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Purpose – This paper aims to investigate the integrational properties of real GDP for 125 countries . Design/methodology/approach – The paper applies the Kwiatkowski et al. univariate test and a KPSS-type univariate test that accounts for multiple structural breaks – a test procedure...
Persistent link: https://www.econbiz.de/10009483850
Nowadays, tourism is a fast-growing industry, and one of the most vital sectors that drive the economic growth. This paper analyzes and tries to shed light in the contribution that tourism has on economy. The analysis is done for four Western Balkans countries, making a comparison between their...
Persistent link: https://www.econbiz.de/10015336351
The main aim of this paper is to analyse sectoral contributions to dynamics productivity and output development in context of business cycle. Used dates were Czech Republic behind years 1995- 2009 (15 years). The main used indicators were labour productivity and capital productivity. The...
Persistent link: https://www.econbiz.de/10011315945
kausale Beziehung zwischen ausländischen Direktinvestitionen (DI) und Wirtschaftswachstum in 6 lateinamerikanischen Ländern … aufgeworfen, wie die Interaktion zwischen DI und inländischem Wirtschaftswachstum zu sehen ist. Auch wenn in der theoretischen als … auch empirischen Literatur signifikante Belege für eine Verbindung zwischen DI und Wirtschaftswachstum zu finden sind, so …
Persistent link: https://www.econbiz.de/10009476170
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Persistent link: https://www.econbiz.de/10010353250
New residential construction is significantly more procyclical in emerging markets than in developed countries, although the correlation between aggregate investment and output is similar across emerging and developed countries. This paper shows that a multi-sector stochastic growth model with a...
Persistent link: https://www.econbiz.de/10009450704
Castro and Coen-Pirani (2008) document that aggregate skilled hours and employment both became more volatile after the mid-1980s, in contrast to the simultaneous volatility decline of most aggregates, including overall hours and employment and unskilled hours and employment. In chapter 1, I...
Persistent link: https://www.econbiz.de/10009450956