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Digitalisation may be viewed as a sequence of supply and technology shocks affecting the economy through productivity and output, employment and labour markets, competition and market structure. This paper focuses on the effects of digitalisation on economic growth, and how those effects may...
Persistent link: https://www.econbiz.de/10014076473
The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...
Persistent link: https://www.econbiz.de/10013316179
mitigate economic downturns in the short run and whether such impact differs in crisis and non crisis times. We use panel …
Persistent link: https://www.econbiz.de/10013316206
The number of variables related to long-run economic growth is large compared with the number of countries. Bayesian model averaging is often used to impose parsimony in the cross-country growth regression. The underlying prior is that many of the considered variables need to be excluded from...
Persistent link: https://www.econbiz.de/10011605280
economies than in emerging markets. These results are confirmed when we use a parametric dynamic panel fixed effect model to …
Persistent link: https://www.econbiz.de/10012943464
reforms enhancing the efficiency of public administration and regulation, the rule of law and the fight against rent …
Persistent link: https://www.econbiz.de/10012982916
European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent …
Persistent link: https://www.econbiz.de/10013316645
This paper provides an overview of the panel VAR models used in macroeconomics and finance. It discusses what are their … estimated and how shock identification is performed, and compares panel VARs to other approaches used in the literature to deal …
Persistent link: https://www.econbiz.de/10013088488
This paper compares impulse responses to monetary policy shocks in the euro area countries before the EMU and in the New Member States (NMS) from central-eastern Europe. We mitigate the small sample problem, which is especially acute for the NMS, by using a Bayesian estimation that combines...
Persistent link: https://www.econbiz.de/10012765781
European countries. We apply modern panel data techniques to the period 1970-2006, and we use three alternative dependent …
Persistent link: https://www.econbiz.de/10011604894