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This Paper investigates the welfare effects of trade liberalization by exploiting a natural policy experiment in the small open economy of Cyprus. A 1993 law relaxed import restrictions on used vehicles and facilitated the flow of used Japanese vehicles into the country. This led to a dramatic...
Persistent link: https://www.econbiz.de/10005662336
Since the days of Henry Ford the automobile industry has served as a model of economic expansion and technological progress based on mass production. But from the mid-1970s, sweeping changes in markets and technology have transformed international competitive conditions and spurred automobile...
Persistent link: https://www.econbiz.de/10005281388
This paper analyzes the effects of European Community trade policy towards the car market, in a formal model in which the motor industry is treated as an imperfectly competitive industry with economies of scale in production. Voluntary restrictions on exports of Japanese cars to Community...
Persistent link: https://www.econbiz.de/10005661483
than output, while employment shows a persistent decline. This finding has raised doubts concerning the relevance of the … economy, the flexible price RBC model can match the negative conditional correlation between productivity and employment quite …
Persistent link: https://www.econbiz.de/10005662191
The paper examines the implications of an important aspect of the ongoing reorganization of work – the move from occupational specialization towards multi-tasking – for centralized wage bargaining. The analysis shows how, on account of this reorganization, centralized bargaining becomes...
Persistent link: https://www.econbiz.de/10005662207
This paper examines the implications of labour force growth in one region for wages, employment, and production … linkages between labour force growth in one region and real wage and employment erosion in another are derived. These …
Persistent link: https://www.econbiz.de/10005666533
The paper analyzes a variety of government policies that can stimulate employment when unemployment is generated … may be ineffective. We show how supply side policies can stimulate employment by raising worker productivity or reducing … effect on employment unless these policies stimulate labor productivity, the entry of firms, capital utilization or …
Persistent link: https://www.econbiz.de/10005666572
This paper analyses theoretically and empirically how employment subsidies should be targeted. We contrast measures … efficiency" (AWE). Thereby we can identify policies that (a)improve employment and welfare, (b)do not raise earnings inequality …
Persistent link: https://www.econbiz.de/10005666681
have been associated with employment cuts. Somewhat surprisingly, firm exits did not contribute significantly to aggregate …
Persistent link: https://www.econbiz.de/10005666743
product and in labour markets, in the determination of sectoral employment growth in Italy during the last forty years (1951 … markets were quantitatively more important than changes in product markets in the determination of sectoral employment growth … remained constant after 1973, our simulations suggest that, on average, industrial and service employment would have been …
Persistent link: https://www.econbiz.de/10005666840