A Glimpse on Sectoral Convergence of Productivity Levels
Gerald Müller
IWH Discussion Papers,
Nr. 133,
2001
Abstract
This paper examines the presence of sectoral convergence of labor productivity between 14 OECD countries. Using the OECD International Sectoral Data Base (ISDB), the paper looks at the developments within 12 distinct sectors during the period 1970-1995. The change of the coefficients of variance suggests that there is strong sectoral convergence within most service sectors while the evidence of convergence for Manufacturing as well as for Communication is rather weak. These findings are in line with most studies undertaken on this subject so far. It is concluded that economic theories at hand to explain growth and convergence (or divergence respectively) are of different importance for the sectors concerned. While models of the New Growth Theory seemed to be useful to explain growth mechanisms within Manufacturing and Communication, traditional models seemed to apply to most other sectors.
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Impact of the Russian Financial Crisis on Stock Exchanges in Central and Eastern Europe
Thomas Linne
Externe Publikationen,
Nr. 6,
2000
Abstract
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The Asian and the Russian Financial Crises: Propagation Effects and Policy Responses in Central Europe’s Transition Economies
Lucjan T. Orlowski
IWH Discussion Papers,
Nr. 104,
1999
Abstract
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Exchange Rate Policies in Central Europe in response to the EMU
Lucjan T. Orlowski
IWH Discussion Papers,
Nr. 75,
1998
Abstract
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The Role of Real Exchange Rates in the Central European Transformation
Lucjan T. Orlowski
Forschungsreihe,
Nr. 1,
1998
Abstract
The study eamines the interactions between real exchange rates, current accounts and capital account balances in Poland, Hungary and the Czech Republic. The empirical investigation leads to a strong endorsement of more flexible exchange rates in the present stage of the economic transformation process of the former socialist countries in Central and Eastern Europe. Exchange rate flexibility allows more independent monetary policies that focus on financing structural adjustments and institutional changes in transition economies. However, the integration process with the European Union and more remote considerations of possible accession to the European Monetary Union will require a gradual move to fixed exchange rates and to an exchangerate-based monetary policy.
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An Eastern Enlargement of the EU: Macroeconomic Effects in new Member States
Hubert Gabrisch
Europe Asia Studies,
1997
Abstract
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The Division of Labour in Europe – Developments in Central and Eastern Europe
Hubert Gabrisch
Labour Market and Job Creation Policies in Europe,
1996
Abstract
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Steps for a Monetary Integration of the Economies in Central and Eastern Europe into the IMS, ERM and EU
Thomas Linne
Externe Publikationen,
1995
Abstract
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Structural Changes in Trade Relations between the European Union and Central and Eastern Europe since 1991
Klaus Werner
Externe Publikationen,
1995
Abstract
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