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international export performance at the firm level. To this end, we use Belgian firm-level data for the period 1999-2010 to analyze … significant negative effect of unit labor costs on export performance of firms with an estimated elasticity of the intensive … costs reduce the probability of starting to export for non-exporters and increase the probability of exporters stopping …
Persistent link: https://www.econbiz.de/10011506796
Countries aspiring to join the euro area—the so-called accession countries—are increasingly binding their economic activity, external and internal, to the euro-area countries. This phenomenon is observed in the currency invoicing of international trade transactions, where accession countries...
Persistent link: https://www.econbiz.de/10010283347
Structural adjustment, as measured by the number of adjustment loans from the IMF and World Bank, reduces the growth elasticity of poverty reduction. Growth does reduce poverty, but I find no evidence for a direct effect of structural adjustment on growth. Instead, the poor benefit less from...
Persistent link: https://www.econbiz.de/10010279201
Advances in the development of Dynamic Stochastic General Equilibrium (DSGE) models towards medium-scale structural frameworks with satisfying data coherence have considerably enhanced the range of analytical tools well-suited for monetary policy evaluation. The present paper intends to make a...
Persistent link: https://www.econbiz.de/10011604988
This article reviews several hypotheses that aim at explaining the development of German merchandise exports. Based on cointegration estimation techniques, we examine different determinants for their ability to explain German exports during the period 1992-2016. The estimation results indicate...
Persistent link: https://www.econbiz.de/10015192076
changes in the similarity of import and export structures, we calculated "Euclidean distance" (in 2004- 2017), the measure …
Persistent link: https://www.econbiz.de/10015192160
We assess Euro Area financial integration correcting for the role of "onshore offshore financial centers" (OOFCs) within the Euro Area. The OOFCs of Luxembourg, Ireland, and the Netherlands serve dual roles as both hubs of investment fund intermediation and centers of securities issuance by...
Persistent link: https://www.econbiz.de/10015199447
article also explores the connection in import and export of the North Range ports to their respective countries and the EU …
Persistent link: https://www.econbiz.de/10013343188
This study employs macrodata for 23 African countries to examine whether good governance interacts with economic globalisation (EG) to foster inclusive green growth (IGG). First, the study finds that EG hampers IGG in Africa. Second, although unconditionally good governance promotes IGG, only...
Persistent link: https://www.econbiz.de/10013349230