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A Cointegration Model for Search Equilibrium Wage Formation

International Monetary Fund (IMF); International … - 2004

In flow models of the labor market, wages are determined by negotiations between workers and employers on the surplus …

Persistent link: https://www.econbiz.de/10005604781

Job-Specific Investment and the Cost of Dismissal Restrictions; The Case of Portugal

Takizawa, H. - International Monetary Fund (IMF) - 2003

Using a search and matching labor market equilibrium model, this paper quantifies lost labor productivity and consumption per worker that emerges from the restrictions on dismissals. Dismissal restrictions hamper the efficient reallocation of workers, with workers remaining longer in jobs. But...

Persistent link: https://www.econbiz.de/10005604782

Institutions, Informality, and Wage Flexibility; Evidence From Brazil

Filho, Irineu E. Carvalho; Estevão, Marcello M. - International Monetary Fund (IMF) - 2012

institutional changes introduced by the 1988 Constitution lowered the sensitivity of real wages to changes in labor market slack and …

Persistent link: https://www.econbiz.de/10011242295

Productivity Growth and Structural Reform in Bulgaria; Restarting the Convergence Engine

Pouvelle, Cyril; Mitra, Pritha - International Monetary Fund (IMF) - 2012

Labor productivity levels in Bulgaria lag well behind that in the EU, weighing on the convergence process. Stronger productivity growth would allow Bulgaria to close the income gap with the EU average more quickly and to alleviate the structural problems in its labor market, reflected in its...

Persistent link: https://www.econbiz.de/10011242306

Africa's Got Work to Do; Employment Prospects in the New Century

Fox, Louise; Haines, Cleary; Munoz, Jorge Huerta; … - International Monetary Fund (IMF) - 2013

Estimates of the current and future structure of employment in sub-Saharan Africa (2005–20) are obtained based on … household survey estimates for 28 countries and an elasticity-type model that relates employment to economic growth and … employment, means that even if sub-Saharan Africa realizes another decade of strong growth, the share of labor force employed in …

Persistent link: https://www.econbiz.de/10011242333

Intra-Arab Trade; Is it too Little?

Yousef, Tarik; Al-Atrash, Hassan - International Monetary Fund (IMF) - 2000

This paper estimates a gravity model to address the issue of whether intra-Arab trade is too little. Although gravity models have been extensively used to measure bilateral trade among countries, they have—to the best of our knowledge—never been used to measure intra-Arab trade. Our results...

Persistent link: https://www.econbiz.de/10005769204

Stylized Factson Bilateral Trade and Currency Unions; Implications for Africa

Hulej, Michal; Tsangarides, Charalambos G.; Ewenczyk, Pierre - International Monetary Fund (IMF) - 2006

This paper explores and quantifies several aspects of the performance of currency unions using an augmented version of the gravity model and focusing on two samples, the world and Africa. Our empirical findings suggest that, in principle, membership in a currency union should benefit Africa as...

Persistent link: https://www.econbiz.de/10005599381

The WTO Promotes Trade, Strongly But Unevenly

Wei, Shang-Jin; Subramanian, Arvind - International Monetary Fund (IMF) - 2003

This paper furnishes robust evidence that the GATT/WTO has had a powerful and positive impact on trade. The impact has, however, been uneven. GATT/WTO membership for industrial countries has been associated with a large increase in imports estimated at about 40 percent of world trade. The same...

Persistent link: https://www.econbiz.de/10005599641

Global Financial Crisis, Financial Contagion, and Emerging Markets

Ozkan, F. Gulcin; Unsal, D. Filiz - International Monetary Fund (IMF) - 2012

The recent global financial crisis was the first in recent history that was triggered by problems in the financial system of the mature economies. Existing work on financial crisis in emerging market countries, however, almost exclusively focus on the role of financial frictions in the domestic...

Persistent link: https://www.econbiz.de/10010790294

The Global Impact of the Systemic Economies and MENA Business Cycles

Cashin, Paul; Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2012

This paper analyzes spillovers from macroeconomic shocks in systemic economies (China, the Euro Area, and the United States) to the Middle East and North Africa (MENA) region as well as outward spillovers from a GDP shock in the Gulf Cooperation Council (GCC) countries and MENA oil exporters to...

Persistent link: https://www.econbiz.de/10010790399