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Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China …, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and … globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 …
Persistent link: https://www.econbiz.de/10014401060
. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the …
Persistent link: https://www.econbiz.de/10014399941
; while among those with low initial exposure, the globalization of trade and structural transformation have prevailed and …
Persistent link: https://www.econbiz.de/10011878748
Persistent link: https://www.econbiz.de/10009486216
Persistent link: https://www.econbiz.de/10010359857
liabilities held by countries, especially in the developing world. This paper constructs estimates of foreign assets and …
Persistent link: https://www.econbiz.de/10014400751
Research shows that international trade is an important channel for the transfer of technology. Building on this evidence, this paper examines the effects of inter- and intraindustry trade on technology transfer. The paper develops and tests the hypothesis that intraindustry trade stimulates...
Persistent link: https://www.econbiz.de/10014400972
This paper tests for uncovered interest parity (UIP) using daily data for 23 developing and developed countries through the crisis-strewn 1990s. We find that UIP works better on average in the 1990s than in previous eras in the sense that the slope coefficient from a regression of exchange rate...
Persistent link: https://www.econbiz.de/10014401450
Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact...
Persistent link: https://www.econbiz.de/10014402504
Recent years have witnessed a change in the composition of capital flows to developing countries, and FDI and equity flows have been playing an increasing role. In this paper we discuss the challenges for international macroeconomics that these developments pose and characterize stylized facts...
Persistent link: https://www.econbiz.de/10014403502