Showing 1 - 10 of 81
In this paper we show that the delegation of monetary policy to an independent and more conservative central banker is an optimal policy in an international context with monetary spillovers between countries, even in the absence of time inconsistency (credibility) issues. We also study the...
Persistent link: https://www.econbiz.de/10005114375
This paper shows that endogenous adjustments in the composition of labor supplies magnify the effects of changes in commodity prices on the measured skill premium under quite plausible conditions. These composition effects arise from decisions of individuals with heterogeneous inherent abilities...
Persistent link: https://www.econbiz.de/10005357871
We empirically assess the influence of globalization on social institutions that govern female subjugation and gender … equality in developing countries. Observing the progress of globalization for almost one hundred developing countries at ten … year intervals starting in 1970, we find that economic and social globalization exert a decidedly positive influence on the …
Persistent link: https://www.econbiz.de/10010542034
This study empirically assesses the influence of globalization on the institutional root causes of gender equality as … measured by the new OECD Social Institutions and Gender Index (SIGI). We capture the multifaceted concept of globalization with … the KOF index and its three sub-indices which measure the economic, social and political dimensions of globalization …
Persistent link: https://www.econbiz.de/10009293327
This paper studies the effect of globalization on public expenditures allocated to different stages of education. First …, we derive theoretically that globalization’s influence on education expenditures depends on the type of government. For … globalization on public education spending cannot be unambiguously predicted. In the second part of the paper, we empirically …
Persistent link: https://www.econbiz.de/10009319012
So far no existing study has analyzed what determines people’s trust in the IMF, the World Bank, and the WTO even …, personal income, ideological preferences, interest in politics, and exposure to media) as well as the extent of globalization … WTO. Moreover, respondents’ attitudes towards globalization have a bearing on trust in all three international …
Persistent link: https://www.econbiz.de/10009358770
What is the impact of Chinese import competition on Nordic producer prices? In a panel covering 23 (2 digit) NACE manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase in market share, Nordic producer prices decrease by...
Persistent link: https://www.econbiz.de/10009275961
employ the KOF index of globalization. The results show that globalization increased government sectors around the world …Two hypotheses relate to the globalization-welfare state nexus: The efficiency hypothesis predicts that globalization … contrast, predicts that globalization induces a higher demand for social insurance which results in an extended welfare state …
Persistent link: https://www.econbiz.de/10009206349
If the price effect of opening up a developing economy may be expected to act as a disincentive for investment in human capital, the opposite is likely to be true of the income effect, especially in the presence of credit market imperfections among the poor. It is shown in this Paper that this...
Persistent link: https://www.econbiz.de/10005662307
countries. We further show that globalization - interpreted as either market integration or increased product market competition …
Persistent link: https://www.econbiz.de/10005662344