Showing 1 - 10 of 163
. This paper analyses the causal impact of such extensions on employment using a natural experiment in Portugal: the … on employment growth. Moreover, the effects tend to be concentrated among non-affiliated firms. The lack of …
Persistent link: https://www.econbiz.de/10011711799
operating mainly in domestic markets. On the back of a trend increase in production offshoring, investment by large companies …
Persistent link: https://www.econbiz.de/10011373921
Existing studies on the downward trend in the labor share of income mostly focus on changes within individual countries. I document, however, that half of the global decline in the labor share of income can be traced to the relocation of activities between countries. I develop a two-country...
Persistent link: https://www.econbiz.de/10012102085
The paper takes a closer look at offshore banking—a pervasive practice that has played a role in recent crises. Offshore banking is an increasingly attractive alternative to the sometimes heavily regulated financial markets of emerging economies. From a microeconomic vantage point, offshore...
Persistent link: https://www.econbiz.de/10014400706
This paper uses a vertical differentiation duopoly framework to analyze firms’ relocation decisions, when the removal of trade barriers or restrictions on capital outflows or inflows (“globalization”) allows them to serve the domestic market through foreign plants in low-wage countries....
Persistent link: https://www.econbiz.de/10014400720
This paper estimates the effects of offshoring on productivity in U.S. manufacturing industries between 1992 and 2000 …, using instrumental variables estimation to address the potential endogeneity of offshoring. It finds that service offshoring … during this period. Offshoring material inputs also has a positive effect on productivity, but the magnitude is smaller …
Persistent link: https://www.econbiz.de/10014401505
Non-deliverable forward (NDF) markets in many Asian emerging market currencies are large, rapidly growing, and often exceed onshore markets in transaction volume. NDFs tend to price significant depreciation during market stress episodes including COVID-19. Spillovers from NDFs to onshore markets...
Persistent link: https://www.econbiz.de/10012301975
This paper examines the endogeneity of several structural variables which enter unemployment rate equations—the generosity of unemployment benefits, nonwage labor costs, the relative minimum wage, and the degree of unionization. It finds evidence of reverse causality for these structural...
Persistent link: https://www.econbiz.de/10014396024
higher output and employment than a decentralized system? Second, what is the relationship between the degree of wage …
Persistent link: https://www.econbiz.de/10014399569
This paper examines the effect of unionization on welfare and trade policy in a model of duopolists competing in a third market. It shows that the traditional result that the presence of a union necessitates a stronger strategic trade policy to reach the optimal level of welfare depends on the...
Persistent link: https://www.econbiz.de/10014399876