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A Further Examination of the Export-Led Growth Hypothesis

Dreger, Christian; Herzer, Dierk - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2011

This paper challenges the common view that exports generally contribute more to GDP growth than a pure change in export volume, as the export-led growth hypothesis predicts. Applying panel cointegration techniques to a production function with non-export GDP as the dependent variable, we find...

Persistent link: https://www.econbiz.de/10009283552

On the Relevance of Exports for Regional Output Growth in China

Dreger, Christian; Zhang, Yanqun - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2013

Despite high economic growth during the last decades, China is still vulnerable to shocks arising from industrial states. The advanced economies determine Chinese export performance, with subsequent effects on output growth. Using a production function approach, this paper examines to which...

Persistent link: https://www.econbiz.de/10010896202

Does Euro Area Membership Affect the Relation between GDP Growth and Public Debt?

Dreger, Christian; Reimers, Hans-Eggert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2012

We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds...

Persistent link: https://www.econbiz.de/10010784003

European Regional Convergence in a Human Capital Augmented Solow Model

Eckey, Hans-Friedrich; Dreger, Christian; Türck, Matthias - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2006

In this paper, the process of productivity convergence is investigated for the enlarged European Union using regional … control for spatial effects. All specifications confirm the presence of convergence with an annual speed between 3 and 3 … in the speed of convergence across the regions, where a higher speed is striking in particular in France and the UK …

Persistent link: https://www.econbiz.de/10004963803

Economic Convergence and Rent-Seeking in Iran

Dreger, Christian; Rahmani, Teymur; Eckey, Hans-Friedrich - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2007

The neoclassical growth model predicts convergence of productivity or per capita output levels across regions. If … participation in the labor force is constant, convergence of per capita income is implied. We investigate this hypothesis for the … support absolute ß-convergence across Iran's provinces and provide some evidence on the adverse effect of rent seeking on …

Persistent link: https://www.econbiz.de/10004963853

On the Relationship between Public and Private Investment in the Euro Area

Dreger, Christian; Reimers, Hans-Eggert - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2014

This paper explores the long run relationship between public and private investment in the euro area in terms of capital stocks and gross investment flows. Panel techniques accounting for international spillovers are employed. While private and public capital stocks are cointegrated, the...

Persistent link: https://www.econbiz.de/10010744674

Fiscal Policy Rules for Stabilisation and Growth: A Simulation Analysis of Deficit and Expenditure Targets in a Monetary Union

Brück, Tilman; Zwiener, Rudolf - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2004

We analyse the effectiveness of fiscal policy rules for business cycle stabilisation in a monetary union using a quarterly macro-econometric model of Germany. The simulations compare a deficit target and an expenditure target under a range of supply, demand and fiscal shocks. Their effects are...

Persistent link: https://www.econbiz.de/10005068913

Stability Criteria and Convergence: The Role of the System of National Accounts for Fiscal Policy in Europe

Brück, Tilman; Cors, Andreas; Zimmermann, Klaus F.; … - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2002

The standardisation of the European systems of national accounts has progressed significantly in recent years. Some room for interpretation remains in regard to some accounting standards, the periodicity of the data, and the quality of the forecasts of budget deficits. Yet national accounts data...

Persistent link: https://www.econbiz.de/10005069043