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Spanish regional unemployment revisited: The role of capital accumulation

Bande, Roberto; Karannassou, Marika - 2010

This paper provides new evidence for the evolution of regional unemployment rates in Spain over the 1980-2000 period. We argue that interactive dynamic systems of labour demand, wage setting, and labour force equations (i) allow for a richer interpretation of regional disparities, and (ii) can...

Persistent link: https://www.econbiz.de/10010280786

Cross-section dependence and the monetary exchange rate model: A panel analysis

Beckmann, Joscha; Belke, Ansgar; Dobnik, Frauke - 2011

This paper tackles the issue of cross-section dependence for the monetary exchange rate model in the presence of unobserved common factors using panel data from 1973 until 2007 for 19 OECD countries. Applying a principal component analysis we distinguish between common factors and idiosyncratic...

Persistent link: https://www.econbiz.de/10010280799

Capital importers pay more for their imports

Adam, Antonis; Moutos, Thomas - 2012

study exporters' pricing behavior to the rest of the countries in the sample, at the industry level, for 900 goods …

Persistent link: https://www.econbiz.de/10010280800

Exponent of cross-sectional dependence: Estimation and inference

Bailey, Natalia; Kapetanios, George; Pesaran, M. Hashem - 2012

An important issue in the analysis of cross-sectional dependence which has received renewed interest in the past few years is the need for a better understanding of the extent and nature of such cross dependencies. In this paper we focus on measures of cross-sectional dependence and how such...

Persistent link: https://www.econbiz.de/10010280808

Trade openness, market competition, and inflation: Some sectoral evidence from OECD countries

Binici, Mahir; Cheung, Yin-Wong; Lai, Kon S. - 2011

countries. In theory, trade openness can affect inflation through changes in market competitiveness and productivity … openness becomes insignificant in explaining inflation. The results support that changes in market competitiveness and … productivity are the main channels through which trade openness affects inflation. …

Persistent link: https://www.econbiz.de/10010280812

The size distribution across all "cities": A unifying approach

Giesen, Kristian; Suedekum, Jens - 2012

In this paper we show that the double Pareto lognormal (DPLN) parameterization provides an excellent fit to the overall US city size distribution, regardless of whether cities are administratively defined Census places or economically defined area clusters. We then consider an economic model...

Persistent link: https://www.econbiz.de/10010280815

Financial development and income inequality

Jauch, Sebastian; Watzka, Sebastian - 2011

We analyze the link between financial development and income inequality for a broad unbalanced dataset of 138 developed and developing countries over the years 1960 to 2008. Using credit-to-GDP as measure of financial development, our results reject theoretical models predicting a negative...

Persistent link: https://www.econbiz.de/10010280825

Government repression and the death toll from natural disasters

Costa, Samia - 2012

Natural disasters have been a major cause of human suffering. Countries with higher income, lower inequality, lower corruption, and more democratic regimes have been found to experience less casualties from disasters. Government repression, however, could also play a role in disaster...

Persistent link: https://www.econbiz.de/10010280826

Business taxes and the electoral cycle

Foremny, Dirk; Riedel, Nadine - 2012

The purpose of this paper is to assess whether politicians manipulate the timing of tax rate changes in a strategic way to maximize reelection prospects. To do so, we exploit the German local business tax as a testing ground which is set autonomously by German municipalities. As election dates...

Persistent link: https://www.econbiz.de/10010280837

Determinants of survival of newly created SMEs in the Brazilian manufacturing: An econometric study

Façanha, Luis Otávio; Resende, Marcelo; Cardoso, Vicente - 2012

The paper investigates the survival of newly created small and medium enterprises in Brazilian manufacturing taking as …. Salient results include the positive role played by firm size, industry size and industry growth on survival and yet the …

Persistent link: https://www.econbiz.de/10010280848