Similar Search Results

Economic geography and international inequality

Redding, Stephen; Venables, Anthony - In: Journal of international economics 62 (2004) 1, pp. 53-82

Persistent link: https://www.econbiz.de/10001867062

The Unequal Effects of Liberalization : Evidence from Dismantling the License Raj in India

Aghion, Philippe - 2006

We study the effects of the progressive elimination of the system of industrial regulations on entry and production, known as the "license raj," on registered manufacturing output, employment, entry and investment across Indian states with different labor market regulations. The effects are...

Persistent link: https://www.econbiz.de/10012466638

Sectorial Wages and the Real Exchange Rate

Aizenman, Joshua - 1986

prices. How should the structure of sectorial wages adjust in response to such a shock? This question is addressed in the … are affected by the exogenous real shock. Cost of negotiations result in labor market contracts which set nominal wages in …-indexation rules. The optimal rules alter both the absolute and the relative structure of sectorial nominal wages. We examine the …

Persistent link: https://www.econbiz.de/10012477276

Optimal Wage Re-Negotiation

Aizenman, Joshua - 1984

This paper investigates an economy in which there are short-term wage contracts that are re-negotiated under certain conditions. This paper determines the optimal frequency of wage re-negotiation and shows that it depends positively on measures of aggregate variability and Phillips curve slope....

Persistent link: https://www.econbiz.de/10012477817

Wage Contracts with Incomplete and Costly Information

Aizenman, Joshua - 1983

Optimal wage indexation, as derived by Gray, was subject to criticism due to a lack of efficient use of information; failure to clear the market which resulted in non-optimal contracts; and the lack of an explicit use of welfare criteria. The purpose of this paper is to derive a wage contract...

Persistent link: https://www.econbiz.de/10012477951

Wage Flexibility and Openness

Aizenman, Joshua - 1983

This paper analyzes the degree of short-run, real wage flexibility in a two-sector economy under floating rates. This is done by deriving optimal wage indexation in a contracting framework. We find that the more closed the economy, the lower the degree of wage indexation. As a result, output...

Persistent link: https://www.econbiz.de/10012477994

Institutional Efficiency, Monitoring Costs, and the Investment Share of FDI

Aizenman, Joshua - 2002

advantage. Under these asymmetries, multinationals pay higher wages than domestic producers, in line with the insight of … efficiency wages and with the evidence about the multinationals wage premium.' FDI is also more sensitive to increases in …

Persistent link: https://www.econbiz.de/10012469382

Product Choice and Product Switching

Bernard, Andrew B. - 2003

This paper develops a model of endogenous product selection by firms. The theory is motivated by new evidence we present on the importance of product switching by U.S. manufacturers. Two-thirds of continuing firms change their product mix every five years, and product switches involve more than...

Persistent link: https://www.econbiz.de/10012468909

Vocational Education, Manufacturing, and Income Distribution : International Evidence and Case Studies

Aizenman, Joshua - 2017

Economic integration has brought about not only benefits and opportunities but also required adjustment, especially for the youth entering the labour force. The lower growth rates characterizing the post Global Financial Crisis era and the concerns about income inequality put to the fore the...

Persistent link: https://www.econbiz.de/10012453764

Capital Flow Types, External Financing Needs, and Industrial Growth : 99 countries, 1991-2007

Aizenman, Joshua - 2011

We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries, 99 countries, 1991-2007, extending Rajan-Zingales (1998). We utilize external finance dependence measures in a series of cross-sectional regressions of manufacturing...

Persistent link: https://www.econbiz.de/10012461431