German Institute for Economic Research

Displaying 1-4 of 4 results

  • White Papers // Jan 2011

    Growth Accelerations Revisited

    This paper comments on the Journal of Economic Growth article "Growth Accelerations" by Ricardo Hausmann, Lant Pritchett, and Dani Rodrik (2005), a seminal piece that seeks to identify significant determinants of growth accelerations. In this paper, the author respectfully refers to Hausmann, Pritchett, and Rodrik (2005) as HPR. The contributions...

    Provided By German Institute for Economic Research

  • White Papers // Feb 2009

    Bank Competition And Firm Growth In The Enlarged European Union

    The authors examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, they find that bank competition helps firm entry. In addition, better institutions -...

    Provided By German Institute for Economic Research

  • White Papers // Dec 2008

    Strategic Investment In International Gas-Transport Systems: A Dynamic Analysis Of The Hold-Up Problem

    The authors develop a dynamic model of strategic investment in a transnational pipeline system. In the absence of international contract enforcement, countries may distort investment in order to increase their bargaining power, resulting in overinvestment in expensive and underinvestment in cheap pipelines. With repeated interaction, however, there is a potential...

    Provided By German Institute for Economic Research

  • White Papers // Sep 2008

    Assessing The Impact Of The ECB's Monetary Policy On The Stock Markets: A Sectoral View

    This paper analyzes the response of the European stock markets to the monetary policy shocks by the European Central Bank using the heteroskedasticity based approach of Rigobon (2003). The authors find that monetary policy tightening has a heterogeneous impact on the Euro Area sectors on the day the monetary policy...

    Provided By German Institute for Economic Research

  • White Papers // Jan 2011

    Growth Accelerations Revisited

    This paper comments on the Journal of Economic Growth article "Growth Accelerations" by Ricardo Hausmann, Lant Pritchett, and Dani Rodrik (2005), a seminal piece that seeks to identify significant determinants of growth accelerations. In this paper, the author respectfully refers to Hausmann, Pritchett, and Rodrik (2005) as HPR. The contributions...

    Provided By German Institute for Economic Research

  • White Papers // Feb 2009

    Bank Competition And Firm Growth In The Enlarged European Union

    The authors examine the impact of bank competition and institutional factors on net firm entry in a sample of European manufacturing industries over the 1995-2006 period. Taking into account industry differences in the need for external finance, they find that bank competition helps firm entry. In addition, better institutions -...

    Provided By German Institute for Economic Research

  • White Papers // Dec 2008

    Strategic Investment In International Gas-Transport Systems: A Dynamic Analysis Of The Hold-Up Problem

    The authors develop a dynamic model of strategic investment in a transnational pipeline system. In the absence of international contract enforcement, countries may distort investment in order to increase their bargaining power, resulting in overinvestment in expensive and underinvestment in cheap pipelines. With repeated interaction, however, there is a potential...

    Provided By German Institute for Economic Research

  • White Papers // Sep 2008

    Assessing The Impact Of The ECB's Monetary Policy On The Stock Markets: A Sectoral View

    This paper analyzes the response of the European stock markets to the monetary policy shocks by the European Central Bank using the heteroskedasticity based approach of Rigobon (2003). The authors find that monetary policy tightening has a heterogeneous impact on the Euro Area sectors on the day the monetary policy...

    Provided By German Institute for Economic Research