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To Fire or to Hoard? Explaining Japan’s Labor Market Response in the Great Recession
Steinberg, Chad; Nakane, Masato - International Monetary Fund (IMF) - 2011
the global financial crisis. Our findings suggest that: (i) employment responsiveness has been historically low but rising … historical patterns once we control for the size of the output shock; and (iii) the comparatively lower employment response vis …-à-vis other countries can in part be explained by the quick implementation of an employment subsidy program, a more flexible wage …
Persistent link: https://www.econbiz.de/10008839361
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The Impact of U.S. Economic Growthon the Rest of the World; How Much Does it Matter?
Vamvakidis, Athanasios; Arora, Vivek B. - International Monetary Fund (IMF) - 2001
This paper provides a quantitative assessment of the impact of economic growth in the United States on growth in other countries. Using panel data estimation, the paper finds a significant positive impact of U.S. growth on growth in the rest of the world, especially developing countries, during...
Persistent link: https://www.econbiz.de/10005769024
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Do South-South Trade Agreements Increase Trade? Commodity-Level Evidence from COMESA
Mayda, Anna Maria; Steinberg, Chad - International Monetary Fund (IMF) - 2007
South-South trade agreements are proliferating: Developing countries signed 70 new agreements between 1990 and 2003. Yet the impact of these agreements is largely unknown. This paper focuses on the static effects of South-South preferential trade agreements stemming from changes in trade...
Persistent link: https://www.econbiz.de/10005769302
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The Implications of South African Economic Growth for the Rest of Africa
Arora, Vivek B.; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2005
This paper measures the extent to which South African economic growth is an engine of growth in sub-Saharan Africa. Results based on panel data estimation for 47 African countries over four decades suggest that South African growth has a substantial positive impact on growth in the rest of...
Persistent link: https://www.econbiz.de/10005599760
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How Much Do Trading Partners Matter for Economic Growth?
Arora, Vivek B.; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2004
This paper empirically examines the extent to which a country's economic growth is influenced by its trading partner economies. Panel estimation results based on four decades of data for over 100 countries show that trading partners' growth and relative income levels have a strong effect on...
Persistent link: https://www.econbiz.de/10005605092
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China's Economic Growth; International Spillovers
Vamvakidis, Athanasios; Arora, Vivek B. - International Monetary Fund (IMF) - 2010
This paper presents some facts on China’s role in the world economy and measures the impact of China’s growth on growth in the rest of the world in the short and long term. Short-run estimates based on VARs and error-correction models suggest that spillover effects of...
Persistent link: https://www.econbiz.de/10008560430
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Regional Wage Differentiation and Wage Bargaining Systems in the EU
Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2008
The theoretical literature has argued that a centralized wage bargaining system may result in low regional wage differentiation and high regional unemployment differentials. The empirical literature has found that centralized wage bargaining leads to lower wage inequality for different skills,...
Persistent link: https://www.econbiz.de/10005264211
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Economic Growth in Croatia; Potential and Constraints
Moore, David; Vamvakidis, Athanasios - International Monetary Fund (IMF) - 2007
This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia's potential growth rate at 4-4½ percent, a result reasonably robust to different methodologies....
Persistent link: https://www.econbiz.de/10005599301
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Can Women Save Japan?.
Steinberg, Chad - 2012
? -- IV. Women to the Rescue: Policies to Raise FLP in Japan -- A. Hurdle 1: Employment and Promotion Policies -- B. Hurdle 2 …
Persistent link: https://www.econbiz.de/10012690168