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Referierte Aufsätze Web of Science
This paper examines the cyclical interactions between the remittances of Turkish workers in Germany and output in both Turkey and Germany. Our analysis introduces a new data set covering 1962 to 2004, never used before in the research literature and considered to be a more reliable source than the data sets used in other studies. By dividing the original sample into recruitment, family reunification, ...
In:
Emerging Markets, Finance & Trade
44 (2008), 5, S. 23-40
| Sule Akkoyunlu, Konstantin A. Kholodilin
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Referierte Aufsätze Web of Science
This paper investigates the effects of EU enlargement on price convergence. The internal market is expected to boost integration and increase efficiency and welfare through a convergence of prices in product markets. Two principal drivers are crucial to explain price developments. On one hand, higher competition exerts downward pressure on prices because of lower markups. On the other hand, the catching-up ...
In:
Eastern European Economics
46 (2008), 5, S. 57-68
| Christian Dreger, Konstantin Kholodilin, Kirsten Lommatzsch, Jiri Slacalek, Przemyslaw Wozniak
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Referierte Aufsätze Web of Science
In this paper, the framework of the aggregated Beveridge curve is used to investigate the effectiveness of the job-matching process using German regional labour market data. For a fixed matching technology, the Beveridge curve postulates a negative relationship between the unemployment rate and the rate of vacancies, which is efficiently estimated using spatial econometric techniques. The eigenfunction ...
In:
The Annals of Regional Science
42 (2008), 4, S. 967-986
| Reinhold Kosfeld, Christian Dreger, Hans-Friedrich Eckey
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Referierte Aufsätze Web of Science
Foreign exchange rate expectations play a central role in virtually all monetary models for the open economy. Therefore, it is extremely important to gain empirical insights into the expectations formation process. In this paper, we use a unique disaggregated data set to model the expectations of file Yen/USD exchange rate of about 50 leading foreign exchange rate professionals. The survey includes ...
In:
International Journal of Finance and Economics
13 (2008), 4, S. 360-367
| Christian Dreger, Georg Stadtmann
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Referierte Aufsätze Web of Science
In the development literature, there exists no systematic study of external borrowing in post-conflict countries. We address this gap by analyzing statistical and case study evidence from three African countries. We find that many war-affected countries face rising debt arrears and deteriorating relations with creditors. Rebuilding trust between lenders and borrowers is hence a crucial but often slow ...
In:
World Development
36 (2008), 3, S. 485-504
| Patricia Alvarez-Plata, Tilman Brück
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Referierte Aufsätze Web of Science
We investigate the relevance of Carroll's sticky information model of inflation expectations for four major European economies (France, Germany, Italy and the United Kingdom). In contrast to the most rational expectation models, households in the sticky information environment update their expectations occasionally rather than instantaneously due to the costs of acquiring and processing information. ...
In:
The B.E. Journal of Macroeconomics
8 (2008), 1, Article 12
| Jörg Döpke, Jonas Dovern, Ulrich Fritsche, Jiri Slacalek
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Referierte Aufsätze Web of Science
This study compares two alternative approaches - the traditional ordinary least square (OLS) and the Poisson Quasi Maximum Likelihood (PQML) procedures - to estimation of the home market effects for the heterogeneous, the reference priced and the homogeneous goods in the gravity model derived in Feenstra et al. (2001). Despite our findings that the PQML estimation results oftentimes (significantly) ...
In:
Applied Economics Letters
14 (2007), 14, S. 1065-1073
| Boriss Siliverstovs, Dieter Schumacher
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Referierte Aufsätze Web of Science
This study examines the export-led growth hypothesis using annual time series data from Chile in a production function framework. It addresses the problem of specification bias under which previous studies have suffered, and focuses on the impact of manufactured and mining exports on productivity growth. In order to investigate if and how manufactured and mining exports affect economic growth via increases ...
In:
Applied Economics
39 (2007), 2, S. 153-167
| Boriss Siliverstovs, Dierk Herzer
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Referierte Aufsätze Web of Science
Within a wide range of other economic and financial indicators, money is highly relevant to the two-pillar monetary strategy of the European Central Bank for detecting risks to price stability over the medium term. Money demand models are a natural benchmark for assessing monetary developments. The existence of a well-specified and stable relation between money and prices can be perceived as a prerequisite ...
In:
Eastern European Economics
45 (2007), 2, S. 75-94
| Christian Dreger, Hans-Eggert Reimers, Barbara Roffia
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Referierte Aufsätze Web of Science
Evidence during the nineties about the response of real wages to shocks highlights that this response is substantially lower in European countries than in the United States and that there are important differences among European countries. Which are the reasons that explain these different reactions? In this paper, we apply meta-analytical techniques in order to provide a quantitative summary of the ...
In:
Kyklos
60 (2007), 2, S. 145-163
| Miquel Clar, Christian Dreger, Raul Ramos