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policies, but at the same time poverty and inequality have remained high or have increased. Prospects are not encouraging for …
Persistent link: https://www.econbiz.de/10005003949
on the working week, employment and productivity. A baseline model economy is calibrated to reproduce the cross … higher degree of flexibility in weekly hours. The 2012 reform is found to preserve employment and generate a 1.72% increase … in productivity. In the work-sharing scenario, the increase in employment (1.86%) comes at the expense of a lower …
Persistent link: https://www.econbiz.de/10010241369
While China has been pivotal in discussions and academic research on global imbalances, little is known about macroeconomic external imbalances among Chinese regions and the factors driving them. We use aggregate regional data and estimate provincial total factor productivity growth over...
Persistent link: https://www.econbiz.de/10010402791
The literature has shown that the implied welfare gains from international financial integration are very small. We revisit the existing findings and document that welfare gains can be substantial if capital goods are not perfect substitutes. We use a model of optimal savings that includes a...
Persistent link: https://www.econbiz.de/10009364327
The literature has shown that the implied welfare gains from financial integration are very small. We revisit these findings and document that welfare gains are substantial if capital goods are not perfect substitutes. We use a model of optimal savings where the elasticity of substitution...
Persistent link: https://www.econbiz.de/10010679295
This paper uses a composite measure to examine why some countries attract more foreign direct investment (FDI) than … others. The measure considers all identified, measurable, and comparable socioeconomic aspects that affect FDI decisions on … an aggregated country level. As a result, we can rank 127 countries with respect to their FDI attraction. The measure …
Persistent link: https://www.econbiz.de/10010574585
Welfare-to-work measures are a central theme of Israel’s labour and social policies to tackle relative poverty, which … comparison with OECD countries, but it is not strongly enforced. Poverty among pensioners is set to fall in the future with the …
Persistent link: https://www.econbiz.de/10008552863
Persistent link: https://www.econbiz.de/10010734306
This book will be an important addition to the limited number of books that discuss finance and accounting issues in East Asian countries. While presenting recent empirical studies on finance and accounting in East Asian economies, it also reveals the underlying reasons for remarkable economic...
Persistent link: https://www.econbiz.de/10010883054
The study objective was identification of the service industries that determine the rate and lines of development of a knowledge-based economy. The analysis covered the EU member countries and the years of 2008-2012. This report consists of four sections. The first one provides the...
Persistent link: https://www.econbiz.de/10011273831