modeling and forecasting inflation in developing countries - cerge-ei
... cotton, oil, and natural gas – and minerals, although the specific resource endowment varied from country to country. The dissolution of the Soviet Union in 1991 led to a deep socio-economic crisis in all five countries that faced three major economic shocks: transition from central planning, disrup ...
... cotton, oil, and natural gas – and minerals, although the specific resource endowment varied from country to country. The dissolution of the Soviet Union in 1991 led to a deep socio-economic crisis in all five countries that faced three major economic shocks: transition from central planning, disrup ...
Paradigms of exports and imports
... of the competitiveness of domestic production vis-à-vis competition with producers from abroad. A large part of such change is reflected in exchange rate pressures. The opening up of the post-communist economies and the process of their integration into the European Union (EU) had a big positive imp ...
... of the competitiveness of domestic production vis-à-vis competition with producers from abroad. A large part of such change is reflected in exchange rate pressures. The opening up of the post-communist economies and the process of their integration into the European Union (EU) had a big positive imp ...
The Corporatist Political Economies
... system (Table 2). Thus, while it is clear that the Swiss industrial relations system delivers effective wage restraint (Fluder and Hotz-Hart 1998) and very low levels of industrial conflict (Table 1), workers are not compensated for their wage restraint with increases in the social wage as they are ...
... system (Table 2). Thus, while it is clear that the Swiss industrial relations system delivers effective wage restraint (Fluder and Hotz-Hart 1998) and very low levels of industrial conflict (Table 1), workers are not compensated for their wage restraint with increases in the social wage as they are ...
Volume 30, Issue 2
... Since the fall of the Soviet Union, the large and persistent external imbalances experienced by Eastern economies have raised some concern in the applied literature (Roubini and Wachtel 1999). The external indebtedness of these countries could be seen as an intertemporal phenomenon: it is widely hel ...
... Since the fall of the Soviet Union, the large and persistent external imbalances experienced by Eastern economies have raised some concern in the applied literature (Roubini and Wachtel 1999). The external indebtedness of these countries could be seen as an intertemporal phenomenon: it is widely hel ...
history of czech economic and political alignments viewed
... folklore, the economic and cultural links with the whole world and "hard daily work" became dominant. However, the land reform in order to restitute Czechs for expropriations in 1620 (!) and to punish conservative landowners (i.e. mainly German and Hungarian aristocracy and the Catholic church), was ...
... folklore, the economic and cultural links with the whole world and "hard daily work" became dominant. However, the land reform in order to restitute Czechs for expropriations in 1620 (!) and to punish conservative landowners (i.e. mainly German and Hungarian aristocracy and the Catholic church), was ...
NBER WORKING PAPER SERIES WHY ARE THERE RICH AND POOR COUNTRIES?: SYMMETRY-BREAKING
... the rich. This approach cannot tell us anything about the degree of inequality in the world economy. A more satisfactory approach would be to build a world economy model and show why it has to be separated into the rich and the poor regions, i.e., to demonstrate the co-existence of the rich and poor ...
... the rich. This approach cannot tell us anything about the degree of inequality in the world economy. A more satisfactory approach would be to build a world economy model and show why it has to be separated into the rich and the poor regions, i.e., to demonstrate the co-existence of the rich and poor ...
The Macroeconomic Situation in the Czech Republic - Cerge-Ei
... experienced a considerable decline in GDP and its major components, as well as an increase in inflation and unemployment.1 Similar changes occurred in other transition countries. However, the unfavourable economic developments in the post-communist countries in the first state of transition were not ...
... experienced a considerable decline in GDP and its major components, as well as an increase in inflation and unemployment.1 Similar changes occurred in other transition countries. However, the unfavourable economic developments in the post-communist countries in the first state of transition were not ...
Microsoft Word - UWE Research Repository
... Neoclassical growth theory suggests an inverse relationship between the capital-labour ratio and the productivity of capital. The Solow-Swan model of economic growth suggests that income per capita will converge due to differences in the rates of return on capital and capital will move from economie ...
... Neoclassical growth theory suggests an inverse relationship between the capital-labour ratio and the productivity of capital. The Solow-Swan model of economic growth suggests that income per capita will converge due to differences in the rates of return on capital and capital will move from economie ...
File - Edu @ Thinus
... A. Prices allocate resources equally among competing industries and sectors in the economy. B. Prices indicate relative scarcities and costs of production. C. Relative price changes are a determinant of firms’ profits and therefore encourage or discourage production. D. Prices are measures of consum ...
... A. Prices allocate resources equally among competing industries and sectors in the economy. B. Prices indicate relative scarcities and costs of production. C. Relative price changes are a determinant of firms’ profits and therefore encourage or discourage production. D. Prices are measures of consum ...
How Brazil Effects the Economic Policy of Mercosur
... underdog economies to one of the world’s largest unified market. Large entities such as the United States of America and the European Union must conduct business with the Mercosur as a bloc. Mercosur can demand this power because it built on the premise that its members will not to sidestep the hier ...
... underdog economies to one of the world’s largest unified market. Large entities such as the United States of America and the European Union must conduct business with the Mercosur as a bloc. Mercosur can demand this power because it built on the premise that its members will not to sidestep the hier ...
Why the Rich May Favor Poor Protection of Property Rights
... to higher income inequality. Trend lines are fitted based on regressions for a broad sample of countries, where Gini coefficients are available for 2002–06, taking the latest observation available. Commodity exporters are defined as countries where mining and fuel exports accounted for more than hal ...
... to higher income inequality. Trend lines are fitted based on regressions for a broad sample of countries, where Gini coefficients are available for 2002–06, taking the latest observation available. Commodity exporters are defined as countries where mining and fuel exports accounted for more than hal ...
Institutional Persistence or Reform
... by the European Bank for Development and Reconstruction (EBRD). To measure economic reforms, Ri,t , we rely on an average of nine reform indices provided by the EBRD. These indices broadly cover first generation and second generation reforms. The first group comprises price liberalization, trade and ...
... by the European Bank for Development and Reconstruction (EBRD). To measure economic reforms, Ri,t , we rely on an average of nine reform indices provided by the EBRD. These indices broadly cover first generation and second generation reforms. The first group comprises price liberalization, trade and ...
2001 recession in market economies, healthy growth in
... attacks would be more limited than originally feared and as expectations about short-term economic prospects became more positive. The fall in share prices led to considerable falls in household financial wealth and this is likely to have contributed to the slowing growth of household expenditures i ...
... attacks would be more limited than originally feared and as expectations about short-term economic prospects became more positive. The fall in share prices led to considerable falls in household financial wealth and this is likely to have contributed to the slowing growth of household expenditures i ...
World Economic Situation and Prospects 2013: Update as of mid-2013
... Despite improved global financial conditions and reduced short-term risks, the world economy continues to expand at a subdued pace. After a marked downturn over the past two years, global economic activity is expected to slowly gain momentum in the second half of 2013. Most world regions are likely ...
... Despite improved global financial conditions and reduced short-term risks, the world economy continues to expand at a subdued pace. After a marked downturn over the past two years, global economic activity is expected to slowly gain momentum in the second half of 2013. Most world regions are likely ...
REGIONAL CONVERGENCE IN ASEAN
... properties and exogenous technical progress. Neoclassical growth theory predicts that per capita growth rates should be negatively correlated with initial levels of per ...
... properties and exogenous technical progress. Neoclassical growth theory predicts that per capita growth rates should be negatively correlated with initial levels of per ...
Globalization Dynamics in Latin America: South Cone and Iberian
... Latin American economies integration history process stated with the expansion of the capitalist European economies in the XVI century onwards. Trade relations made possible the creation of production mechanisms and the reproduction of political and social forms of capitalist economic organization. ...
... Latin American economies integration history process stated with the expansion of the capitalist European economies in the XVI century onwards. Trade relations made possible the creation of production mechanisms and the reproduction of political and social forms of capitalist economic organization. ...
Regional Development Prospects In South
... and in a respectable time ahead fully incorporated into world wide development processes of globalization. In that respect, the main goals the country needs to achieve are, first of all, peace, stability, prosperity and sustainable development as the unavoidable conditions of transition process to b ...
... and in a respectable time ahead fully incorporated into world wide development processes of globalization. In that respect, the main goals the country needs to achieve are, first of all, peace, stability, prosperity and sustainable development as the unavoidable conditions of transition process to b ...
Grzegorz W. Kolodko Globalization and Catching
... the Pearson Panel is a rare exception rather than a rule. The United Nations established, therefore, a new expert group, this time headed by the former President Ernesto Zedillo of Mexico, whose task is to advise on policies aiming to foster economic catching-up and, in particular, to implement the ...
... the Pearson Panel is a rare exception rather than a rule. The United Nations established, therefore, a new expert group, this time headed by the former President Ernesto Zedillo of Mexico, whose task is to advise on policies aiming to foster economic catching-up and, in particular, to implement the ...
NBER WORKING PAPER SERIES WHY TRADE CAN HURT
... causing far too little of the distorted good to be produced (as compared to the efficient level). Trade involves importing the distorted good and with a Constant Elasticity of Substitution formulation, greater substitutability results in gains from trade. The more substitutable the goods are in consum ...
... causing far too little of the distorted good to be produced (as compared to the efficient level). Trade involves importing the distorted good and with a Constant Elasticity of Substitution formulation, greater substitutability results in gains from trade. The more substitutable the goods are in consum ...
Macroeconomics I, UPF Professor Antonio Ciccone SOLUTIONS
... and thus identify the relative importance of each source. (i) First, we could take the average values for the whole period 1945-1990 (as seen in class, Europe stops converging, to a certain extent, around 1990). This will give a …rst indication of whether the nature of this growth was more "transiti ...
... and thus identify the relative importance of each source. (i) First, we could take the average values for the whole period 1945-1990 (as seen in class, Europe stops converging, to a certain extent, around 1990). This will give a …rst indication of whether the nature of this growth was more "transiti ...
Statistical Appendix
... (BPM6), the Monetary and Financial Statistics Manual (MFSM 2000), and the Government Finance Statistics Manual 2001 (GFSM 2001)—have been or are being aligned with the 2008 SNA.1 These standards reflect the IMF’s special interest in countries’ external positions, financial sector stability, and publ ...
... (BPM6), the Monetary and Financial Statistics Manual (MFSM 2000), and the Government Finance Statistics Manual 2001 (GFSM 2001)—have been or are being aligned with the 2008 SNA.1 These standards reflect the IMF’s special interest in countries’ external positions, financial sector stability, and publ ...
Building Value: The Role of Trademarks for Economic
... Measuring investment in brands and intangibles is challenging. Due to their nature, intangibles are difficult to capitalise, especially compared to tangible assets. The latter are usually reported in the national account, which is why observations about tangible assets are easy to identify. The same ...
... Measuring investment in brands and intangibles is challenging. Due to their nature, intangibles are difficult to capitalise, especially compared to tangible assets. The latter are usually reported in the national account, which is why observations about tangible assets are easy to identify. The same ...
the baltic sea region the baltic sea region
... cultural, political and economic challenges of our time are related to global problems of distribution and global problems of environment and resources. Thus, competition for resources and markets is likely to intensify in the global economic environment, in which the eastern countries in the Balti ...
... cultural, political and economic challenges of our time are related to global problems of distribution and global problems of environment and resources. Thus, competition for resources and markets is likely to intensify in the global economic environment, in which the eastern countries in the Balti ...
The new North-South Divide in Europe – can the European
... imbalances prior to the crisis within the EU and with the countries in Southeast Europe closely connected with the EU. The causes of this build-up will be discussed as will the inadequacy of the institutional and policy framework of the EU and the eurozone in particular. In the course of policy resp ...
... imbalances prior to the crisis within the EU and with the countries in Southeast Europe closely connected with the EU. The causes of this build-up will be discussed as will the inadequacy of the institutional and policy framework of the EU and the eurozone in particular. In the course of policy resp ...