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An Economic Theory of Foreign Interventions and Regime Change

Bonfatti, Roberto - CESifo - 2011

I construct a theory of foreign interventions in which the preferences of the foreign country over alternative local groups are determined by each group's international economic ties. In equilibrium, the foreign country supports the group with which it has the strongest ties, since this is most...

Persistent link: https://www.econbiz.de/10009147745

Business Cycles, International Trade and Capital Flows: Evidence from Latin America

Caporale, Guglielmo Maria; Girardi, Alessandro - CESifo - 2012

This paper adopts a flexible framework to assess both short- and long-run business cycle linkages between six Latin American (LA) countries and the four largest economies in the world (namely the US, the Euro area, Japan and China) over the period 1980:I-2011:IV. The result indicate that within...

Persistent link: https://www.econbiz.de/10010595388

Substitutability and Protectionism: Latin America’s Trade Policy and Imports from China and India

Facchini, Giovanni; Olarreaga, Marcelo; Silva, Peri A.; … - CESifo - 2007

This paper examines the trade policy response of Latin American governments to the rapid growth of China and India in world markets. To explain higher protection in sectors where a large share is imported from these countries, we extend the ‘protection for sale’ model to allow for different...

Persistent link: https://www.econbiz.de/10005765925

Temporary Employment, Job Flows and Productivity: A Tale of two Reforms

Cappellari, Lorenzo; Dell'Aringa, Carlo; Leonardi, Marco - CESifo - 2011

productivity-enhancing effect. The reform of fixed-term contracts instead did not produce the intended results: it induced a … substitution of temporary employees in favour of permanent ones and reduced capital intensity, generating productivity losses. We …

Persistent link: https://www.econbiz.de/10009221556

Does China Still Have a Labor Cost Advantage?

Ceglowski, Janet; Golub, Stephen - CESifo - 2011

In recent years wages in China have been rising and the yuan has appreciated, potentially eroding China’s cost advantage in manufactures. This paper explores the evolution of China’s relative unit labor costs in manufacturing over 1998-2009. Between 1998 and 2003 China’s unit labor costs...

Persistent link: https://www.econbiz.de/10009323303

Credit Constraints, Quality, and Export Prices: Theory and Evidence from China

Fan, Haichao; Lai, Edwin L.-C.; Li, Yao Amber - CESifo - 2013

This paper examines the relationship between the credit constraints faced by a firm and the unit value prices of its exports. The paper modifies Arkolakis’s (2010) model of trade with heterogeneous firms by introducing endogenous quality and credit constraints. The model predicts that tighter...

Persistent link: https://www.econbiz.de/10010690383

Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Ristuccia, Cristiano Andrea; Solomou, Solomos - CESifo - 2014

Does the concept of General Purpose Technologies help explain periods of faster and slower productivity advance in …, Britain, France, Germany and Japan and proceeds to evaluate the hypothesis of a productivity bonus as postulated by many … there was no generalized productivity boost from electrical power diffusion as postulated by many existing GPT models. The …

Persistent link: https://www.econbiz.de/10010748306

Labor Market Policies and European Crises

Bertola, Giuseppe - CESifo - 2013

This paper studies theoretically and empirically why and how labor policies may reduce productivity and employment in …

Persistent link: https://www.econbiz.de/10010706002

Nominal and Real Exchange Rate Models in South Africa: How Robust are they?

Egert, Balazs - CESifo - 2012

This paper addresses difficulties in modelling exchange rates in South Africa. Real exchange rate models of earlier research seem to be sensitive to the sample period considered, alternative variable definition, data frequency and estimation methods. Alternative exchange rate models proposed in...

Persistent link: https://www.econbiz.de/10010554826

Productivity as if Space Mattered: An Application to Factor Markets Across China

Cheng, Wenya; Morrow, John; Tacharoen, Kitjawat - CESifo - 2013

results quantify the role of regional factor markets in firm productivity and location. Considering modern China as a large …

Persistent link: https://www.econbiz.de/10010877649