Showing 1 - 10 of 31
The link between trade and wages is embodied in the Stolper-Samuelson theorem and its generalizations. The Stolper-Samuelson logic is that trade affects relative factor rewards by changing relative prices. Since in Argentina non-skilled labor was neither as abundant a factor as land nor as...
Persistent link: https://www.econbiz.de/10009416985
This paper presents a synoptic interpretation of structural unemployment in Europe. The paper consists of three parts. Part 1 summarises some major stilysed facts of the record and the state of unemployment in Europe. In part 2, these facts are taken as the basis for a theoretical interpretation...
Persistent link: https://www.econbiz.de/10009276307
This paper examines the movements in EU unemployment from two perspectives: (a) the NRU/NAIRU perspective, in which unemployment movements are attributed largely to changes in the long-run equilibrium unemployment rate and (b) the chain-reaction perspective, in which unemployment movements are...
Persistent link: https://www.econbiz.de/10010955891
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10005083343
A widely spread belief among economists is that monetary policy has relatively short-lived effects on real variables such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle frequencies, but the effects on unemployment may well be more...
Persistent link: https://www.econbiz.de/10005700640
In this paper we investigate the contagion effect between stock markets of U.S and sixteen OECD countries due to Global Financial Crisis (2007-2009). We apply Dynamic Conditional Correlation GARCH model Engle (2002) to daily stock price data (2002-2009). In order to recognize the contagion...
Persistent link: https://www.econbiz.de/10009149314
The ongoing process of European integration is likely to increase trade and factor mobility thereby increasing …
Persistent link: https://www.econbiz.de/10005566199
Globalization and European integration are substantially changing the interregional division of labor in Europe and the … integration (such as the new economic geography, urbanization economics, and the theory of comparative advantages), surveys the …
Persistent link: https://www.econbiz.de/10005700549
This paper analyzes, within a regional growth model, the impact of productive governmental policy and integration on … the spatial distribution of economic activity. Integration is understood as enhancing territorial cooperation between the … which regional road networks are connected. Both integration and the characteristics of the public input crucially affect …
Persistent link: https://www.econbiz.de/10005818788
We use a controlled experiment to analyze gender differences in risk preferences and stereotypes about risk preferences of men and women across two distinct island societies in the Pacific: the patrilineal Palawan in the Philippines and the matrilineal Teop in Papua New Guinea. We find no gender...
Persistent link: https://www.econbiz.de/10010905566