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Global aging and fiscal policy with international labor mobility: a political economy perspective
Tosun, Mehmet Serkan - 2009
This paper uses an overlapping generations model with international labor mobility and a politically responsive fiscal policy to examine aging in developed and developing regions. Migrant workers change the political structure composed of young and elderly voters in both labor-receiving and...
Persistent link: https://www.econbiz.de/10010269040
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Demography, capital flows and unemployment
Marchiori, Luca; Pierrard, Olivier; Sneessens, Henri R. - 2011
This paper contributes to the already vast literature on demography-induced international capital flows by examining the role of labor market imperfections and institutions. We setup a two-country overlapping generations model with search unemployment, which we calibrate on EU15 and US data....
Persistent link: https://www.econbiz.de/10010282316
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The Impact of Labor Market Reforms on Capital Flows, Wages and Unemployment
Beissinger, Thomas - 2001
The paper contributes to the globalization debate by scrutinizing the international spillover effects which are provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For this purpose a two-country model with imperfect...
Persistent link: https://www.econbiz.de/10010262594
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A Simple Theory of Industry Location and Residence Choice
Borck, Rainald; Pflüger, Michael; Wrede, Matthias - Institute for the Study of Labor (IZA) - 2007
-distance commuting and foreign direct investment have increased and that industrial activity has become more concentrated both within as …
Persistent link: https://www.econbiz.de/10005762313
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The Impact of Labor Market Reforms on Capital Flows, Wages and Unemployment
Beissinger, Thomas - Institute for the Study of Labor (IZA) - 2001
The paper contributes to the globalization debate by scrutinizing the international spillover effects which are provoked if a single country reduces the generosity of the unemployment compensation system or weakens labor union power. For this purpose a two-country model with imperfect...
Persistent link: https://www.econbiz.de/10005566676
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Interest Rate Bands of Inaction and Play-Hysteresis in Domestic Investment: Evidence for the Euro Area
Belke, Ansgar H.; Frenzel Baudisch, Coletta; Göcke, … - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank … impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate …
Persistent link: https://www.econbiz.de/10012141204
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The Coming Wave: Where Do Emerging Market Investors Put Their Money?
Karolyi, G. Andrew; Ng, David T.; Prasad, Eswar - 2015
We examine how emerging market (EM) investors allocate their stock portfolios internationally. Using both country-level and institution-level data, we find that the coming wave of EM investors systematically over- and under-weight their holdings in some target countries. These abnormal foreign...
Persistent link: https://www.econbiz.de/10011401678
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Heterogeneous Immigrants and Foreign Direct Investment: The Role of Language Skills
Lücke, Matthias; Stöhr, Tobias - 2015
We investigate the interplay of language skills and immigrant stocks in determining bilateral FDI out-stocks of OECD reporting countries. Applying a Poisson panel estimator to 2004-2011 data, we find a robust positive effect of bilateral immigrants on bilateral FDI – provided that residents of...
Persistent link: https://www.econbiz.de/10011401684
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Migration and Cross-Border Financial Flows
Kugler, Maurice; Levintal, Oren; Rapoport, Hillel - 2013
The gravity model has provided a tractable empirical framework to account for bilateral flows not only of manufactured goods, as in the case of merchandise trade, but also of financial flows. In particular, recent literature has emphasized the role of information costs in preventing larger...
Persistent link: https://www.econbiz.de/10010329097
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Does Official Development Assistance Affect Donor's Export? Case of Korea
Noh, Bobae; Heshmati, Almas - 2017
This paper aims to estimate the impact of bilateral Official Development Assistance (ODA) provided by Korea on its bilateral export to recipient countries. The empirical analysis is based on data from 1996 to 2014 with 121 recipient countries. Although the two models of determinants of ODA and...
Persistent link: https://www.econbiz.de/10011653281