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advanced Europe, where wages are more closely related to inflation and inflation expectations in the short run, implying … the build up of a real wage overhang relative to sharply slowing labor productivity, which subsequently dragged on nominal … wage rises even as unemployment began to decline. Spillovers of subdued wage growth between euro area countries also …
Persistent link: https://www.econbiz.de/10012102142
trade from the United States induces productivity growth in developing regions. This spillover capture-aided by absorptive …
Persistent link: https://www.econbiz.de/10014400228
in the probability of being employed within each occupation type and wages earned therein. Cohort plots and econometric … particularly significant for low-skill women: estimated cohort effects point to a fall in wages within each occupation as well as a …
Persistent link: https://www.econbiz.de/10012112127
wages for skilled and unskilled workers. Contrary to conventional wisdom, we find that, at the aggregate level, skilled and … unskilled workers are subject to essentially the same degree of cyclical variation in wages. However, important differences … degree is used as a proxy for skills. We find that the quality of labor input per manhour tends to rise in recessions …
Persistent link: https://www.econbiz.de/10014396186
, and for unskilled labor. The former result contradicts union claims that wages had little relevance for east German job …
Persistent link: https://www.econbiz.de/10014398743
productivity and that they impact the degree of R&D spillovers …The empirical analysis in ""International R&D Spillovers"" (Coe and Helpman, 1995) is first revisited by applying …
Persistent link: https://www.econbiz.de/10014400689
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 China’s growth have...
Persistent link: https://www.econbiz.de/10014402923
productivity growth in U.S. firms between 1987 and 1996. In addition, there is some evidence for import-related spillovers, but it …We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment … (FDI) between 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to substantial productivity …
Persistent link: https://www.econbiz.de/10014403965
This paper highlights key issues pertinent for the understanding of international effects of domestic tax policies and of international tax harmonization. The analytical framework adopts the saving-investment balance approach to the analysis of international economic interdependence focusing on...
Persistent link: https://www.econbiz.de/10014396181
The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a wide range of theoretical and analytical topics, including balance of payments, monetary and fiscal issues, global liquidity, and...
Persistent link: https://www.econbiz.de/10014395947