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exogenous to Bangladesh, we instrument export demand with OECD imports to ensure identification. We compare estimates of the …-run, general-equilibrium neoclassical trade theory. As in other studies, we find that the export shock was localized both in terms …This paper studies how a positive export shock - the sharp increase in garment-sector exports that began at the end of …
Persistent link: https://www.econbiz.de/10012838506
The various channels through which a reduction in the cost of offshoring can improve wages in a developed country are by now well understood. But does a similar reduction in the offshoring cost also benefit workers in the world's factories in developing countries? Using a parsimonious...
Persistent link: https://www.econbiz.de/10012989829
Various development objectives are worthy, but to my mind, one objective dominates all others: reducing the scourge of …
Persistent link: https://www.econbiz.de/10013087872
explores the links between countries' business conditions and international trade embedment and the default risk at the country … derive sharp predictions concerning how key factors which shape a country's business and trade environment impact on the …
Persistent link: https://www.econbiz.de/10013128748
Donor aid organizations (DAOs) are multi-layered and multi-dimensional bureaucracies with many departments trying to find solutions to problems for countries, investing staff resources and effort into having an effect. A department may come into conflict with other departments because of...
Persistent link: https://www.econbiz.de/10013031606
issue: the complex relationship of development and migration. Since the beginning of the 1990s several arguments have been … discussed which hint at the possibility that progress in development of less developed regions might lead to more migration …
Persistent link: https://www.econbiz.de/10013321393
We construct a model of offshoring with externalities and firm heterogeneity. Due to the presence of externalities, temporary shocks like the Y2K problem can have permanent effects, i.e., they can permanently raise the extent of offshoring in an industry. Also, the initial advantage of a country...
Persistent link: https://www.econbiz.de/10014049472
This paper considers labor market adjustments following a large import shock in the German clothing industry caused by the phasing out of the Multi-Fibre Arrangement. Using the German shoe industry as a control group and administrative data, we study adjustments on the individual and firm level...
Persistent link: https://www.econbiz.de/10013153171
Today's labor-scarce economies have open trade and closed immigration policies, while a century ago they had just the … opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost … in the net fiscal impact of trade relative to immigration, and changes in the median voter. The paper also offers …
Persistent link: https://www.econbiz.de/10012754289
This paper examines micro-level channels of how financial development can affect macroeconomic outcomes like the level … of income and export intensity. We investigate theoretically and empirically how financial constraints affect a firm …'s innovation and export activities, using unique firm survey data which provides direct measures for innovations and firm …
Persistent link: https://www.econbiz.de/10013039087