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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

Free trade agreements and the consolidation of democracy

Liu, Xuepeng; Ornelas, Emanuel - London School of Economics (LSE) - 2013

We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...

Persistent link: https://www.econbiz.de/10010884636

The ASEAN Free Trade Agreement: impact on trade flows and external trade barriers

Calvo-Pardo, Hector; Freund, Caroline; Ornelas, Emanuel - London School of Economics (LSE) - 2009

Using detailed data on trade and tariffs from 1992-2007, we examine how the ASEAN Free Trade Agreement has affected trade with non-members and external tariffs facing non-members. First, we examine the effect of preferential and external tariff reduction on import growth from ASEAN insiders and...

Persistent link: https://www.econbiz.de/10010745301

The effect of trade liberalization on informality and wages: evidence from Mexico

Aleman-Castilla, Benjamin - London School of Economics (LSE) - 2006

This paper studies the impact of NAFTA on informality and real wages in Mexico. Using a dynamic industry model with … most productive firms, and an increase in real wages due to the increased labour demand by these firms. Using data on … import tariffs is related to an increase in real wages, and that the elimination of the U.S. import tariff has contributed to …

Persistent link: https://www.econbiz.de/10010746201

Regional trade agreements

Freund, Caroline; Ornelas, Emanuel - London School of Economics (LSE) - 2009

This paper reviews the theoretical and the empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the last fifteen years. The discriminatory character of these agreements has raised three main...

Persistent link: https://www.econbiz.de/10010746650

From selling goods to selling services: firm responses to trade liberalization

Breinlich, Holger; Soderbery, Anson; Wright, Greg C. - London School of Economics (LSE) - 2014

In the face of trade liberalization domestic firms are often forced out of the market, whereas others adapt and survive. In this paper we focus on a new channel of adaptation, namely the shift toward increased provision of services in lieu of goods production. We exploit variation in EU trade...

Persistent link: https://www.econbiz.de/10011126040

Does regionalism affect trade liberalization towards non-members?

Estevadeordal, Antoni; Freund, Caroline; Ornelas, Emanuel - London School of Economics (LSE) - 2008

We examine the effect of regionalism on unilateral trade liberalization using industry-level data on applied MFN tariffs and bilateral preferences for ten Latin American countries from 1990 to 2001. We find that preferential tariff reduction in a given sector leads to a reduction in the external...

Persistent link: https://www.econbiz.de/10011071273

Trade liberalization and heterogeneous firm models: an evaluation using the Canada - US Free Trade Agreement

Breinlich, Holger; Cuñat, Alejandro - London School of Economics (LSE) - 2010

We examine the qualitative and quantitative predictions of a heterogeneous firm model à la Melitz (2003) in the context of the Canada - US Free Trade Agreement (CUSFTA) of 1989. We calibrate our model to the pre-trade liberalization stage, simulate the trade liberalization, and compute the...

Persistent link: https://www.econbiz.de/10011071519