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Viitteet 21-30 / 453
Fixed exchange rate regimes, real undervaluation and economic growth
(10.08.2015)
BOFIT Discussion Papers 23/2015
BOFIT Discussion Papers 23/2015
This paper empirically studies how a fixed exchange rate regime (FERR) may promote economic growth by undermining the Balassa-Samuelson effect. When total factor productivity (TFP) is faster in the industrial sector than ...
Aggregate versus industry-specific sources of economic growth and business cycle fluctuations
(22.05.1989)
Bank of Finland Research Discussion Papers 16/1989
Bank of Finland Research Discussion Papers 16/1989
This paper evaluates the power of aggregate and sector-specific disturbances ta output growth in the Finnish econc:Jrqy using armual data on the growth of value added in 31 industries over the period 1961-87. The unifonn ...
Firm growth : Adjustment and fluctuations
(09.11.1988)
Bank of Finland Research Discussion Papers 26/1988
Bank of Finland Research Discussion Papers 26/1988
Firm growth is analysed using panel data for a sample of Finnish firms over the period 1978 - 1985. The paper focuses on the relationship between firm characteristics and growth, paying attention to both latent and measured ...
Endogenous TFP, business cycle persistence and the productivity slowdown
(18.09.2019)
Bank of Finland Research Discussion Papers 21/2019
Bank of Finland Research Discussion Papers 21/2019
This paper analyses the procyclicality of euro area total factor productivity and its role in business cycle amplification by estimating a medium-scale DSGE model with endogenous productivity mechanism on euro area data. ...
One-child policy in China : A unified growth analysis
(29.12.2017)
BOFIT Discussion Papers 22/2017
BOFIT Discussion Papers 22/2017
This paper examines the effects of China's One Child Policy (OCP) in a stylized unified growth model where demographic change plays a central role. Introducing a population constraint into Galor and Weil (2000) model, our ...
Local government debt and economic growth in China
(02.12.2014)
BOFIT Discussion Papers 20/2014
BOFIT Discussion Papers 20/2014
China’s local government debt (LGD) has recently become the focus of economic policy debates. However, information about LGD and its impact on economic growth in the Chinese economy is scarce. This paper attempts to present ...
Win-Win? Assessing the global impact of the Chinese economy
(12.02.2020)
BOFIT Discussion Papers 4/2020
BOFIT Discussion Papers 4/2020
We study the global impact of the Chinese economy based on a novel indirect approach where the spillover effect is quantified from a forecast error model under relatively favorable identifying conditions. Findings from the ...
The internationalization of the RMB, capital market openness, and financial reforms in China
(12.02.2015)
BOFIT Discussion Papers 4/2015
BOFIT Discussion Papers 4/2015
This paper provides an overview of Chinese financial and trade integration in recent decades, and the challenges facing China in the coming years. China had been a prime example of export-led growth, benefiting from ...
Exchange rate fluctuations and the financial channel in emerging economies
(30.08.2021)
BOFIT Discussion Papers 11/2021
BOFIT Discussion Papers 11/2021
This paper assesses the financial channel of exchange rate fluctuations for emerging countries and the link to the conventional trade channel. We analyze whether the effective exchange rate affects GDP growth, the domestic ...
Maailmantalouden kasvu nopeutuu ennustejaksolla
(10.06.2015)
Euro & talous 3/2015
Euro & talous 3/2015
Maailmantalouden kasvu nopeutuu ennustejaksolla. Öljyn hinnan lasku hyödyttää öljyntuojamaita. Euroalueella laajennettu omaisuuserien osto-ohjelma on pienentänyt rahoituksen kustannuksia, parantanut luotonantoa ja vahvistanut ...