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Over the last twenty five years, current account imbalances have been both rising over the trend and have become more volatile over the cycle. In boom times, imbalances expanded while in times of a cyclical downturn they shrank. A rising trend has been mainly explained with two developments:...
Persistent link: https://www.econbiz.de/10010313187
This policy brief presents a long term assessment of low-carbon energies including renewables, nuclear and fossil energy with CCS. It targets the electricity sector from a global to a regional perspective and from centralized to decentralized energy systems. The policy brief aims at finding...
Persistent link: https://www.econbiz.de/10010313189
relations, new forms of global interconnectedness. The crisis has been recognized as a major challenge not only for the world …We are looking back to one of the most severe financial crises ever. The subprime crisis, as future generations may … call it, was not just a crisis among others, but had a truly global dimension. There are still doubts whether the flames …
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Many countries strive to attract foreign direct investment (FDI) hoping that knowledge brought by multinationals will spill over to domestic industries and increase their productivity. While the empirical studies have cast doubt on the existence of horizontal spillovers from FDI in developing...
Persistent link: https://www.econbiz.de/10010313226
We use comparable micro level panel data for 14 countries and a set of identically specified empirical models to investigate the relationship between exports and productivity. Our overall results are in line with the big picture that is by now familiar from the literature: Exporters are more...
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