Showing 1 - 10 of 989
This paper finds a link between the sharp drop in U.S. manufacturing employment beginning in 2001 and a change in U ….S. trade policy that eliminated potential tariff increases on Chinese imports. Industries where the threat of tariff hikes … declines the most experience more severe employment losses along with larger increases in the value of imports from China and …
Persistent link: https://www.econbiz.de/10010328710
much more than before. Introducing finance affects trade patterns with unemployment and especially with imperfect credit … their impact on production, trade and unemployment. The paper has policy implications for role of financial development …This paper attempts to build up a Heckscher-Ohlin-Samuelson model of production and trade where capital is introduced …
Persistent link: https://www.econbiz.de/10013266637
This paper introduces finance or credit in the Dixit-Stiglitz-Krugman (DSK) model of international trade. It identifies … income distribution. With a minimum wage and unemployment availability of credit affects number of varieties. With imperfect … output per variety. Thus, availability of finance will determine a specific trade pattern between richer and poorer nations …
Persistent link: https://www.econbiz.de/10013353416
Dixit and Stiglitz (1977) with applications in international trade by Krugman (1979,1980), by modeling fixed and variable … pattern of trade between varieties and output per variety, which is indeterminate in a standard single good Dixit …-Stiglitz-Krugman model. Later we reflect on wage inequality and unemployment providing some interesting results. …
Persistent link: https://www.econbiz.de/10012657962
We present a dynamic quantitative trade and migration model that incorporates downward nominal wage rigidities and show … how this framework can generate changes in unemployment and labor participation that match those uncovered by the ….S. states, including many that experience unemployment during the transition. However, nominal rigidities reduce the overall U …
Persistent link: https://www.econbiz.de/10013427768
This paper examines the relationship between financial development, CO2 emissions, trade and economic growth using … is evidence of bidirectional causality between CO2 emissions and economic growth. Economic growth and trade openness are … interrelated i.e. bidirectional causality. Feedback hypothesis is validated between trade openness and financial development …
Persistent link: https://www.econbiz.de/10010480854
This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …
Persistent link: https://www.econbiz.de/10010276423
implied by new unemployment claims: we estimate 20 million lost jobs by April 8th, far more than jobs lost over the entire … rise in the unemployment rate over the corresponding period to be surprisingly small, only about 2 percentage points. Third …
Persistent link: https://www.econbiz.de/10012208003
This paper sheds new light on the effects of the minimum wage on employment from a two-sided theoretical perspective … incentives and increase job acceptance incentives. We show that sufficiently low minimum wages may do no harm to employment …
Persistent link: https://www.econbiz.de/10010398665
developments. Institutional factors, such as a trend increase in the generosity of unemployment insurance, caused some secular rise …By international standards, unemployment in Sweden remained remarkably low throughout the 1970s and the 1980s. In the … early 1990s, however, the unemployment rate skyrocketed and hit double-digit levels. Unemployment remained high for several …
Persistent link: https://www.econbiz.de/10010315711