Competitiveness differentials are blamed for the instability of the Eurozone. Most of the analyses focus on labour … costs or labour-market institutions. This paper explores an additional source of differentials in competitiveness: land and … companies can be also observed in some countries. Higher prices impede firm competitiveness in at least two ways: a) investments …

way to restore competitiveness within a currency union. This fosters fears among observers about a beggar …-thy-neighbor policy that leaves non-reforming countries with a loss in competitiveness and an increase in foreign debt. Using a two …

There are significant effects of changing demographics on economic indicators: growth in GDP especially, but also the … effects, with increases in that age group exerting strong positive effects on GDP growth, and negative effects on the CAB and …

that a reduced reliance on foreign capital is associated with higher growth. This result is weaker when we use panel data … whether this pattern of capital flows has hurt growth in nonindustrial economies that export capital. Surprisingly, we find … that there is a positive correlation between current account balances and growth among nonindustrial countries, implying …

panel VAR techniques to use a large annual dataset on 22 OECD countries over the period 1987-2009. The VAR approach allows …

We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR …