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International supply chains and trade elasticity in times of global crisis
Escaith, Hubert; Lindenberg, Nannette; Miroudot, Sébastien - 2010
-term variations observed in trade elasticity. Building on the empirical results obtained from a subset of input-output matrices and … respective short-term and long-term dynamics of trade elasticity. The model is then used to formally probe the role of vertical … integration in explaining changes in trade elasticity. Aggregated results on long-term trade elasticity tend to support the …
Persistent link: https://www.econbiz.de/10010326761
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Oil price shocks, monetary policy and aggregate demand in Ghana
Jumah, Adusei; Pastuszyn, Georg - 2007
The current study examines the relationship between the world oil price and aggregate demand in a developing country, Ghana, via the interest rate channel by means of cointegration analysis. Results of the study indicate that oil price - by impacting the price level positively - negatively...
Persistent link: https://www.econbiz.de/10010294003
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Berechnung der BIP-Elastizitäten öffentlicher Ausgaben und Einnahmen zu Prognosezwecken und Diskussion ihrer Volatilität: Studie im Auftrag des Bundesministeriums der Finanzen
Büttner, Thiess; Dehne, Anita; Flaig, Gebhard; … - 2006
Gegenstand der Studie ist die Quantifizierung des gleichsam automatischen Einflusses der wirtschaftlichen Entwicklung auf einzelne Budgetkomponenten und das Budget insgesamt, um den Effekt einer hypothetischen Änderung in der Entwicklung des Outputs auf das Budget und das Defizit abzuschätzen...
Persistent link: https://www.econbiz.de/10011698385
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The Dynamic Effects of Public Capital: VAR Evidence for 22 OECD Countries
Kamps, Christophe - 2004
The issue of whether government capital is productive has received a great deal of recent attention. Yet, empirical analyses of public capital productivity have been limited to a small sample of countries for which official capital stock estimates are available. Building on a new database that...
Persistent link: https://www.econbiz.de/10010260502
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Determinants of house prices in Central and Eastern Europe
Égert, Balázs; Mihaljek, Dubravko - 2007
This paper studies the determinants of house prices in eight transition economies of central and eastern Europe (CEE) and 19 OECD countries. The main question addressed is whether the conventional fundamental determinants of house prices, such as GDP per capita, real interest rates, housing...
Persistent link: https://www.econbiz.de/10010273771
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Minimum wages, labor market institutions, and female employment and unemployment: A cross-country analysis
Addison, John T.; Ozturk, Orgul Demet - 2010
This paper estimates the effect of minimum wage regulation in 16 OECD countries, 1970-2008. Our treatment is motivated by Neumark and Wascher's (2004) seminal cross-country study using panel methods to estimate minimum wage effects among teenagers and young adults. Apart from the longer time...
Persistent link: https://www.econbiz.de/10010274565
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Taking two steps to climb onto the stage: Capital taxes as link between trade and growth
Bretschger, Lucas - 2001
and empirical studies in this field. In particular, the estimation problems of omitted variables and parameter …
Persistent link: https://www.econbiz.de/10010306049
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Growth in a Globalised Economy: The Effects of Capital Taxes and Tax Competition
Bretschger, Lucas - 2003
and empirical studies in this field. In particular, the estimation problems of omitted variables and parameter …
Persistent link: https://www.econbiz.de/10011753089
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Taxes, Mobile Capital, and Economic Dynamics in a Globalising World
Bretschger, Lucas - 2008
This contribution provides evidence for the hypothesis that trade increases growth through its curbing effect on capital taxes. The analysed trade-growth channel includes a negative impact of open- ness on corporate taxes and a negative effect of taxes on growth. The paper explores the two steps...
Persistent link: https://www.econbiz.de/10011753108
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A general model of technical change with an application to the OECD countries
Heshmati, Almas; Kumbhakar, Subal C. - 2011
In the neoclassical production functions model technical change (TC) is assumed to be exogenous and it is specified as a function of time. However, some exogenous external factors other than time can also affect the rate of TC. In this paper we model TC via a combination of time trend (purely...
Persistent link: https://www.econbiz.de/10010280731