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Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975
other transition countries of Europe, are the economic convergence factors. …
Persistent link: https://www.econbiz.de/10005014897
procedure. Another important result of the paper is that the main drivers of the CA deficits in NMS are the economic convergence …
Persistent link: https://www.econbiz.de/10008574622
procedure. Another important result of the paper is that the main drivers of the CA deficits in NMS are the economic convergence …
Persistent link: https://www.econbiz.de/10008472250
Persistent link: https://www.econbiz.de/10005243440
Using a small country model with habit-forming consumers and costly investment, we analyze equilibrium dynamics of the economy and derive empirical and welfare implications. The model can mimic some stylized facts: (i) a temporary increase in fiscal spending always deteriorates the current...
Persistent link: https://www.econbiz.de/10005670040
Using a small country model with habit-forming consumers and costly investment, we analyze equilibrium dynamics of the economy and derive empirical and welfare implications. The model can mimic some stylized facts: (i) a temporary increase in fiscal spending always deteriorates the current...
Persistent link: https://www.econbiz.de/10008602944
In this paper we present a two-country dynamic general equilibrium model of ex ante unequally developed countries. The model explains a key feature recently observed in transition economies – the long-run trend real exchange rate appreciation – through investments into quality. Our...
Persistent link: https://www.econbiz.de/10011604786
This paper assesses empirically whether or not current account reversals have permanent growth effects and the role of macroeconomic policies in this process. The methodology developed in de Mello, Padoan and Rousova (2010) to identify a chronology of current account reversals is applied to the...
Persistent link: https://www.econbiz.de/10009131544
This article investigates the effects of macroeconomic policy (monetary and fiscal) on output growth during financial crises characterized by a sudden stopʺ in net capital inflows in developing and emerging market economies. We investigate 83 sudden stop crises in 77 countries over 1982-2003...
Persistent link: https://www.econbiz.de/10003855118