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Real Exchange Rate Dynamics in the Presence of Nontraded Goods and Transaction Costs
LEE, Inkoo; SHIN, Jonghyup - East Asian Bureau of Economic Research (EABER) - 2008
volatility of the real exchange rate. In addition, the sensitivity analysis shows that our model can rationalize more than 97% of … both persistence and volatility of the real exchange rate. Our analysis suggests that the purchasing price parity puzzle …
Persistent link: https://www.econbiz.de/10009365409
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The Increase in Income Cyclicality of High-Income Households and its Relation to the Rise in Top Income Shares
Parker, Jonathan A.; Vissing-Jorgensen, Annette - National Bureau of Economic Research (NBER) - 2010
We document a large increase in the cyclicality of the incomes of high-income households, coinciding with the rise in their share of aggregate income. In the U.S., since top income shares began to rise rapidly in the early 1980s, incomes of those in the top 1 percent of the income distribution...
Persistent link: https://www.econbiz.de/10008756449
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Canada's Pioneering Experience with a Flexible Exchange Rate in the 1950s:(Hard) Lessons Learned for Monetary Policy in a Small Open Economy
Bordo, Michael David; Dib, Ali; Schembri, Lawrence - National Bureau of Economic Research (NBER) - 2007
volatility of key macro-economic variables. The Canadian monetary authorities, however, clearly did not understand all of the …
Persistent link: https://www.econbiz.de/10005830619
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International Risk Cycles
Gourio, Francois; Verdelhan, Adrien; Siemer, Michael - National Bureau of Economic Research (NBER) - 2011
Recent work in international finance suggests that the forward premium puzzle can be accounted for if (1) aggregate uncertainty is time-varying, and (2) countries have heterogeneous exposures to a world aggregate shock. We embed these features in a standard two-country real business cycle...
Persistent link: https://www.econbiz.de/10009225821
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Impact of Export Subsidies on Pakistan’s Exports
Haque, Nadeem Ul - East Asian Bureau of Economic Research (EABER) - 2007
Throughout Pakistans history, policy has sought to promote exports through government support and incentives. The …, over the long run, the export financing scheme had a negative effect on exports while the rebate/refund scheme affected … exports insignificantly. Subsidy schemes clearly do not seem to work, yet they have been retained for many years. …
Persistent link: https://www.econbiz.de/10009363429
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Ownership structures and R&D in Europe: the good institutional investors, the bad and ugly impatient shareholders
Brossard, Olivier; Lavigne, Stéphanie; Sakinc, Mustafa … - HAL - 2013
This study examines the relationship between ownership structures in large European companies and their innovative activity in terms of R&D spending. The analysis is performed on a sample of 324 large innovative companies over 8 years. Contrary to the view that institutional investors can have a...
Persistent link: https://www.econbiz.de/10010820798
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Understanding Innovation in Production Networks in East Asia
Wignaraja, Ganeshan - East Asian Bureau of Economic Research (EABER) - 2013
This paper explores the “black box†of innovation in the electronics production network in East Asia through a … foreign ownership and innovation in increasing the probability of exporting in electronics. Higher levels of skills, managersâ … of innovation than the research and development (R&D) to sales ratio. Accordingly, technological effort in electronics in …
Persistent link: https://www.econbiz.de/10011277999
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Do Exporting Firms in the People’s Republic of China Innovate?
Wignaraja, Ganeshan - East Asian Bureau of Economic Research (EABER) - 2012
innovation was important, there has been little research on opening up the black box of technology at firm-level in the PRC. This … paper undertakes econometric analysis of innovation, learning, and exporting in automobiles and electronics firms in the PRC … using a large-scale dataset to identify the most appropriate innovation proxy. Drawing on recent literature on innovation …
Persistent link: https://www.econbiz.de/10011278008
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Understanding Innovation in Production Networks in East Asia
Wignaraja, Ganeshan - East Asian Bureau of Economic Research (EABER) - 2013
This paper explores the “black box†of innovation in the electronics production network in East Asia through a … foreign ownership and innovation in increasing the probability of exporting in electronics. Higher levels of skills, managersâ … of innovation than the research and development (R&D) to sales ratio. Accordingly, technological effort in electronics in …
Persistent link: https://www.econbiz.de/10011278060
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Do Exporting Firms in the People’s Republic of China Innovate?
Wignaraja, Ganeshan - East Asian Bureau of Economic Research (EABER) - 2012
innovation was important, there has been little research on opening up the black box of technology at firm-level in the PRC. This … paper undertakes econometric analysis of innovation, learning, and exporting in automobiles and electronics firms in the PRC … using a large-scale dataset to identify the most appropriate innovation proxy. Drawing on recent literature on innovation …
Persistent link: https://www.econbiz.de/10011278092