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Several developing countries that underwent trade liberalization experienced an increase in the share of informal workers in manufacturing industries. This phenomenon deserves careful examination because informal jobs are not only generally viewed as low-quality and low-paying jobs, but they...
Persistent link: https://www.econbiz.de/10011111978
The desire to increase manufacturing productivity has been a commonly cited goal of the trade liberalization episodes that have swept several developing countries since the 1980s. The literature has found evidence supporting such an increase in productivity. However, this paper finds that the...
Persistent link: https://www.econbiz.de/10011113736
How can one study the ideational influence of ordoliberalism on European integration processes? This is the overarching question answered in this paper where I propose a refined methodology, taking into account that the influence of ordoliberalism can vary over time and, more importantly, that...
Persistent link: https://www.econbiz.de/10011109549
The ultimate objective of the present paper is to empirically investigate the effectiveness of competition policy in developed and developing countries. Although its importance is continuously increasing, the effectiveness of competition policy still seems to lack the attention that it would...
Persistent link: https://www.econbiz.de/10011109090
The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and, thus, an institutional stance. It is Post-Keynesian as long as it does not perceive any benefit in the mainstream split between monetary and fiscal policies. And it is...
Persistent link: https://www.econbiz.de/10005014711
This paper empirically investigates the impact of trade and financial liberalization on economic growth in Pakistan using annual observations over the period 1961-2005. The analysis is based on the bound testing approach of cointegration advanced by Pesaran et al (2001). The empirical findings...
Persistent link: https://www.econbiz.de/10005835821
The impact of trade liberalization on growth and employment is a much debated and controversial issue. In theory, trade liberalization results in productivity gains through increased competition, efficiency, innovation and acquisition of new technology. Trade policy works by inducing...
Persistent link: https://www.econbiz.de/10011111301
China and Brazil are two countries with continental dimensions, with differences in availability of natural resources … consistently a strategy of Export Led Growth (ELG), while Brazil, until the mid 1990s had a strategy based on Import Substitution … Industrialization (ISI) with a relatively closed economy to the external market; however, recently Brazil has been switching to a more …
Persistent link: https://www.econbiz.de/10008919791
This article assesses the role of the public sector in adaptation to climate change. We first offer a definition and categorization of climate change adaptation. We then consider the primary economic principles that can guide the assignment of adaptation tasks to either the private or the public...
Persistent link: https://www.econbiz.de/10011096177
In this paper we consider relationship between foreign direct investment (as one of the mechanisms of technological development) and long-term economic growth. In the beginning we discuss the role of FDI in the increase of total factor productivity from the viewpoint of endogenous growth theory....
Persistent link: https://www.econbiz.de/10011109812