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Back on track? Savings puzzles in EU-accession countries

Schrooten, Mechthild; Stephan, Sabine - 2002

remained stable during recent years. This may indicate that the transformation process has come to an end with regard to … savings. Is saving behaviour in EU-accession countries now driven by the same forces as it is in market economies? We use a …

Persistent link: https://www.econbiz.de/10010324197

Savings in Central Eastern Europe

Schrooten, Mechthild; Stephan, Sabine - 2001

The paper seeks to add to the existing literature on aggregate and private savings by focusing on transition economies …, aggregate and private savings are driven by almost the same forces – this is the central focus of the paper. The most important …

Persistent link: https://www.econbiz.de/10010260767

The measurement error problem in dynamic panel data analysis: Modeling and GMM estimation

Biørn, Erik - 2012

The Generalized Method of Moments (GMM) is discussed for handling the joint occurrence of fixed effects and random measurement errors in an autoregressive panel data model. Finite memory of disturbances, latent regressors and measurement errors is assumed. Two specializations of GMM are...

Persistent link: https://www.econbiz.de/10010330243

How well do individuals predict the selling prices of their homes?

Benítez-Silva, Hugo; Eren, Selcuk; Heiland, Frank; … - 2009

Self-reported home values are widely used as a measure of housing wealth by researchers; the accuracy of this measure, however, is an open empirical question, and requires some type of market assessment of the values reported. In this study, the authors examine the predictive power of...

Persistent link: https://www.econbiz.de/10010281729

Terms of trade shocks and the current account in small island states

Santos-Paulino, Amelia U. - 2007

This paper investigates the dynamic relationship between terms of trade shocks and the current account in selected small islands developing states. The findings show that the terms of trade explain a significant proportion of the variation in the current account balances. Also, the current...

Persistent link: https://www.econbiz.de/10010284624

Are EU Candidate Countries Ready for the Single Market? Comparing Performance with an EU Benchmark

De Loecker, Jan - 2002

The process of the East-West integration has come to a point that enlargement appears inevitable. But are these countries really ready to join the EU in tfirms of competitive perfirmance? Firstly, we construct a virtual best practice production frontier for firms active in a European Union...

Persistent link: https://www.econbiz.de/10010313326

Does Financial Development Enhance Foreign Trade in Selected Transitional Economies?

Tsaurai, Kunofiwa; Hlupo, Patience - In: Comparative Economic Research. Central and Eastern Europe 23 (2020) 4, pp. 69-86

The study investigates the influence of financial development on foreign trade in transi- tional economies using panel data (1994-2014). Although empirical studies on the im- pact of financial development on foreign trade are available, none of them that the au- thors are aware of attempted to...

Persistent link: https://www.econbiz.de/10013204648

OECD countries’ twin long-run challenge: The impact of aging dynamics and increasing natural disasters on savings ratios

Xiong, Tian; Celebi, Kaan; Welfens, Paul J. J. - In: International Economics and Economic Policy 19 (2022) 4, pp. 741-759

There has been a long-standing debate over the development of savings rates in developed economies, and an emphasis has … been placed on aging societies and a global savings glut. Meanwhile, with rising global temperatures and more frequent … which the savings rate is affected by aging populations and environmental degradation will be addressed in a broad macro …

Persistent link: https://www.econbiz.de/10015209789

Income and democracy: Evidence from system GMM estimates

Heid, Benedikt; Langer, Julian; Larch, Mario - 2011

Does higher income cause democracy? Accounting for the dynamic nature and highpersistence of income and democracy, we find a statistically significant positive relationbetween income and democracy for a postwar period sample of up to 150 countries. Ourresults are robust across different model...

Persistent link: https://www.econbiz.de/10010312127

Changing patterns of risk-sharing channels in the United States and the euro area

Cimadomo, Jacopo; Giuliodori, Massimo; Lengyel, Andras; … - 2023

In this paper, we assess how risk-sharing channels have evolved over time in the United States and the Euro Area, and whether they have operated as "complements" or "substitutes". In particular, we focus on the capital channel (income from cross-border ownership of productive assets), the credit...

Persistent link: https://www.econbiz.de/10014543684