Showing 1 - 10 of 47
The study is based on the critical observations that competitive market forces alone are not able to assure convergence … competitive market virtues, the EU's economic policy is realistic as it is based on the harmonisation of the market forces with an …
Persistent link: https://www.econbiz.de/10010527400
Romania and the EU as soon as possible cannot be achieved exclusively through market forces, since they rather tend to cause …
Persistent link: https://www.econbiz.de/10010527401
-economic system of European type: transition to the market economy, accession to the EU, the economic convergence in the three …, difficulties and solutions adopted for building-up the market economy by a state being in a profound transformation from weak … transition institutions towards hard democratic institutions. Because the transition to the market economy and the association of …
Persistent link: https://www.econbiz.de/10010527415
For a typical developing country, this paper shows that once inter-sectoral linkages are taken into account, closing the productivity gap in a number of services gives bigger gains in aggregate productivity than closing it in agriculture or in manufacturing. This is performed in the context of...
Persistent link: https://www.econbiz.de/10011445089
We analyze the implications for monetary policy when deficient aggregate demand can cause a permanent loss in potential output, a phenomenon we term output hysteresis. In the model, the incomplete stabilization of a temporary shortfall in demand reduces the return to innovation, thus reducing...
Persistent link: https://www.econbiz.de/10012388955
attributes most of the productivity slowdown of the 1970s to the consumption-goods sector; it suggests that a slowdown in the … rates of total factor productivity in distinct consumption- and investmentgoods- producing technologies. This model … investment-goods sector occurred later and was much less persistent. Against this broader backdrop, the model interprets the more …
Persistent link: https://www.econbiz.de/10010280919
During the last years, Mexico has registered relatively large output falls. The business cycle accounting method of Chari, Kehoe and McGrattan (2007) is applied to the two most recent recessions in Mexico (including the 'Tequila crisis') in order to understand what are the most important wedges...
Persistent link: https://www.econbiz.de/10010322576
In this paper, I document the existence of unconditional convergence in labor productivity across Mexican states in three-digit manufacturing industries. The rate of convergence for the period 1988-2018 is 1.18% per year. However, this result does not hold at the aggregate level: I find no...
Persistent link: https://www.econbiz.de/10014540976
We analyze the relationship between uncertainty and economic growth expectations in Mexico through the Growth at Risk methodology. Our analysis consists of two stages: first, we estimate a quantile regression of annual output growth conditional on lagged values of a measure of macroeconomic...
Persistent link: https://www.econbiz.de/10014541016
What are the effects on the labor market and aggregate income of frictions that restrict women's labor decisions that … the Mexican data. Finally, I use the ENOE to calibrate the model and estimate gender-based frictions in the labor market …
Persistent link: https://www.econbiz.de/10015051863