Search results for "Econometric"
showing 10 items of 3780 documents
Determinants of Access to Academic Careers in France
2010
International audience; The recruitment of young PhD graduates in the academic sector is associated with great uncertainty regarding their potential teaching and research productivity. Thus, in order to recruit the best PhD graduates for permanent positions, employers (universities or research institutions in France) select according to signals sent by the applicants in their curriculum vitae: publications, post-doc position, host research institution.... In our paper, we analyse the factors affecting the access duration to a permanent job in three academic fields in France, using a sample of PhDs graduated in 2001. A discrete-time model, controlling for post-doc participation, is used to a…
Work engagement in eight European countries
2011
PurposeThe purpose of this paper is to examine the level and predictors of work engagement among service sector employees in eight European countries.Design/methodology/approachThe work seeks to discover if job demands and resources, i.e. job autonomy and social support, affect work engagement in differing ways in different countries when socio‐demographical variables and work‐related factors are controlled. The study is based on a statistical analysis of survey data from Bulgaria, Finland, Germany, Hungary, The Netherlands, Portugal, Sweden and the UK in 2007 (n=7,867). The data represent four economic sectors: retail trade, finance and banking, telecoms and public hospitals.FindingsThe re…
The effects of competitiveness on trade balance: The case of Southern Europe
2016
AbstractAccording to conventional wisdom, “peripheral” Southern European members of the euro area (Greece, Italy, Portugal and Spain) suffer from a problem of competitiveness. Since their membership of the euro area renders devaluation impossible, adjustment should come through decreasing wages and prices in these countries, which, by improving the trade balance, should lead to a recovery of previous levels of employment and growth. In this paper, the authors estimate trade balance equations for the Southern European countries, both for total trade and for the trade performed with the European Union, taking three alternative measures of the real exchange rate, based on consumption price ind…
Regional Powers as Leaders or Rambos? The Ambivalent Behaviour of Brazil and South Africa in Regional Economic Integration
2013
The behaviour of regional powers towards their own regions is often volatile in the developing world, which leads to unstable integration processes. This article argues that this volatility is due to limited intra-regional gains from regional integration in developing regions, which implies that the behaviour of regional powers is constrained by extra-regional economic interests. When regional integration is not in conflict with extra-regional interests, regional powers provide regional leadership. However, when extra-regional interests are in conflict with regional integration, regional powers become regional Rambos. This argument is illustrated with the two examples of Brazil's behaviour …
Trade balances and exchange rates in the long run for European Union countries
2000
This paper has found evidence that real effective exchange rates have a positive impact on the trade balance in the long run for major European Union countries. This result sheds more light on the long-run statistical relationship between those two variables, at least in the context of the Community. The existence of that link is sustained by the effects that income variables have on the trade balance. The outcomes of this analysis in support of a long-run equilibrium relationship are consistent with the imperfect substitutes model, confirming the validity of this model for economic policy implementation purposes. Low, long-run elasticities of the trade balance with respect to the real effe…
The economic impact of European financial integration: The importance of the banking union
2015
Abstract The aim of the paper is to analyze the effect of European financial integration on economic growth. We focus on how the international financial crisis that started in 2007 has affected integration and growth. By combining information at country, sector and firm level, we quantify the effect of financial integration on financial development and therefore on economic growth. Our results illustrate that until the outbreak of the crisis, a significant part of financial development is attributable to progress in integration, with a positive contribution of around 0.04 pp to the EU-15 countries’ GDP growth over the period 1999–2007 of advance in integration. However, during the crisis, t…
Measuring Globalization of International Trade: Theory and Evidence
2009
Measuring globalization requires a Standard of Perfect International Integration as a benchmark that a single world space would reach under conditions of geographic neutrality in international trade. We define this standard and present indicators for openness, connectedness and integration, for each specific economy, and for the world economy. We apply our indicators to data on trade flows for 59 countries for the 1967-2004 period. Results show that trade integration is higher than what traditional openness indicators suggest. Several economies find high levels of integration, but the low degree of openness in some large economies jeopardizes the progress of globalization. © 2008 Elsevier L…
Skilled and unskilled wage differentials and economic integration, 1870-1930
2004
In this article we analyse the differences between the wages of skilled and unskilled workers in the period 1870–1930 for five countries with different levels of development and economic integration: the USA, France, the UK, Italy and Spain. We have constructed a ratio of skilled to unskilled wages (the skill premium) in the industrial sector for all these countries with the exception of the USA, for which data were already available. We study the impact of globalisation, technological and structural change and labour movements on the skill premium growth rate. The main conclusion we obtain is that the globalisation variables (migration and trade) explain only part of this growth. Technolog…
Trade in final goods and the impact of innovation
2011
Abstract This paper analyses how innovations in imported final goods impact via terms of trade effects upon welfare growth in the domestic economy. It is shown that the impacts, although differing across countries, are quantitatively significant and worthy of further consideration.
The determinants of increasing equity market comovement: economic or financial integration?
2010
This paper investigates to what extent the substantial increase in exposures of local European equity market returns to global shocks is mainly due to a convergence in cash flows (“economic integration”), to a convergence in discount rates (“financial integration”), or to both. We find that this increased exposure is nearly entirely due to increasing discount-rate betas. This finding is robust to alternative ways of calculating discount-rate and cash-flow shocks.