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International risk-sharing and the transmission of productivity shocks
Corsetti, Giancarlo; Dedola, Luca; Leduc, Sylvain - 2004
A central puzzle in international finance is that real exchange rates are volatile and, in stark contradiction to effcient risk-sharing, negatively correlated with cross-country consumption ratios. This paper shows that incomplete asset markets and a low price elasticity of tradables can account...
Persistent link: https://www.econbiz.de/10009636531
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Wachstum, Beschäftigung und haushaltsbezogene Dienstleistungen (Growth, employment and household-related services)
Bogai, Dieter - In: Mitteilungen aus der Arbeitsmarkt- und Berufsforschung 29 (1996) 2, pp. 237-246
countries whereas it remained at a comparatively low level in the USA despite considerably stronger inflows into the labour … especially noticeable in comparison with the USA. It is also the result of a relatively low significance of jobs in the service …
Persistent link: https://www.econbiz.de/10010732959
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Produktivitätswachstum in den USA und Deutschland: fällt Deutschland weiter zurück?
Erber, Georg; Fritsche, Ulrich - In: DIW Wochenbericht 72 (2005) 30, pp. 455-461
nicht mehr den zuvor typischen Aufholprozess bei der Produktivitätsentwicklung gegenüber den USA fortsetzen können … Kommunikationstechnologien -, der hier in den zurückliegenden Jahrzehnten die Entwicklung im Vergleich zu den USA prägte, ins Stocken geraten … Unterschiede in der Produktivitätsmessung zwischen den USA und Deutschland erwartet wurde. Mittelfristig ist aber damit zu rechnen …
Persistent link: https://www.econbiz.de/10011601603
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Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence from the United States
Keller, Wolfgang; Yeaple, Stephen R. - 2004
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity gains for domestic firms. The size of FDI...
Persistent link: https://www.econbiz.de/10010260533
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Business cycle dynamics of a new Keynesian overlapping generations model with progressive income taxation
Heer, Burkhard; Maußner, Alfred - 2006
In our dynamic optimizing sticky price model, agents are heterogeneous with regard to their age and their productivity. We find that the business cycle dynamics in the OLG model in response to both a technology shock and a monetary shock are similar, but not completely identical to those found...
Persistent link: https://www.econbiz.de/10010261430
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Stock prices and economic fluctuations: a Markov switching structural vector autoregressive analysis
Lanne, Markku; Luetkepohl, Helmut - 2008
The role of expectations for economic fluctuations has received considerable attention in recent business cycle analysis. We exploit Markov regime switching models to identify shocks in cointegrated structural vector autoregressions and investigate different identification schemes for bi-variate...
Persistent link: https://www.econbiz.de/10010264444
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Nested stochastic possibility frontiers with heterogeneous capital inputs
Erber, Georg; Madlener, Reinhard - 2007
This paper studies the productivity impact of heterogeneous capital inputs of selected EU-15 member countries and of the U.S. at the macroeconomic level. The stochastic possibility frontiers approach of Battese and Coelli (1992) applied here is used to identify neutralities or non-neutralities...
Persistent link: https://www.econbiz.de/10010264965
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New evidence, old puzzles: technology shocks and labor market dynamics
Balleer, Almut - 2009
Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding rate and the unemployment rate? In the model, fluctuations are prominently driven by productivity shocks which are commonly interpreted as technology shocks. I estimate different...
Persistent link: https://www.econbiz.de/10010265223
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Explaining shifts in the unemployment rate with productivity slowdowns and accelerations: a co-breaking approach
Schreiber, Sven - 2009
We investigate the controversial issue whether unemployment is related to productivity growth in the long run, using U.S. data in a framework of infrequent mean shifts. Tests find (endogenously dated) shifts around 1974, 1986, and 1996, system techniques indicate that the shifts are common...
Persistent link: https://www.econbiz.de/10010265226
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Spatial effects of foreign direct investment in US states
Bode, Eckhardt; Nunnenkamp, Peter; Waldkirch, Andreas - 2009
This paper estimates the aggregate productivity effects of Marshallian externalities generated by foreign direct investments (FDI) in the US. In contrast to earlier work, this paper puts special emphasis on controlling for Marshallian externalities and other intra- and inter-regional spillovers...
Persistent link: https://www.econbiz.de/10010265244