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During the last two decades a number of emerging economies have become deeply engaged in technology-intensive production. This has been reflected in their international trade specialization shifting from labour-intensive goods towards capital-intensive ones, and in rapid productivity gains...
Persistent link: https://www.econbiz.de/10010273448
Improved governance and lower start-up costs may not be sufficient for encouraging the type of entrepreneurship that matters for economic growth. Using panel data on 60 countries spanning the period 2003-07 this paper establishes that (i) opportunitymotivated entrepreneurship (as opposed to...
Persistent link: https://www.econbiz.de/10010273479
world if the determinants of health had continued developing over these decades as they did over 1960-80. The results …
Persistent link: https://www.econbiz.de/10010273481
This paper investigates the relationship between the main business cycles features and the institutional and structural characteristics of countries in which they are observed. We derive the business cycle characteristics of the individual countries using the nonparametric Harding-Pagan...
Persistent link: https://www.econbiz.de/10010273647
This paper characterizes the business cycle as a recurring Markov chain for a broad set of developed and developing countries. The objective is to understand differences in cyclical phenomena across a broad range of countries based on the behavior of two key economic times series - industrial...
Persistent link: https://www.econbiz.de/10010273654
As a result of the current global financial crisis, in 2009 the world economy is likely to experience the largest … contraction since World War II and the unemployment rate to reach historical highs in many countries. The fact that the current … Great Depression are not valid anymore to a great extent. Together with the decisions taken by the leaders of the world …
Persistent link: https://www.econbiz.de/10010273672
This paper characterizes business cycle phenomena in a sample of 22 developed and developing economies using a univariate Markov regime switching approach. It examines the efficacy of this approach for detecting business cycle turning points and for identifying distinct economic regimes for each...
Persistent link: https://www.econbiz.de/10010273675
Survey respondents in fourteen countries representing 62% of the world's Muslim population indicate that approval of …
Persistent link: https://www.econbiz.de/10010273677
This paper provides a brief analysis of three major questions raised in the context of the recent global financial crisis. First, how similar is the crisis to previous episodes? We argue that the crisis featured some close similarities to earlier ones, including the presence of credit and asset...
Persistent link: https://www.econbiz.de/10010273680
We investigate the effect of financial integration on the degree of international business cycle synchronization. For identfication, we use a confidential database on banks' bilateral exposure over the past three decades and employ a novel bilateral country-pair panel instrumental vari- ables...
Persistent link: https://www.econbiz.de/10010273687