This paper investigates the impact of offshoring on export performances of French, German and Italian automotive firms …. We argue that the different offshoring strategies run by the main European automakers are responsible for the … panel data analysis and show that offshoring strongly affect exports of automotive firms. Focussing on the French and German …

inflation, both as an objective and as an intermediate instrument. We want to show that other variables like employment can be … that they can be function of employment only, which then dominates inflation for use in the policy rule. …

This paper examines the effects of tourism on labor employment, capital accumulation and resident welfare for a small … open economy with unemployment. A tourism boom improves the terms of trade, increases labor employment, but lowers capital …

composite goods from private firms. Such a policy unambiguously increases employment. It also raises private consumption and … employment, welfare and private consumption rise. We provide magnitudes for different parameter values. …