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the areal unit, we find a positive association between immigrants' stocks and both export and import flows, in line with …
Persistent link: https://www.econbiz.de/10013104938
This paper explores the relationship between openness to trade, immigration, and income per person across countries. To address endogeneity concerns we extend the instrumental-variables strategy introduced by Frankel and Romer (1999). We build predictors of openness to immigration and to trade...
Persistent link: https://www.econbiz.de/10013083367
those contributing to export by the largest margin. Business network effects seem particularly important in stimulating …
Persistent link: https://www.econbiz.de/10013098826
During the last decade, economists have intensively searched for evidence on the importance of the Balassa-Samuelson (B-S) hypothesis in explaining nominal convergence. One general result is that B-S can at best explain only part of the excess inflation observed in the European catching-up...
Persistent link: https://www.econbiz.de/10013074886
This paper tests the pro-competitive effect of trade in the product and labor markets of UK manufacturing sectors between 1988 and 2003 using a two-stage estimation procedure. In the first stage, we use data on 9820 firms from twenty manufacturing sectors to simultaneously estimate mark-up and...
Persistent link: https://www.econbiz.de/10013317547
This paper presents new evidence on international trade and worker outcomes. It examines a big world event that … occurred in any of the world's four major currencies since the collapse of Bretton Woods. Exploiting this variation, the paper … intermediate imports. This provides new direct evidence that, in the modern world of global value chains, it is changes in the cost …
Persistent link: https://www.econbiz.de/10012868799
Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the...
Persistent link: https://www.econbiz.de/10014083735
We examine the Exchange Rate Volatility (ERV) response to the Economic Policy Uncertainty (EPU) shocks from a panel VAR perspective used for the first time in this context. Focusing on Emerging Market Economies (EME), our noteworthy findings postulate that (a) both home and foreign EPU shocks...
Persistent link: https://www.econbiz.de/10012831210
the banking system. Overall, the risk appetite of the banking system is critical for both traditional and export …
Persistent link: https://www.econbiz.de/10013406442
world system to 'deliver' a given amount of democracy, economic growth, gender equality, human development, research and … indicators, derived from sociological dependency and world systems theories, we also test the predictive power of several other …
Persistent link: https://www.econbiz.de/10013117617