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North-South Trade Liberalization and Returns to Skill in the South : The Case of Mexico

Otero, Rafael; Hazarika, Gautam - 2021

This study examines the effect of NAFTA, an instance of North-South trade liberalization, on returns to skill in Mexico …. Mexico is abundant in low-skill workers relative to the US and Canada, and so, by the Hecksher-Ohlin-Samuelson trade model …, NAFTA ought to have raised the relative earnings of low-skill workers, that is, lowered returns to skill in Mexico. Analysis …

Persistent link: https://www.econbiz.de/10013324881

Monetary Commitment and Structural Reforms : A Dynamic Panel Analysis for Transition Economies

Belke, Ansgar Hubertus - 2012

This paper examines the contemporaneous relationship between the exchange rate regime and structural economic reforms for a sample of CEEC/CIS transition countries. We investigate empirically whether structural reforms are complements or substitutes for monetary commitment in the attempt to...

Persistent link: https://www.econbiz.de/10013099792

Pareto-Improving Structural Reforms

Saint-Paul, Gilles - 2019

Economists recommend to partly redistribute gains to losers from a structural reform, which in many cases may be required for making the reform politically viable. However, taxation is distortionary. Then, it is unclear that compensatory transfers can support a Pareto-improving reform. This...

Persistent link: https://www.econbiz.de/10012896759

Structural Reform in Germany

Krebs, Tom - 2016

This paper provides a quantitative evaluation of the macroeconomic, distributional, and fiscal effects of three reform proposals for Germany: i) a reduction in the social security tax in the low-wage sector, ii) a publicly financed expansion of full-day child care and full-day schooling, and...

Persistent link: https://www.econbiz.de/10012996554

Informality and Macroeconomic Fluctuations

Fiess, Norbert M.; Fugazza, Marco; Maloney, William F. - 2021

with and without wage rigidities. The paper then explores time series data from Argentina, Brazil, Colombia and Mexico to …

Persistent link: https://www.econbiz.de/10013325136

The NAFTA Tide : Lifting the Larger and Better Boats

Calderón Madrid, Angel - 2008

We use panel data on Mexican manufacturing plants to study the connection between plants' responses to changes in the economic environment and their contributions to aggregate productivity growth in the period following the implementation of the North American Trade Agreement (NAFTA). In all...

Persistent link: https://www.econbiz.de/10012773084

On the Bilateral Trade Effects of Free Trade Agreements between the EU-15 and the CEEC-4 Countries

Rault, Christophe; Caporale, Guglielmo Maria; Sova, Anamaria - 2021

The expansion of regionalism has spawned an extensive theoretical literature analysing the effects of Free Trade Agreements (FTAs) on trade flows. In this paper we focus on FTAs (also called European agreements) between the European Union (EU-15) and the Central and Eastern European countries...

Persistent link: https://www.econbiz.de/10013324887

Are Specific Skills an Obstacle to Labor Market Adjustment?

Lamo, Ana - 2010

This paper shows that specialized education reduces workers' mobility and hence their ability to cope with economic changes. We illustrate this point using labor force data from two countries having experienced important macroeconomic turbulence; a large economy with rigid labor markets, Poland,...

Persistent link: https://www.econbiz.de/10013136774

Was There a Skills Shortage in Australia?

Junankar, P. N. Raja - 2009

The paper analyses the problem of a "skills shortage" in Australia. It begins with an analysis of the operation of a labour market in terms of stocks and flows of labour services and human capital acquisition. It discusses the definition of a skills shortage, why it persists, and then looks at...

Persistent link: https://www.econbiz.de/10013152956

Intra-Industry Adjustment to Import Competition : Theory and Application to the German Clothing Industry

Raff, Horst - 2009

This paper uses an oligopoly model with heterogeneous firms to examine how an industry adjusts to rising import competition. The model predicts that in the short run the least efficient firms in the industry become inactive, surviving firms face a fall in output, mark-ups and profits, and the...

Persistent link: https://www.econbiz.de/10013155562