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The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10003831857
This study explores the effects of globalization on gender inequality. Specifically, we depict that, in terms of capital market integration, globalization alters the gender gap in wage rates through changes in labor demand for capital-intensive sectors. Consequently, globalization leads to...
Persistent link: https://www.econbiz.de/10011925357
as they attempt to reform their frameworks for financial regulation. These economies are striving to balance the quest … objectives can in fact reinforce one another. I also discuss aspects of macroeconomic policies and cross-border regulation that … regulation ; financial development ; emerging markets ; financial inclusion …
Persistent link: https://www.econbiz.de/10009153059
This paper outlines the importance of labor mobility for the improvement in allocating and distributing economic resources. We are faced with an increasing lack of skilled workers and a growing tendency of unemployment amongst the low-skilled. A central political objective for the future will...
Persistent link: https://www.econbiz.de/10003809161
Financial crisis can trigger policy reversals, i.e. they can lead to a process of re- regulation of financial markets …
Persistent link: https://www.econbiz.de/10012022690
This paper provides robust estimates of the impact of both product and labour market regulations on unemployment using data for 24 European countries over the period 1998-2013. Controlling for country-fixed effects, endogeneity and a large set of covariates, results show that product market...
Persistent link: https://www.econbiz.de/10011871988
efficiency arguments are questionable, because of the disemployment effects of strict regulation. Regulation is better explained … rationally desires strict regulation to divert rent from other groups such as the skilled workers and the unemployed. Legal … tradition. Given a predisposition to intervene, these countries begin with some degree of labour regulation, which then creates …
Persistent link: https://www.econbiz.de/10003497972
We construct objective measures of privatization, internal and external liberalization reform efforts, across countries over time, and investigate their determinants, reversals and macroeconomic impacts. We find that GDP growth determines external liberalization and privatization, concentration...
Persistent link: https://www.econbiz.de/10003310965
In this paper, I analyze India's approach to capital account liberalization through the lens of the new literature on financial globalization. India's authorities have taken a cautious and calibrated path to capital account opening, which has served the economy well in terms of reducing its...
Persistent link: https://www.econbiz.de/10003794018
This paper explores the impact of financial liberalization on the migration of high skilled labor from 46 countries to the OECD, taken at five year intervals over the period 1985-2000. Using an exploratory factor analysis, we are able to distinguish between two dimensions of financial...
Persistent link: https://www.econbiz.de/10009380417