This paper explores the impact of openness, as measured by import penetration, on the size and duration of fiscal multipliers and spillovers across European Union members. The analysis is embedded in a macroeconomic model, NiGEM, to capture structural differences across countries, time and...

The paper investigates the factors affecting the equilibrium level of output in a panel of European countries. Output depends on factor inputs and on the technology and the efficiency with which those factors are used. Efficiency may be driven by international conditions and institutional...

Economic performance in the UK improved over 1997 and 2007 in comparison to other OECD countries. We employ growth accounting and crossÃcountry regression analysis to identify factors behind this relative improvement in performance. Based on growth accounting analysis, we find out that, capital...

Summarised from the National Institute Economic Review, No. 197, July 2006. To order a the full version of this article or a subscription, please contact Sage Publications by telephone: +44 (0) 20 7324 8701, email: mailto:subscriptions@sagepub.co.uk or online at http://ner.sagepub.com.Â¥...

Economic performance in the UK improved over 1997 and 2007 in comparison to other OECD countries. We employ growth accounting and cross–country regression analysis to identify factors behind this relative improvement in performance. Based on growth accounting analysis, we find out that,...

The NiGEM-S model is based on the National Institute Global Econometric Model, NiGEM, a large-scale structural macro-econometric model of the world economy, which the National Institute has been developing since 1987. NiGEM is used for forecasting and policy analysis by NIESR and model...

World economy will grow by 3.7 per cent in 2014 and 2015; an improvement on the 3.1 per cent last year, but still a sluggish recovery by historical standards. Growth prospects have improved in advanced economies, particularly in the US, but have deteriorated in a number of emerging market economies....