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The Euro Introduction and Non-Euro Currencies

van Dijk, Dick; Munandar, Haris; Hafner, Christian M. - 2005

This paper documents the existence of large structural breaks in the unconditional correlations among the British pound, Norwegian krone, Swedish krona, Swiss franc, and euro exchange rates (against the US dollar) during the period 1994-2003. Using the framework of dynamic conditional...

Persistent link: https://www.econbiz.de/10010325483

Trade Policy Options of Ukraine: East or West

Mikolajun, Irena; Paap, Richard; Viaene, Jean-Marie; … - 2016

The dissolution of the Soviet Union in 1991 has led to the independence of fifteen new states. Twelve of these, including Ukraine, joined the Commonwealth of Independent States (CIS) whose goal was to form a common economic space with free movement of goods, labor and capital. Twenty five years...

Persistent link: https://www.econbiz.de/10011526134

Trade and Growth under Limited Liberalization

Bakanova, Marina; de Souza, Lúcio Vinhas - 2002

This paper studies the connection between trade and growth in the context of a partial and inconsistent liberalization … for the closer integration with Russia and the impact of this process on Belarus growth led us to the conclusion that the … conclusion is supported by the results of country-specific growth regressions and of a counterfactual free trade experiment via a …

Persistent link: https://www.econbiz.de/10010324938

Output Divergence in Fixed Exchange Rate Regimes: Is the Euro Area Growing Apart?

Chen, Yao; Ward, Felix - 2022

-run equilibrium characteristic of a two-region model with fixed exchange rates, heterogeneous labor markets, and endogenous growth …. Under flexible exchange rates, monetary policy closes output gaps and realizes the associated maximum TFP growth in both … regions. Upon fixing exchange rates, the region with higher structural wage inflation falls into a low-growth trap. When …

Persistent link: https://www.econbiz.de/10013356487

A meta-analysis of the total economic impact of climate change

Tol, Richard S.J. - 2022

vulnerable than richer ones. A meta-analysis of the impact of weather shocks reveals that studies, which relate economic growth … to temperature levels, cannot agree on the sign of the impact whereas studies, which make economic growth a function of … change has a permanent effect on economic growth, the latter that the effect is transient. The impact on economic growth …

Persistent link: https://www.econbiz.de/10013356512

Import competition and domestic transport costs

Caragliu, Andrea; Gerritse, Michiel - 2022

With China's 2001 WTO accession, trade costs between the US and China fell sharply, but the transport costs of Chinese imports within the US remained sizable. We argue that domestic transport costs shield local labor markets from globalization. Using a shift-share design for industry-level...

Persistent link: https://www.econbiz.de/10013427598

R&D decisions and productivity growth: Evidence from Switzerland and the Netherlands

Dobbelaere, Sabien; König, Michael D.; Spescha, Andrin; … - 2023

examines reasons for this divergence and its impact on productivity growth. Our micro-data reveal R&D concentration among high …-productivity firms in Switzerland. Innovation support sustains firms' R&D activities in both countries. Our structural growth model … prioritize enhancing innovation and imitation success over cost reduction to boost productivity growth. …

Persistent link: https://www.econbiz.de/10014469854

Sectoral Energy- and Labour-Productivity Convergence

Mulder, Peter; de Groot, Henri L.F. - 2004

- and labour-productivity growth. …

Persistent link: https://www.econbiz.de/10010325188

International Comparisons of Sectoral Energy- and Labour-Productivity Performance: Stylised Facts and Decomposition of Trends

Mulder, Peter; de Groot, Henri L.F. - 2004

This paper addresses the interplay between economic growth, energy use, change in sectoral composition and … considerably to macroeconomic energy-productivity growth while in other countries they partly offset energy-efficiency improvements … also find labour productivity growth to be higher on average than energy productivity growth. Over time, this bias towards …

Persistent link: https://www.econbiz.de/10010325213

Decoupling Economic Growth and Energy Use. An Empirical Cross-Country Analysis for 10 Manufacturing Sectors

Mulder, Peter; de Groot, Henri L.F. - 2004

This paper provides an empirical analysis of decoupling economic growth and energy use and its various determinants by … considerably to aggregate manufacturing energy-productivity growth and, hence, to decoupling, while in other countries they partly … manufacturing labour-productivity developments. Furthermore, we find labour-productivity growth to be higher on average than energy …

Persistent link: https://www.econbiz.de/10010325244