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We explore the relation between international financial integration and the level of entrepreneurial activity in a country. Using a unique data set of approximately 24 million firms in nearly 100 countries in 1999 and 2004, we find suggestive evidence that international financial integration has...
Persistent link: https://www.econbiz.de/10005796107
offshoring and international trade. …
Persistent link: https://www.econbiz.de/10010941119
How do offshoring and immigration affect the employment of native workers? What kinds of jobs suffer, or benefit, most … looked at the effects of offshoring and immigration separately, we argue that one can gain useful insights by jointly …. Third, we use the model to draw systematic predictions about the effects of immigration and offshoring on native workers and …
Persistent link: https://www.econbiz.de/10010550423
This paper explains why capital does not flow from the North to the South - the Lucas Paradox - with a New Economic Geography model that incorporates mobile capital, immobile labour, and productively heterogeneous firms. In contrast to neoclassical theories, the results show that even a small...
Persistent link: https://www.econbiz.de/10005797299