Showing 1 - 9 of 9
In this paper, we analyse effects of EU integration on Asian countries. Since the early 1990s, it is especially the trade creation effect of monetary integration (so-called Rose effect) which is heavily debated in the literature. Recent papers seem to indicate that the Rose effect seems to be...
Persistent link: https://www.econbiz.de/10005755194
This paper compares the aggregate effects of sectoral reallocation in the United States and Western Germany using a stochastic volatility model of sectoral employment growth. Reallocative shocks have no effect on the natural rate of unemployment in either country, and there is mild evidence that...
Persistent link: https://www.econbiz.de/10009216276
In this paper, I estimate a series of long run reallocative shocks to sectoral employment using a stochastic volatility model of sectoral employment growth for the United States from 1960 through 2011. Reallocative shocks (which primarily measure construction and technology busts) have little...
Persistent link: https://www.econbiz.de/10009216281
We explore the far-reaching implications of low-wage subsidies on skill formation, aggregate employment and welfare. Low-wage subsidies have three important effects. First, they promote employment of low-skilled workers (who tend to be the ones who earn low wages). Second, by raising the payoff...
Persistent link: https://www.econbiz.de/10005103185
This paper examines the interactions between employment and training policies. Their effectiveness in stimulating income and employment may be interdependent for various important reasons. For example, the more employment policies stimulate the employment rate, the greater the length of time...
Persistent link: https://www.econbiz.de/10005755249
This study investigates the role of government activity in economic growth, arguing that economic systems are important and that, therefore, one size of government does not fit all countries. Taking a panel of 111 countries over the years from 1971 to 2010, we consider clusters of economic...
Persistent link: https://www.econbiz.de/10010886882
Russia and China are assumed to challenge democratization and to promote autocracy. In a first step, we analyze Central … Asia as the most-likely case, considering both Russia and China as relevant external actors. We develop a concept for our … analysis based on the different strategies of Russia (dominance) and China (doing-business) towards the region and present the …
Persistent link: https://www.econbiz.de/10010887001
It is widely accepted that China has been experiencing an export-led growth approach. However, the question whether …
Persistent link: https://www.econbiz.de/10005700627
This paper investigates the link between inward FDI and innovation activity in China, using a very comprehensive and …
Persistent link: https://www.econbiz.de/10005818806