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Koren, Miklós; Tenreyro, Silvana - 2021

Why is GDP so much more volatile in poor countries than in rich ones? To answer this question, we propose a theory of technological diversification. Production makes use of different input varieties, which are subject to imperfectly correlated shocks. As in endogenous growth models,...

Persistent link: https://www.econbiz.de/10013318779

Is China Climbing Up the Quality Ladder? Estimating Cross Country Differences in Product Quality Using Eurostat's COMEXT Trade Database

Pula, Gábor - 2011

imposes a threat to the market positions of advanced economies. While China's export structure is very similar to that of the … advanced world, its export unit values are well below the level of developed economies. Building on the assumption that unit … be justified by its relatively low average prices, implying that the quality of Chinese export products is relatively …

Persistent link: https://www.econbiz.de/10013129033

Networks of Value Added Trade

Amador, João - 2016

Global Value Chains (GVCs) became the paradigm for the production of most goods and services around the world. Hence, interconnections among countries can no longer be adequately assessed through standard bilateral gross trade flows and new methods of analysis are needed. In this paper, we...

Persistent link: https://www.econbiz.de/10012987403

Technological diversification

Koren, Miklós; Tenreyro, Silvana - 2005

Persistent link: https://www.econbiz.de/10011604597

Fragmentation, Incomes and Jobs : An Analysis of European Competitiveness

Timmer, Marcel - 2013

Increasing fragmentation of production across borders is changing the nature of international competition. As a result, conventional indicators of competitiveness based on gross exports become less informative and new measures are needed. In this paper we propose an ex-post accounting framework...

Persistent link: https://www.econbiz.de/10013072991

New Technologies and Jobs in Europe

Albanesi, Stefania; Silva, António Dias da; Jimeno, Juan F. - 2023

We examine the link between labour market developments and new technologies such as artificial intelligence (AI) and software in 16 European countries over the period 2011-2019. Using data for occupations at the 3-digit level in Europe, we find that on average employment shares have increased in...

Persistent link: https://www.econbiz.de/10014346583

Medium Run Redux : Technical Change, Factor Shares and Frictions in the Euro Area

McAdam, Peter - 2008

We develop a framework for analyzing quot;medium-runquot; departures from balanced growth, and apply it to the economies of continental Europe. A time-varying factor-augmenting production function (mimicking quot;directedquot; technical change) with a below-unitary substitution elasticity...

Persistent link: https://www.econbiz.de/10012771612

Do EU Structural Funds Promote Regional Employment? Evidence from Dynamic Panel Data

Mohl, Philipp - 2011

Despite its rather broad goal of promoting 'economic, social and territorial cohesion', the existing literature has mainly focused on investigating the Cohesion Policy's growth effects. This ignores the fact that part of the EU expenditures is directly aimed at reducing disparities in the...

Persistent link: https://www.econbiz.de/10013118136

House Price Cycles in Europe

Corradin, Stefano - 2013

This paper examines the house price dynamics for thirteen European countries. A Markov-switching error correction model is estimated on house price returns at the country level, with deviations between house prices and fundamentals feeding into the short-run dynamics. The system is assumed to be...

Persistent link: https://www.econbiz.de/10013072994

The Role of Fiscal Transfers for Regional Economic Convergence in Europe

Checherita-Westphal, Cristina - 2009

This paper provides evidence on the role of net fiscal transfers to households and EU structural funds for per-capita output convergence across a large sample of European regions during the period 1995-2005. We find that net fiscal transfers, while achieving regional redistribution, seem to...

Persistent link: https://www.econbiz.de/10012764767