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Aggregation, the Skill Premium, and the Two-Level Production Function
Leon-Ledesma, Miguel A. - 2011
We examine the two-level nested Constant Elasticity of Substitution production function where both capital and labor are disaggregated in two classes. We propose a normalized system estimation method to retrieve estimates of the inter- and intra-class elasticities of substitution and factor...
Persistent link: https://www.econbiz.de/10013118952
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US, Japan and the euro area: comparing business-cycle features
McAdam, Peter - 2003
There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...
Persistent link: https://www.econbiz.de/10011604329
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Cross-border currency exposures: New evidence based on an enhanced and updated dataset
Bénétrix, Agustín; Gautam, Deepali; Juvenal, Luciana; … - 2020
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods....
Persistent link: https://www.econbiz.de/10012422079
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Structural asymmetries and financial imbalances in the eurozone
Jaccard, Ivan; Smets, Frank - 2017
Almost two decades after the introduction of the common currency, differences in institutional frameworks remain a major source of cross-country heterogeneity in the eurozone. We develop a two-country model with incomplete international markets in which the availability of credit depends on the...
Persistent link: https://www.econbiz.de/10011804391
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Structural Asymmetries and Financial Imbalances in the Eurozone
Jaccard, Ivan - 2017
Almost two decades after the introduction of the common currency, differences in institutional frameworks remain a major source of cross-country heterogeneity in the eurozone. We develop a two-country model with incomplete international markets in which the availability of credit depends on the...
Persistent link: https://www.econbiz.de/10012953871
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Cross-Border Currency Exposures : New Evidence Based on an Enhanced and Updated Dataset
Bénétrix, Agustín S. - 2020
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods....
Persistent link: https://www.econbiz.de/10012832883
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International trade, technological shocks and spillovers in the labour market: A GVAR analysis of the US manufacturing sector
Hiebert, Paul; Vansteenkiste, Isabel - 2007
We empirically analyse the response of US manufacturing labour market variables to various shocks, notably to trade … openness and technology. The econometric approach involves an application of the recently developed global VAR (GVAR …) methodology of D¶ees, DiMauro, Pesaran, and Smith (2005) to 12 manufacturing industries over the period 1977-2003. This frame …
Persistent link: https://www.econbiz.de/10011604777
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Trade with central and eastern Europe: Is it really a threat to wages in the west?
Polgár, Éva Katalin; Wörz, Julia - 2010
This paper analyses the relationship between openness to trade and wages at the industry level (15 manufacturing …
Persistent link: https://www.econbiz.de/10011605290
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Wage structure effects of international trade: evidence from a small open economy
Du Caju, Philip; Rycx, François; Tojerow, Ilan - 2011
In the last decades, international trade has increased between industrialised countries and between high- and low-wage countries. This important change has raised questions on how international trade affects the labour market. In this spirit, this paper aims to investigate the impact of...
Persistent link: https://www.econbiz.de/10011605371
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Managers’ mobility, trade performance, and wages
Mion, Giordano; Opromolla, Luca David - 2013
Knowledge is key to the success of a firm. Firms and their managers acquire knowledge via channels which are often difficult to track down and quantify. By matching employer-employee data with trade data at the firm level we show that the export experience acquired by managers in previous firms...
Persistent link: https://www.econbiz.de/10011605641