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This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
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wisdom that globalization has increased the degree of synchronization of business cycles. The evidence that trade and …
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Intro -- Contents -- I. INTRODUCTION -- II. LITERATURE REVIEW -- III. EMPIRICAL STRATEGY -- IV. RESULTS -- V. CONCLUSIONS -- Appendix I. Compensation Share -- Appendix II. A First Pass at Data: Bivariate Regression Results -- Appendix III. Correlation Matrix of Explanatory Variables -- Appendix...
Persistent link: https://www.econbiz.de/10012691218
We estimate a gravity model to address the question of whether Africa’s bilateral trade with industrial countries is “unusual” compared with other developing country regions. Our main finding is that the unusually low level of African trade is explained by economic size, geographical...
Persistent link: https://www.econbiz.de/10014400668
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Contents -- I. INTRODUCTION -- II. HOW GLOBALIZED IS LABOR? -- III. HOW HAS THE GLOBALIZATION OF LABOR AFFECTED WORKERS … IN ADVANCED ECONOMIES -- IV. LABOR SHARE AND THE GLOBALIZATION OF LABOR: AN EMPIRICAL EXAMINATION -- V. THE STORY BEHIND … THE DECLINE OF THE LABOR SHARE -- VI. LABOR COMPENSATION PER WORKER, EMPLOYMENT, AND LABOR GLOBALIZATION: WHAT CAN WE SAY …
Persistent link: https://www.econbiz.de/10012682150
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …
Persistent link: https://www.econbiz.de/10014401282