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Testing the great decoupling: a long memory approach
Springer Science and Business Media LLC - Tập 45 - Trang 801-820 - 2017
Luis A. Gil-Alana, Marinko Skare
The disconnection between productivity and workers’ compensation after 1980 is a fact not only for the U.S., Canada, Japan but also for Europe. The level of the decoupling between labor productivity and real hourly compensation is highest in the U.S. and Japan and lowest in Norway and Germany. This study investigates the great decoupling phenomena between 1950 and 2014 for eight economies with av...... hiện toàn bộ
The predictive ability of a risk-adjusted yield spread for economic activity in Europe
Springer Science and Business Media LLC - Tập 44 - Trang 1-27 - 2015
Alfred Guender, Bernard Tolan
This paper examines whether the pricing of risk is important for macroeconomic activity at the country level. We design a risk-adjusted yield spread and test its predictive content for economic activity on the periphery and the centre of Europe over the 1990–2012 period. This risk-adjusted bond yield spread is defined in a cross-country context and referred to as the GZ-type spread. Increases in t...... hiện toàn bộ
EMU in Operation: The Economic Policy Challenges Ahead
Springer Science and Business Media LLC - Tập 26 - Trang 297-298 - 1999
Robert Holzmann, Reinhard Neck
Some doubts on the current paradigma of intra-industry trade
Springer Science and Business Media LLC - Tập 15 - Trang 27-50 - 1988
Karl Aiginger, Fritz Breuss
Is more competition conducive to the macroeconomic performance in the euro area?
Springer Science and Business Media LLC - Tập 38 - Trang 351-380 - 2011
Klaus Weyerstrass, Johannes Jaenicke
One of the main goals of the European Union, laid down, inter alia, in the Lisbon Strategy and in the “Europe 2020” Strategy, is to raise employment. One important means of supporting the creation of new jobs is to increase competition. In this paper, it is shown that on average the mark-up, i.e. the deviation of prices from marginal cost in the euro area still exceeds the levels observed in the U...... hiện toàn bộ
Ngành du lịch có gây ra tăng trưởng một cách không đồng đều trong nhóm các nước G-7 hay không? Một ghi chú ngắn Dịch bởi AI
Springer Science and Business Media LLC - Tập 45 - Trang 49-57 - 2016
Abdulnasser Hatemi-J, Rangan Gupta, Axel Kasongo, Thabo Mboweni, Ndivhuho Netshitenzhe
Chúng tôi phân tích liệu du lịch (được đo lường bằng doanh thu du lịch thực tế) có gây ra sự tăng trưởng theo cách không đối xứng trong một nhóm các nước G-7 trong giai đoạn 1995–2014 hay không. Kết quả của chúng tôi cho thấy giả thuyết tăng trưởng do du lịch dẫn dắt tồn tại cho Pháp, Đức và Hoa Kỳ, trong đó cú sốc du lịch tiêu cực có vai trò quan trọng hơn đối với Đức, Ý, Nhật Bản, trong khi cú s...... hiện toàn bộ
#du lịch #tăng trưởng kinh tế #G-7 #doanh thu du lịch thực tế #cú sốc du lịch
The climate challenge for the energy system
Springer Science and Business Media LLC - Tập 39 - Trang 157-163 - 2012
Angela Köppl, Karl W. Steininger
The P* model and Austrian prices
Springer Science and Business Media LLC - Tập 19 - Trang 3-17 - 1992
John A. Tatom
In theP * model the price level is determined by the money stock per unit of potential out-put and the long-run equilibrium level of the velocity of money. This article applies this model to Austria. Problems in identifying permanent shocks to potential output and/or velocity lead to the rejection of such models of the price level, but their first-difference version is not so suspect. While eviden...... hiện toàn bộ
Some new insights on economic convergence and growth in Central, Eastern, and Southeastern Europe
Springer Science and Business Media LLC - Tập 47 - Trang 863-884 - 2019
Dimitar Eftimoski
The existing empirical literature on economic convergence and growth emphasizes the importance of foreign capital inflows for the Central, Eastern, and Southeastern European (CESEE) countries. This paper challenges such arguments by stating that not all forms of foreign capital inflows are beneficial for the economic growth of CESEE countries. Our results suggest that remittances (as an alternativ...... hiện toàn bộ
Does a cap on the carbon price have to be a cap on green investments?
Springer Science and Business Media LLC - Tập 39 - Trang 217-231 - 2012
Alexander Brauneis, Roland Mestel, Stefan Palan
Policy makers and economists are discussing a regulatory ceiling for carbon prices, acting as a “safety valve” for the protection of regulated businesses from unexpected price surges. While the pros and cons of such a regulatory feature are widely discussed in the literature, the optimal design of such a cap and the attendant economic and environmental consequences have yet to be subjected to quan...... hiện toàn bộ
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