Showing 1 - 10 of 11,998
significantly affects U.S. inward foreign direct investment. We find no evidence that relative wages have a significant impact on …
Persistent link: https://www.econbiz.de/10012474775
worker wages, and crude oil production. Factors that are associated with less sensitivity of manufacturing employment to …In a series of earlier papers we have examined the impact of exchange rate movements on employment and output in the … impact of exchange rate movements on manufacturing employment, disaggregated geographically, using census divisions, regions …
Persistent link: https://www.econbiz.de/10012476632
This paper contributes to an understanding of internationally generated adjustment costs by demonstrating a statistically significant and economically relevant effect of the real exchange rate on job creation and job destruction in U.S. manufacturing industries over the period 1973 to 1993. The...
Persistent link: https://www.econbiz.de/10012471310
This paper evaluates the response of employment to exchange rate shocks at the industry level for the G-7 countries … data are consistent with the view that employment in European industries, at least France and Germany, is much less … United Kingdom and Italy all appear to adjust more quickly. German and Japanese employment are quite insensitive to exchange …
Persistent link: https://www.econbiz.de/10012472967
implications of Renminbi (RMB) real exchange rate appreciation for adjustments in employment and wage rates. We stress differences … real exchange rate appreciation would likely have pronounced effects on both net employment and wage rates. A 10% RMB … appreciation would likely cause a net employment decline in Chinese manufacturing industries of between 4.1% and 5.3%, and a wage …
Persistent link: https://www.econbiz.de/10012461093
Japanese industry, and have effects on employment and output in sectors producing tradeable goods. This paper presents … estimate the impact of swings in the effective real exchange rate of the dollar and the yen on manufacturing employment and … the U.S. employment. These results are part of a larger research project to estimate the effects of the movements in the …
Persistent link: https://www.econbiz.de/10012476576
Real exchange rates between the yen and dollar based on general price indexes overestimate the competitiveness of the United States relative to Japan. High productivity growth in the traded sector of the Japanese economy results in a continuous fall in the prices of traded goods relative to...
Persistent link: https://www.econbiz.de/10012477152
Two propositions are common in the international finance literature: (1) the real exchange rate is a random walk, (2) the real exchange rate time series properties essentially depend on the nominal exchange rate regime. The first proposition has been used in support of the claim that PPP cannot...
Persistent link: https://www.econbiz.de/10012475979
prices. How should the structure of sectorial wages adjust in response to such a shock? This question is addressed in the … are affected by the exogenous real shock. Cost of negotiations result in labor market contracts which set nominal wages in …-indexation rules. The optimal rules alter both the absolute and the relative structure of sectorial nominal wages. We examine the …
Persistent link: https://www.econbiz.de/10012477276
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers … in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment … (positive) local shocks reduce current wages …
Persistent link: https://www.econbiz.de/10012471823