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On the determinants of labour market institutions : rent-sharing vs. social insurance

Agell, Jonas - 2000

What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...

Persistent link: https://www.econbiz.de/10009786721

Globalisation and the slope of the Phillips curve

Kohlscheen, Emanuel; Moessner, Richhild - 2021

We study the effects of globalisation on the slope of the New Keynesian Phillips curve for CPI inflation, based on a broad panel of 35 countries and controlling for possibly non-linear exchange rate effects. We find that the output gap generally has a significant positive effect on inflation,...

Persistent link: https://www.econbiz.de/10012653311

Revisiting the relationship between trade liberalization and taxation

Arezki, Rabah; Dama, Alou Adessé; Graziosi, Grégoire Rota - 2021

This paper explores the dynamic effects of trade liberalization on tax revenue using a worldwide panel dataset. Results point to statistically significant negative effect of liberalization on (non- resource) tax revenues in the short term and no significant effect in the medium term....

Persistent link: https://www.econbiz.de/10012603019

The quantitative importance of openness in development

Cai, Wenbiao; Ravikumar, B.; Riezman, Raymond Glenn - 2013

This paper deals with a classic development question: how can the process of economic development - transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology - be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...

Persistent link: https://www.econbiz.de/10010189831

Nontradable goods and fiscal multipliers

Crespo Cuaresma, Jesús; Glocker, Christian - 2020

We assess the role that nontradable goods play as a determinant of fiscal spending multipliers, making use of a two-sector model. While fiscal multipliers increase with the share of nontradable goods, an inverted U-shaped relationship exists between multiplier size and the import share....

Persistent link: https://www.econbiz.de/10012270412

Growth gains from trade

Marjit, Sugata; Basu, Anwesha; Veeramani, C. - 2019 - This Draft: October, 2019

This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … output and global input output tables to construct the measures of trade openness, our empirical analysis covering 21 … countries, 30 industries and 15 years reveals that trade openness in terms of intermediate and capital goods lead to economic …

Persistent link: https://www.econbiz.de/10012120367

Religious tolerance as engine of innovation

Cinnirella, Francesco; Streb, Jochen - 2017

We argue that, for a given level of scientific knowledge, tolerance and diversity are conducive to technological creativity and innovation. In particular, we show that variations in innovation within Prussia during the second industrial revolution can be ascribed to differences in religious...

Persistent link: https://www.econbiz.de/10011774957

Market structure, technology spillovers, and persistence in productivity differentials

Cheung, Yin-Wong; Pascual, Antonio I. Garcia - 2001

Using data from 11 main manufacturing industries in 17 OECD countries, this paper empirically investigates the determinants of cross-country differences in the persistence of productivity differentials Specifically, we focus on the effects of product market structure and technology diffusion. It...

Persistent link: https://www.econbiz.de/10011399314

Unraveling firms : demand, productivity and markups heterogeneity

Forlani, Emanuele; Martin, Ralf; Mion, Giordano; Muls, … - 2016 - First draft: 16th June 2015. This draft: January 15, 2016

We develop a new econometric framework that simultaneously allows recovering heterogeneity in demand, TFP and markups across firms while leaving the correlation among the three unrestricted. We do this by systematically exploiting assumptions that are implicit in previous firm-level productivity...

Persistent link: https://www.econbiz.de/10011417711

Market size and TFP in new new trade theory

Felbermayr, Gabriel; Jung, Benjamin - 2015

Recent trade theory in the Krugman (1980) tradition predicts that countries with larger market size enjoy higher levels of total factor productivity (TFP) - and equivalently of real per capita income or welfare - as a smaller fraction of spending on inputs is affected by trade costs. However, in...

Persistent link: https://www.econbiz.de/10011375682