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International Comovement in the Global Production Network
Huo, Zhen - 2019
This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...
Persistent link: https://www.econbiz.de/10012479927
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Specialization : Pro- and Anti-globalizing, 1990-2002
Anderson, James E. - 2010
bit more than half the world's countries experience declining CHB and rising TFP. The effects are big for the outliers. A …
Persistent link: https://www.econbiz.de/10012462358
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Global Production Sharing and Rising Inequality : A Survey of Trade and Wages
Feenstra, Robert - 2001
We argue that trade in intermediate inputs, or 'global production sharing,' is a potentially important explanation for the increase in the wage gap between skilled and unskilled workers in the U.S. and elsewhere. Using a simple model of heterogeneous activities within an industry, we show that...
Persistent link: https://www.econbiz.de/10012470348
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Innovation and Production in the Global Economy
Arkolakis, Costas - 2013
of China into the world economy may hurt countries that are driven to specialize in production due to HMEs, although …
Persistent link: https://www.econbiz.de/10012459690
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Are We Fragmented Yet? Measuring Geopolitical Fragmentation and Its Causal Effect
Fernández-Villaverde, Jesús; Mineyama, Tomohide; … - National Bureau of Economic Research - 2024
After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …
Persistent link: https://www.econbiz.de/10014576667
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Financial Globalization and the Welfare State
Razin, Assaf - 2018
There is strong evidence from the launch of the single financial market in Europe on the interactions among financial … globalization, international tax competition, and the fading generosity of the welfare state. Financial globalization triggers a … key mechanism which links financial globalization to redistribution policy, this paper develops a stripped-down model …
Persistent link: https://www.econbiz.de/10012452967
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Why Is an Elite Undergraduate Education Valuable? Evidence from Israel
Lang, Kevin - 2011
In this paper we compare the labor market performance of Israeli students who graduated from one of the leading universities, Hebrew University (HU), with those who graduated from a professional undergraduate college, College of Management Academic Studies (COMAS). Our results support a model in...
Persistent link: https://www.econbiz.de/10012461928
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Earnings Functions, Rates of Return and Treatment Effects : The Mincer Equation and Beyond
Heckman, James J. - 2005
This paper considers the interpretation of "Mincer rates of return." We test and reject the Mincer model. It fails to track the time series of true returns. We show how repeated cross section and panel data improves the ability of analysts to estimate the ex ante and ex post marginal rate of...
Persistent link: https://www.econbiz.de/10012467134
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Ageing and Welfare-State Policy : Macroeconomic Perspective
Razin, Asaf; Schwemmer, Alexander H. - National Bureau of Economic Research - 2022
It has been well recognized that population ageing could generate structural changes centered around the dwindling labor force, on one hand, and the expanding dependency on the generosity of the welfare state, on the other hand. Ageing-related welfare state policy entails both fiscal issues and...
Persistent link: https://www.econbiz.de/10012814475
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The Welfare Magnet Hypothesis : Evidence From an Immigrant Welfare Scheme in Denmark
Agersnap, Ole - 2019
We study the effects of welfare generosity on international migration using reforms of immigrant welfare benefits in Denmark. The first reform, implemented in 2002, lowered benefits for non-EU immigrants by about 50%, with no changes for natives or EU immigrants. The policy was later repealed...
Persistent link: https://www.econbiz.de/10012480397