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What drives housing prices down? Evidence from an international panel

Kholodilin, Konstantin Arkadievich; Menz, Jan-Oliver; … - 2007

In this study, we suggest an explanation for the alarmingly low growth rates of real housing prices in Canada and Germany in comparison to other OECD countries over 1975-2005. We show that the long-run development of housing markets is determined by real disposable per capita income, real...

Persistent link: https://www.econbiz.de/10010324252

Immobilienkrise?: Warum in Deutschland die Preise seit Jahren stagnieren

Kholodilin, Konstantin A.; Menz, Jan-Oliver; … - In: DIW Wochenbericht 75 (2008) 17, pp. 214-220

Die derzeitigen Turbulenzen auf den Immobilienmärkten in Ländern wie den USA und Spanien verstellen den Blick auf die längerfristige Entwicklung der realen Immobilienpreise. Während sie in den vergangenen Jahren in vielen westlichen Industrieländern deutlich anzogen, stagnieren sie...

Persistent link: https://www.econbiz.de/10011601808

The causal relationship between ICT and FDI

Gholami, Roghieh; Lee, Sang-Yong Tom; Heshmati, Almas - 2005

This paper investigates the simultaneous causal relationship between investments in information and communication technology (ICT) and flows of foreign direct investment (FDI), with reference to its implications on economic growth. For the empirical analysis we use data from 23 major countries...

Persistent link: https://www.econbiz.de/10010284809

Sovereign credit ratings

Eliasson, Ann-Charlotte - 2002

This paper describes sovereign credit ratings in emerging markets both for a specific year and over time, using quantitative explanatory variables. It turns out that rating adjustments have been worse than what economic fundamentals justify for some countries and also more frequently altered,...

Persistent link: https://www.econbiz.de/10010301748

Exploring the drivers of tracking error constrained portfolio performance

Gunning, Wade; Van Vuuren, Gary - In: Cogent Economics & Finance 7 (2019) 1, pp. 1-15

Maximising returns is often the primary goal of asset management but managing and mitigating portfolio risk also plays a significant role. Successful active investing requires outperformance of a benchmark through skillful stock selection and market timing, but these bets necessarily give rise...

Persistent link: https://www.econbiz.de/10014001592

The stability of traditional measures of index tracking quality

Roßbach, Peter; Karlow, Denis - 2011

Today, the investment into indices has become a widely used strategy in portfolio management. While Index Funds and ETFs try to represent the performance of a single index, other portfolio strategies use indices as portfolio components to concentrate on the allocation task. Because an index...

Persistent link: https://www.econbiz.de/10010304661

Measuring productivity dispersion in selected Australian industries

Campbell, Simon; Nguyen, Thai; Sibelle, Alexander; … - 2019

industries (i.e. productivity dispersion) we can enhance our understanding of the rich productivity dynamics of the economy and … Statistics - uses firm-level data from the Business Longitudinal Analysis Data Environment (BLADE) to measure the dispersion in …, Scientific and Technical Services; and Administrative and Support Services). The study finds labour productivity dispersion to be …

Persistent link: https://www.econbiz.de/10012144190

Productivity-enhancing labour reallocation in Australia

Andrews, Dan; Hansell, David - 2019

International evidence suggests that aggregate productivity growth is driven by the within-industry reallocation of inputs away from less productive firms and towards more productive firms, but little is known about this process in Australia. Accordingly, this paper exploits firm-level data to...

Persistent link: https://www.econbiz.de/10012144194

Reaching for the stars: Australian firms and the global productivity frontier

Andrews, Dan; Hambur, Jonathan; Hansell, David; … - 2022

A feature of the recent global slowdown in productivity growth is that progress at the technological frontier has remained strong, while the gap between firms at the global frontier and other 'laggards' within an industry has grown. This growing gap reflects the fact that laggard firms now seem...

Persistent link: https://www.econbiz.de/10014442898

Asymmetric monetary policy effects in Germany

Tober, Silke; Kuzin, Vladimir N. - 2004

In a small structural model we find asymmetries in the effects of monetary policy in Germany depending on whether the economy is in an upswing or a downswing. These two different regimes are also identified using a Markov-switching model and the Kalman filter. Our results indicate that the...

Persistent link: https://www.econbiz.de/10010274488