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After more than 20 years of European Monetary Union (EMU), surprisingly few scientific studies exist which study the growth effects of introducing a common currency in large parts of the European Union. I do so using a large panel (NUTS3 data) of regional data for the EU-15. Some 800 (treated)...
Persistent link: https://www.econbiz.de/10015213349
A systems GMM estimation method is used to estimate the Feldstein-Horioka equation from 1960-2007 with a panel of 12 OECD countries. It is found that the Feldstein-Horioka puzzle exists in a weaker form with a much reduced saving retention coefficient. The Bretton Woods agreement in particular...
Persistent link: https://www.econbiz.de/10015216915
The objective of this paper is to study the interactions between economic liberalisation, political liberalisation and financial development in African countries. More specifically, we seek to establish the impact of economic, political and institutional openness on financial deepening. The...
Persistent link: https://www.econbiz.de/10015220353
This paper was presented in June 1974 at the Symposium ―On the Measurement of Factor Productivities‖ at the castle Reisensburg in Bavaria, and was published in the book of proceedings from this Symposium. It contains results of several years of research about the economies of six East...
Persistent link: https://www.econbiz.de/10015221960
The relationship between calorie and nutrient (fat, protein, and carbohydrates) intake as a function of income is explored using data for 171 countries over two time periods 1990-1992 and 2003-2005. Three types of analysis are employed: i) nonparametric, ii) panel regressions, and iii) quantile...
Persistent link: https://www.econbiz.de/10015222938
Difference-in-differences with matching is a popular method in impact evaluation. Traditional impact evaluation methods … including difference-in-differences with matching often deal with impact measurement of a single binary program. Imbens (1999 …) and Lechner (2001) extend the matching method to the case of multiple mutually exclusive programs. Frölich (2002 …
Persistent link: https://www.econbiz.de/10015223052
The purpose of this paper is twofold: 1) to highlight the widely ignored but fundamental problem of ‘superpopulations’ for the use of inferential statistics in development studies. We do not to dwell on this problem however as it has been sufficiently discussed in older papers by...
Persistent link: https://www.econbiz.de/10015226259
This work aims mainly to present a project of research about the identification of the determinants that affect the mobility of labor. The empirical part of the work will be performed for the NUTS II and NUTS III of Portugal, from 1996 to 2002 and for 1991 and 2001, respectively (given the...
Persistent link: https://www.econbiz.de/10015227812
This work aims to test the Verdoorn Law, with the alternative specifications of (1)Kaldor (1966), for the 28 NUTS III Portuguese in the period 1995 to 1999. It is intended to test, also in this work, the alternative interpretation of (2)Rowthorn (1975) about the Verdoorn's Law for the same...
Persistent link: https://www.econbiz.de/10015227978
The aim of this paper is to present a further contribution, with panel data, to the analysis of absolute convergence ( and ), associated with the neoclassical theory, and conditional, associated with endogenous growth theory, of the sectoral productivity at regional level. Presenting some...
Persistent link: https://www.econbiz.de/10015227988