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This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10012471648
Advances in communication technologies over the past half century have made the cultural goods of one country more readily available to consumers in another, raising concerns that cultural products from large economies - in particular the US - will displace the indigenous cultural products of...
Persistent link: https://www.econbiz.de/10012462688
This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their … wages to land rents, on the other hand, declined up to World War I and so did the ratio of wages to GDP per capita. The …
Persistent link: https://www.econbiz.de/10012471890
markets. One of the distinguishing features of the R&D globalization phenomenon is its concentration within the software … three important phenomena: (1) the globalization of R&D, (2) the growing importance of software and IT to firm innovation … large quantities of STEM workers who possessed IT and software skills. Our findings support the view that the globalization …
Persistent link: https://www.econbiz.de/10012453013
companies to disentangle the role of technological change, market power, and globalization in driving a fall in the labor share … measured using four firm and twenty firm concentration ratios and globalization is measured as export shares in total revenues … smaller. Finally, the evidence on globalization is mixed: trade shares are at times negatively associated with the labor share …
Persistent link: https://www.econbiz.de/10014468215
outputs and a small effect on world interest rates. However, it has a major impact on inequality, both wage inequality within …
Persistent link: https://www.econbiz.de/10012629440
Many of the exports of developing countries are channeled through global value chains (GVCs), which also act as conduits for new technologies. However, new capabilities and productive employment remain limited so far to a tiny sliver of globally integrated firms. GVCs and new technologies...
Persistent link: https://www.econbiz.de/10012480816
We construct a model of international trade and multinational production (MP) to examine the impact of globalization on …
Persistent link: https://www.econbiz.de/10012462198
Two prominent features of globalization in recent decades are the remarkable increase in trade and in migratory flows … phenomena of migration and trade in a world where countries use different skill-specific technologies and workers have different …
Persistent link: https://www.econbiz.de/10012465008
impact of technical change on relative wages and unemployment in a world in which one country has flexible and the other … flexible wage world. A few stylized facts help to narrow the field to a few candidates to account for these factor market …
Persistent link: https://www.econbiz.de/10012473209