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This paper aims to provide a critical overview of the drivers that the relevant theoretical and empirical literature suggests being crucial in dealing with the challenges an emerging country may encounter in its attempts to further catch-up a higher income status, with a particular focus devoted...
Persistent link: https://www.econbiz.de/10011916217
, in contrast, that σ is affected by both globalization and technology, and that different intensities in these drivers … substitution between capital and labor is below unity; that it increases along with the degree of globalization; but it decreases …-output ratio on the labor share irrespective of the degree of globalization (which would be consistent with an average aggregate …
Persistent link: https://www.econbiz.de/10011704348
We investigate the interplay of language skills and immigrant stocks in determining bilateral FDI out-stocks of OECD reporting countries. Applying a Poisson panel estimator to 2004-2011 data, we find a robust positive effect of bilateral immigrants on bilateral FDI – provided that residents of...
Persistent link: https://www.econbiz.de/10011347125
I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly … oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national …
Persistent link: https://www.econbiz.de/10011347148
The prevalence of labor unions have declined post-WWII, and this paper examines whether globalization is a contributing … distributional effects of globalization and for the future of organized labor. …
Persistent link: https://www.econbiz.de/10014580754
- globalization, technological advance and financialization (GTF) - that have weakened the connections between economies and societies …
Persistent link: https://www.econbiz.de/10012583534
compositional and cultural diffusion mechanisms. We use the World Value Survey for 1981-2014 to build time-varying measures of …
Persistent link: https://www.econbiz.de/10012648747
Countries restrict the overall extent of international travel and migration to balance the expected costs and benefits of mobility. Given the ever-present threat of new, future pandemics, how should permanent restrictions on mobility respond? A simple theoretical framework predicts that reduced...
Persistent link: https://www.econbiz.de/10012389000
We analyse how changes in international trade integration affect productivity and the functional income distribution. To account for endogeneity, we construct a leave-out measure for international trade integration for country-industry pairs using international input-output tables. First, we...
Persistent link: https://www.econbiz.de/10014246661
The literature on international trade and firm performance grows exponentially. This paper attempts to summarize what we learn from this literature to guide both future empirical and theoretical work in this area, and public debates and policy makers, in an evidence-based way. The focus is on...
Persistent link: https://www.econbiz.de/10009315475