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globalization on the labor market outcomes of these workers. We find that higher foreign competition leads to more incentive …
Persistent link: https://www.econbiz.de/10003385001
How will international integration affect welfare policies? This paper considers the possibilities of financing public sector activities (public consumption and social security expenses) by general (wage) taxation in an economy which becomes more integrated in international product markets. Even...
Persistent link: https://www.econbiz.de/10011401063
We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...
Persistent link: https://www.econbiz.de/10011853655
Has rising import competition contributed to the polarization of U.S. politics? Analyzing multiple measures of political expression and results of congressional and presidential elections spanning the period 2000 through 2016, we find strong though not definitive evidence of an ideological...
Persistent link: https://www.econbiz.de/10012315433
globalization on firm-level performance along four dimensions: ownership of capital, employment of foreign-seasoned managers, and …
Persistent link: https://www.econbiz.de/10013502260
Globalization brings opportunities and pressures for domestic firms in emerging market economies to innovate and … globalization through the impact of increased competition and foreign direct investment on domestic firms’ efforts to raise …
Persistent link: https://www.econbiz.de/10003652694
This paper provides evidence from a natural experiment on the importance of workers' tacit knowledge about firms' intangible assets for competition in product and labor markets. Evidence is presented on product and labor market imperfections across manufacturing and services firms in the...
Persistent link: https://www.econbiz.de/10015052821
This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...
Persistent link: https://www.econbiz.de/10003900012
The validity of existing empirical tests of the Pollution Haven Hypothesis (PHH) is constantly under scrutiny due to two shortcomings. First, the issues of unobserved heterogeneity and measurement error in environmental regulation are typically ignored due to the lack of a credible, traditional...
Persistent link: https://www.econbiz.de/10009315496
We study fiscal devaluation in a small-open economy with labor market search frictions. Our analysis shows the key role of both dimensions in shaping the optimal tax scheme. By reducing labor market distortions, the tax reform is welfare-improving. Yet, as it makes imports more expensive, fiscal...
Persistent link: https://www.econbiz.de/10009548862