Showing 1 - 10 of 526
The present contribution tests whether countries can be pooled when studying the financegrowth nexus. Overall, our results point toward a ‘pragmatic’ positive answer, though considerable heterogeneity is present among developing countries.
Persistent link: https://www.econbiz.de/10003380206
We consider two channels via which foreign inputs into industrial production may lead to productivity effects. The first one concerns dynamic externalities between firms which share technical and organizational knowledge which is vital for the productivity growth of a particular industry. We...
Persistent link: https://www.econbiz.de/10011472478
This paper investigates the role of regional financial development, in addition to FDI, for regional innovation in … regional innovation (patenting) performance. This positive effect is found to be higher for minor innovations such as external … would otherwise impede regional innovation performance. -- Regional financial system ; FDI ; innovation ; patent ; regional …
Persistent link: https://www.econbiz.de/10008821680
The currency crises of the 1990s all exhibit a divergence of the nominal and the real exchange rate together with an increase in the negative current account. The nominal rate does not reflect inflation differences fully and the ensuing real appreciation leads to a negative current account. This...
Persistent link: https://www.econbiz.de/10011490629
Persistent link: https://www.econbiz.de/10001936999
Der Beitrag analysiert die Argentinien-Krise, vergleicht die makroökonomische Entwicklung von Argentinien, Brasilien …
Persistent link: https://www.econbiz.de/10011491158
The EU's macroeconomic surveillance mechanism, namely the Macroeconomic Imbalance Procedure (MIP), is based on the so-called Scoreboard, which comprises a set of indicators that serve as a signalling device for potentially harmful macroeconomic developments. We first evaluate the early warning...
Persistent link: https://www.econbiz.de/10011404749
This paper uses a Markov regime-switching model to assess the vulnerability of a series of Central and Eastern European countries (i.e. Czech Republic, Hungary, Slovak Republic) and two CIS countries (i.e., Russia and Ukraine) during the period 19932004. For the new EU member states in Central...
Persistent link: https://www.econbiz.de/10003277175
Financial crises can have a severe impact on the real side of the economy with countries losing up to 20 percent of GDP. The paper studies rules that prevent financial instability and currency crises. These include institutional arrangements for a solid banking system, prudent regulations and...
Persistent link: https://www.econbiz.de/10003628654
This paper studies the relationship between Asia’s economic engagements in Africa and individual African nations …’ participation in global value chains (GVC) over the past two decades. We find that while overall exports from Africa to Asia are … to diversify export portfolios through exporting to Asia. Each African nation has a distinct main trade partner in Asia …
Persistent link: https://www.econbiz.de/10012233620