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De Grauwe, Paul; Polan, Magdalena - 2003

We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...

Persistent link: https://www.econbiz.de/10011506440

Low skill but high volatility?

Buch, Claudia M.; Pierdzioch, Christian - 2009

Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low … test the predictions of the model. Our results show that greater financial globalization and development increases the … dampening impact. -- labor-market volatility ; skill levels ; financial globalization …

Persistent link: https://www.econbiz.de/10003850520

Globalization, redistribution, and the composition of public education expenditures

Baskaran, Thushyanthan; Hessami, Zohal - 2010

We analyze whether globalization affects the composition of public expenditures for education by integrating arguments … towards lower education. In industrialized countries, on the other hand, globalization has an ambiguous effect on the …-2006 period.--globalization ; public education ; composition of public spending …

Persistent link: https://www.econbiz.de/10003928775

Global uncertainty

Caggiano, Giovanni; Castelnuovo, Efrem - 2021

We estimate a novel measure of global financial uncertainty (GFU) with a dynamic factor framework that jointly models global, regional, and country-specific factors. We quantify the impact of GFU shocks on global output with a VAR analysis that achieves set-identification via a combination of...

Persistent link: https://www.econbiz.de/10012431805

Real convergence, capital flows, and competitiveness in Central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2009

The paper scrutinizes the role of wages and capital flows for competitiveness in the new EU member states in the context of real convergence. For this purpose it extends the seminal Balassa-Samuelson model by international capital markets. The augmented Balassa-Samuelson model is linked to the...

Persistent link: https://www.econbiz.de/10003897541

Bank competition, asset allocations and risk of failure : an empirical investigation

Boyd, John H.; De Nicolò, Gianni; Jalal, Abu M. - 2010

This study is an empirical investigation of theoretical predictions concerning the impact of bank competition on bank risk and asset allocations. Recent work (Boyd, De Nicolò and Jalal, 2009, BDNJ henceforth) predicts that as competition in banking increases, the loan-to-asset ratio will rise...

Persistent link: https://www.econbiz.de/10008697517

Real convergence, capital flows, and competitiveness in Central and Eastern Europe

Belke, Ansgar; Schnabl, Gunther; Zemanek, Holger - 2010

Persistent link: https://www.econbiz.de/10008907306

The dark side of international cross-listing : effects on rival firms at home

Melvin, Michael (contributor); Valero, Magali (contributor) - 2007

Persistent link: https://www.econbiz.de/10003624831

Short-term price effects of a carbon tax and implications for sectors competitiveness in small open economies

Gonne, Nicolas - 2010

Asymmetric climate policies are expected to distort the level-playing field regarding international trade, singularly to the detriment of small open economies. The paper develops a flexible method that provides essential input regarding the design of offsetting measures. It builds on...

Persistent link: https://www.econbiz.de/10008749036

Environmental regulation and competitiveness : evidence from Romania

Arouri, Mohamed; Caporale, Guglielmo Maria; Rault, … - 2012

According to the pollution haven hypotheses differences in environmental regulation affect trade flows and plant location. Specifically, environmental stringency should decrease exports and increase imports of "dirty" goods. This paper estimates a gravity model to establish whether the...

Persistent link: https://www.econbiz.de/10009581725

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