005278929