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Urban economists have long sought to explain the relationship between urbanization levels and output. In this paper we revisit this question and test the long run stability of a production function with urbanization using non-stationary panel data techniques. Our results show that a long run...
Persistent link: https://www.econbiz.de/10013127230
This paper explores the empirical link between income inequality and inflation in ten OECD countries over the period … 1971 to 2010. In addition to inflation, we include six control variables in our analysis: economic development level … between long-run inflation and income inequality. Low inflation rates are associated with higher income inequality. As …
Persistent link: https://www.econbiz.de/10013053130
Allowing for time-varying treatment effects, this paper provides new findings on the effects of inflation targeting on … economic performance over time. First, developed countries lower inflation and reach their targets rapidly in two years and … developing countries reduce inflation gradually in that disinflation still continues moving to their long-run targets. Second …
Persistent link: https://www.econbiz.de/10014207242
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This article investigates the effects of inflation on FDI in 74 countries clustered into industrialized and non …-industrialized economies. Contrary to previous studies, we show that the link between inflation and FDI is nonlinear, with threshold effects in … industrialized and non-industrialized economies. We find that the inflation threshold is about five times higher for non …
Persistent link: https://www.econbiz.de/10012844329
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larger than the world market …
Persistent link: https://www.econbiz.de/10013155054
Two different approaches are used in this article to study productivity per employee: the determinants of its growth rate in the 1990s are first examined, and then the determinants of its level, using a more structural approach. ICT are shown to have a positive and significant effect on both...
Persistent link: https://www.econbiz.de/10014188048