Showing 1 - 10 of 107
This paper attempts to make an innovative contribution to the growth literature by proposing a trade-induced catch up … capita capital and per capita trade, which can account for China's economic growth miracle during the last two decades … differences of growth growth across the provinces. …
Persistent link: https://www.econbiz.de/10005649247
economic growth in general and in the modern, industrial sector in particular. Especially the monetization encouraged growth … and equity capital, was on the other hand also a result of GDP growth. …
Persistent link: https://www.econbiz.de/10005423826
This paper examines productivity growth in the Indonesian manufacturing sector. We use a longitudinal data set to … calculate the effects on aggregate manufacturing productivity growth from improvements within establishments, from reallocation … of market shares, and from the turnover of plants. The difference between domestic and foreign owned plants is examined …
Persistent link: https://www.econbiz.de/10005651504
Payments in kind pose an enduring and empirically important puzzle. The paper provides a formalization of the popular view that payment in kind are due to financial constraints. The key assumption is that buyers' liquidity is private information. Buyers who are financially constrained may prove...
Persistent link: https://www.econbiz.de/10005423787
Due to underlying technological differences, industries differ in their need for external finance. Since the services provided by the financial sector are largely immobile across countries, the pattern of specialization should be influenced by the degree of financial development. We find that...
Persistent link: https://www.econbiz.de/10005190862
, efficiency and productivity growth in manufacturing and services. The objective is to provide a thorough and up-to-date survey …. First, the readers are introduced to the measurement of partial and total factor productivity growth. Different parametric … relationship between outsourcing and productivity growth in manufacturing and services is discussed. The correspondence between a …
Persistent link: https://www.econbiz.de/10005649271
In this paper we discuss the pricing of commercial real estate index linked swaps (CREILS). This particular pricing problem has been studied by Buttimer et al. (1997) in a previous paper. <p> We show that their results are only approximately correct and that the true theoretical price of the swap...</p>
Persistent link: https://www.econbiz.de/10005649388
It has long been argued that trade restrictions can be motivated by insurance considerations in the absence of full risk diversification. Recent literature suggests that markets for risk can alleviate resistance to reform and protectionist lobby group pressure. We empirically address the...
Persistent link: https://www.econbiz.de/10005649457
This paper contains a survey of univariate models of conditional heteroskedasticity. The classical ARCH model is mentioned, and various extensions of the standard GARCH model are highlighted. This includes the Exponential GARCH model. Stochastic volatility models remain outside this review.
Persistent link: https://www.econbiz.de/10004961390
In this paper we test for existence of cointegration between health expenditure and GDP using data from 19 OECD countries for the period 1960-1995. Country-by-country and panel results based on the Johansen multivariate likelihood-based inference and a new panel test for cointegration rank are...
Persistent link: https://www.econbiz.de/10005771158