Showing 1 - 10 of 1,134
This paper studies the impact of U.S. immigration barriers on global knowledge production. We present four key findings …. First, among Nobel Prize winners and Fields Medalists, migrants to the U.S. play a central role in the global knowledge …-histories of International Math Olympiad (IMO) medalists, we show that migrants to the U.S. are up to six times more productive …
Persistent link: https://www.econbiz.de/10012518315
-level administrative data - that large immigration flows since 2012 have had dampening effects on aggregate wage growth, as complementarity …
Persistent link: https://www.econbiz.de/10012155220
This paper uses census and household survey data on Cameroon, Ghana, and South Africa to examine immigration's impact … in the context of a segmented labor market in Sub-Saharan Africa. We find that immigration affects (i) employment (ii … the impact depends on the degree of complementarity between immigrants and native workers' skills. Immigration is found to …
Persistent link: https://www.econbiz.de/10012300611
While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no … combining information on the number of temporary work visas with data on lobbying activity associated with immigration. We find … robust evidence that both pro- and anti-immigration interest groups play a statistically significant and economically …
Persistent link: https://www.econbiz.de/10014401673
Persistent link: https://www.econbiz.de/10010360009
This paper focusses on income inequality in Asia, its drivers and policies to combat it. It finds that income inequality has risen in most of Asia, in contrast to many regions. While in the past, rapid growth in Asia has come with equitable distribution of the gains, more recently fast-growing...
Persistent link: https://www.econbiz.de/10011445358
Persistent link: https://www.econbiz.de/10010479436
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that...
Persistent link: https://www.econbiz.de/10014275788
This paper explores the contribution of credit growth and the composition of credit portfolio (corporate, consumer, and housing credit) to economic growth in emerging market economies (EMs). Using cross-country panel regressions, we find significant impact of credit growth on real GDP growth,...
Persistent link: https://www.econbiz.de/10011373994
We investigate the issue of model uncertainty in cross-country growth regressions using Bayesian model averaging (BMA). We find that the posterior probability is distributed among many models, suggesting the superiority of BMA over any single model. Out-of-sample predictive results support that...
Persistent link: https://www.econbiz.de/10014400642