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Asymmetric Shocks and Risk Sharing in a Monetary Union: Updated Evidence and Policy Implications for Europe
Kalemli-Ozcan, Sebnem; Sørensen, Bent E; Yosha, Oved - C.E.P.R. Discussion Papers - 2004
We find that risk sharing in the European Union (EU) has been increasing over the past decade due to increased cross-ownership of assets across countries. Industrial specialization has also been increasing over the last decade and we conjecture that risk sharing plays an important causal effect...
Persistent link: https://www.econbiz.de/10005124025
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Agglomeration and Endogenous Capital
Baldwin, Richard - C.E.P.R. Discussion Papers - 1998
The ‘new’ economic geography focuses on the footloose-labour and the vertically-linked industries models. Both are complex, since they feature demand-linked and cost-linked agglomeration forces. The paper presents a simpler model, where agglomeration stems from demand-linked forces arising...
Persistent link: https://www.econbiz.de/10005136511
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Globalization and the demand for skill: An Export Based Channel
Maurin, Eric; Thesmar, David; Thoenig, Mathias - C.E.P.R. Discussion Papers - 2002
This Paper shows that international trade affects the demand for skill through an export-based channel. Our working hypothesis is that the very act of exporting requires an effort of skill upgrading, in particular among occupations related to marketing and development. Using firm level data, we...
Persistent link: https://www.econbiz.de/10005067350
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The Effect of Trade on the Demand for Skill - Evidence from the Interstate Highway System
Michaels, Guy - C.E.P.R. Discussion Papers - 2007
raised the relative demand for skilled manufacturing workers in counties with a high endowment of human capital and reduced …
Persistent link: https://www.econbiz.de/10005504786
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Trade and Tasks: An Exploration over Three Decades in Germany
Becker, Sascha O.; Muendler, Marc-Andreas - C.E.P.R. Discussion Papers - 2014
This paper combines representative worker-level data that cover time-varying job-level task characteristics of an economy over a long time span with sector-level bilateral trade data. We carefully create longitudinally consistent workplace characteristics from the German Qualification and Career...
Persistent link: https://www.econbiz.de/10011084694
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Offshoring and the Onshore Composition of Tasks and Skills
Becker, Sascha O.; Ekholm, Karolina; Muendler, Marc-Andreas - C.E.P.R. Discussion Papers - 2009
We analyze the relationship between offshoring and the onshore workforce composition in German multinational enterprises (MNEs), using plant data that allow us to discern tasks, occupations, and workforce skills. Offshoring is associated with a statistically significant shift towards more...
Persistent link: https://www.econbiz.de/10004964424
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Around the European Periphery 1870-1913: Globalization, Schooling and Growth
O'Rourke, Kevin Hjortshøj; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 1996
globalization was by far the dominant force accounting for convergence (and divergence) around the periphery. Some exploited it well …
Persistent link: https://www.econbiz.de/10005124320
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Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization
O'Rourke, Kevin Hjortshøj - C.E.P.R. Discussion Papers - 2003
The aim of the Paper is to see whether individuals’ attitudes towards globalization are consistent with the predictions …-skilled are pro-globalization in rich countries; while in some of the very poorest countries in the sample being high-skilled has … a negative (if statistically insignificant) impact on pro-globalization sentiment. More generally, an interaction term …
Persistent link: https://www.econbiz.de/10005661671
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Globalization, Industrial Policy and Clusters
Forslid, Rikard; Ulltveit-Moe, Karen-Helene - C.E.P.R. Discussion Papers - 2002
This Paper analyses industrial policy in a high wage open economy hosting an agglomeration consisting of vertically linked upstream and downstream firms. We show that optimal policy towards upstream industries typically differ from the optimal policy towards downstream industries....
Persistent link: https://www.econbiz.de/10005661682
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The arrival of cheap goods: Measuring the impact of Chinese import competition on Nordic prices
Auer, Raphael; Fischer, Andreas M; Kropf, Andreas - C.E.P.R. Discussion Papers - 2011
manufacturing sectors from 1995 to 2008, instrumental variable estimations predict that when Chinese imports capture a 1% increase …
Persistent link: https://www.econbiz.de/10009275961