Showing 1 - 10 of 342
Persistent link: https://www.econbiz.de/10001936260
This article proposes a multivariate model of inflation with conditionally heteroskedastic common and country-specific components. The model is estimated in one-step via Quasi-Maximum Likelihood for the G7 countries for the period Q1-1960 to Q4-2009. It is found that various model specifications...
Persistent link: https://www.econbiz.de/10008738372
In this paper, we use survey data to analyze the rationality of professional macroeconomic forecasts. We analyze both individual forecasts and average forecasts. We provide evidence on the properties of forecasts for all the G7-counties and four different macroeconomic variables. Furthermore, we...
Persistent link: https://www.econbiz.de/10003756515
Economic theory predicts that the integration of financial markets lowers the volatility of consumption. In this paper, we study long-term trends in the consumption volatility of the G7 countries. Using different measures of financial openness, we find some evidence that greater financial...
Persistent link: https://www.econbiz.de/10003207964
The ongoing debate of the literature on learning-by-exporting is whether the conspicuously stellar performance of exporters relative to non-exporters can be, at least partially, attributed to the horizonwidening interaction with foreign consumers and learning of cost-efficient and quality...
Persistent link: https://www.econbiz.de/10003981867
The prevalence of Internet-based sales by exporters vs. non-exporters is highlighted in a recent World Bank Report (Ferro, 2011) suggesting the use of sophisticated processes when selling overseas. We investigate the count of new process/ product innovations for a group of newly exporting...
Persistent link: https://www.econbiz.de/10009310852
Learning-by-exporting proponents argue that exporting increases productivity by exposing producers to new technologies or through product quality upgrading. This study is based on the observation that the technological superiority and severity of product quality requirements are not the same in...
Persistent link: https://www.econbiz.de/10003208073
data on Chinese overseas debt stocks and flows. Third, the type of flows is tailored by recipient. Advanced and higher … backed by collateral such as oil. Our new dataset covers a total of 1,974 Chinese loans and 2,947 Chinese grants to 152 …
Persistent link: https://www.econbiz.de/10012025564
, in particular between Chinese and non-Chinese firms. Based on a firm level survey on Ethiopia and Ghana, we found that … countries. There is little difference between Chinese and non-Chinese foreign firms in such technology and managerial skill … & vertical spillover, directly adopting techniques). However, we found for Ghana that Chinese firms have more suppliers but are …
Persistent link: https://www.econbiz.de/10014528266
This paper aids our understanding of the link between innovation and exporting behavior by detailing how firms may purposefully decide on the source country for the imported innovation and the market that they ultimately serve. We argue that firms who invest in the state-of-the-art technologies...
Persistent link: https://www.econbiz.de/10003956230