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The renminbi's role in the global monetary system

Prasad, Eswar; Ye, Lei - 2012

We analyze three related but distinct concepts concerning the renminbi's role in the global monetary system: (i … changes for the balance and sustainability of China's own economic development as well as the associated implications for the … global monetary system. While China is actively promoting the internationalization of its currency, it is a long way from …

Persistent link: https://www.econbiz.de/10010282485

Real exchange rate, foreign trade and employment: Evidence from China

Zeng, Xiangquan; Yuxue, Cui; Shisong, Qing; Yumei, Yang - 2011

Coordination of macro-economic development and employment is an essential issue for China's social development, which …

Persistent link: https://www.econbiz.de/10010280727

Competitiveness at the Country-Sector Level: New Measures Based on Global Value Chains

Marczak, Martyna; Beissinger, Thomas - 2018

We propose the so-called domestic "embodied unit labor costs" (EULC) at the country-sector level as a new cost-related basis for measures of international competitiveness. EULC take into account that a sector's labor costs constitute only a small share of its total cost which to a large extent...

Persistent link: https://www.econbiz.de/10011873503

Differences in the distribution of high school achievement: The role of class size and time-in-term

Corak, Miles; Lauzon, Darren - 2010

This paper adopts the technique of DiNardo, Fortin and Lemieux (1996) to decompose differences in the distribution of PISA test scores in Canada, and assesses the relative contribution of differences in the distribution of 'class size' and time-in-term, other school factors and student...

Persistent link: https://www.econbiz.de/10010269793

Differences in the Distribution of High School Achievement: The Role of Class Size and Time-in-Term

Corak, Miles; Lauzon, Darren - Institute for the Study of Labor (IZA) - 2010

This paper adopts the technique of DiNardo, Fortin and Lemieux (1996) to decompose differences in the distribution of PISA test scores in Canada, and assesses the relative contribution of differences in the distribution of “class size” and time-in-term, other school factors and student...

Persistent link: https://www.econbiz.de/10008529146

Purchasing power parity for developing and developed countries: what can we learn from non-stationary panel data models?

Drine, Imed; Rault, Christophe - 2007

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...

Persistent link: https://www.econbiz.de/10010268121

Informality and macroeconomic fluctuations

Fiess, Norbert M.; Fugazza, Marco; Maloney, William F. - 2008

This paper examines the adjustment of developing country labor markets to macroeconomic shocks. It models as having two sectors: a formal salaried (tradable) sector that may or may not be affected by union or legislation induced wage rigidities, and an informal (nontradable) self-employment...

Persistent link: https://www.econbiz.de/10010268792

Employment and exchange rates: the role of openness and technology

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2009

Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...

Persistent link: https://www.econbiz.de/10010269093

Source country characteristics and immigrants' migration duration and saving decisions

Kirdar, Murat G. - 2010

This paper examines how immigrants' migration duration and saving decisions in the host country respond to the purchasing power parity (ppp) and the wage ratio between the host and source countries. It is shown that in theory immigrants may stay longer in the host country as a result of an...

Persistent link: https://www.econbiz.de/10010269783

Firm dynamics and real exchange rate fluctuations: does trade openness matter? ; evidence from Mexico's manufacturing sector

Fuentes, Miguel; Ibarrarán, Pablo - 2009

In this paper we study the effect of NAFTA on the responsiveness of Mexican economy to real exchange rate shocks. We argue that, by opening the U.S. and Canadian markets to Mexican goods, NAFTA made it easier for domestic producers to take advantage of the opportunities brought by the...

Persistent link: https://www.econbiz.de/10010271315

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