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North-South Technology Diffusion, Regional Integration, and the Dynamics of the "Natural Trading Partners" Hypothesis
Schiff, Maurice; Wang, Yanling - Institute for the Study of Labor (IZA) - 2004
Based on static analysis, a number of studies argue that forming a RTA is more likely to raise welfare if member countries are "natural trading partners," while other studies claim the opposite. This paper considers the argument from a dynamic viewpoint by examining the impact of trade with...
Persistent link: https://www.econbiz.de/10005703120
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An Empirical Study of the Relationships between CO2 Emissions, Economic Growth and Openness
Choi, Eunho; Heshmati, Almas; Cho, Yongsung - Institute for the Study of Labor (IZA) - 2010
This paper investigates the existence of the environmental Kuznets curve (EKC) for carbon dioxide (CO2) emissions and its causal relationships with economic growth and openness by using time series data (1971-2006) from China (an emerging market), Korea (a newly industrialized country), and...
Persistent link: https://www.econbiz.de/10008693845
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Employment, Exchange Rates and Labour Market Rigidity
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - Institute for the Study of Labor (IZA) - 2010
There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...
Persistent link: https://www.econbiz.de/10008536005
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Employment and Exchange Rates: The Role of Openness and Technology
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - Institute for the Study of Labor (IZA) - 2009
Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...
Persistent link: https://www.econbiz.de/10004999155
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Manufacturing Employment and Exchange Rates in the Portuguese Economy: The Role of Openness, Technology and Labour Market Rigidity
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - Institute for the Study of Labor (IZA) - 2010
In this paper, we explore empirically the role of openness, technology and labour market rigidity in the determination of the effect of the exchange rate on employment in Portugal. We develop an index that allows us to measure labour market flexibility at the sector level. This index shows that...
Persistent link: https://www.econbiz.de/10008684804
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A Global View of Cross-Border Migration
di Giovanni, Julian; Levchenko, Andrei A.; Ortega, Francesc - Institute for the Study of Labor (IZA) - 2012
This paper evaluates the welfare impact of observed levels of migration and remittances in both origins and destinations, using a quantitative multi-sector model of the global economy calibrated to aggregate and firm-level data on 60 developed and developing countries. Our framework accounts...
Persistent link: https://www.econbiz.de/10011279236
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Intra-Industry Adjustment to Import Competition: Theory and Application to the German Clothing Industry
Raff, Horst; Wagner, Joachim - Institute for the Study of Labor (IZA) - 2009
This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...
Persistent link: https://www.econbiz.de/10008497005
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Modeling International Trade Flows Between Eastern European Countries and OECD Countries
Rault, Christophe; Sova, Robert; Sova, Ana Maria - Institute for the Study of Labor (IZA) - 2007
Our paper deals with econometric developments for the estimation of the gravity model which lead to convergent parameter estimates even when a correlation exists between the explanatory variables and the specific unobservable characteristics of each unit. We implement panel data econometric...
Persistent link: https://www.econbiz.de/10005761674
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The Relationship between Income Inequality, Poverty and Globalisation
Heshmati, Almas - Institute for the Study of Labor (IZA) - 2004
This paper introduces two composite indices of globalisation. The first is based on the Kearney/Foreign Policy magazine … and the second is obtained from principal component analysis. They indicate the level of globalisation and show how … globalisation has developed over time for different countries. The indices are composed of four components: economic integration …
Persistent link: https://www.econbiz.de/10005566428
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Globalisation, Inequality and Poverty Relationships: A Cross Country Evidence
Neutel, Marcel; Heshmati, Almas - Institute for the Study of Labor (IZA) - 2006
In this research, the relationship between globalisation and poverty and income inequality is determined. A whole new … globalisation index has been constructed based on data covering a large sample of 65 developing countries. The index is based on the … globalisation index proposed by A.T. Kearney / Foreign Policy Magazine. The index is composed of four subindices, namely: economic …
Persistent link: https://www.econbiz.de/10005566460