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Bubble Economics and Structural Change: The Cases of Spain and France Compared

Agnese, Pablo; Hromcová, Jana - Institute for the Study of Labor (IZA) - 2015

This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting structural change that is arguably needed to put the economy back into the right track. For this purpose we calibrate a model with different equilibria descriptive of the labor...

Persistent link: https://www.econbiz.de/10011250613

Japan and Her Dealings with Offshoring: An Empirical Analysis with Aggregate Data

Agnese, Pablo - Institute for the Study of Labor (IZA) - 2011

studies conducted so far focus alone on the productivity effects of offshoring at the firm level. Here I carry out the … analysis of both the employment and productivity effects at the aggregate level of the industry, covering the years 1980 …. On the other hand, positive effects on the growth rate of productivity are found as a result of both types of offshoring …

Persistent link: https://www.econbiz.de/10008839298