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Trade Liberalization in a Multinational-Dominated Industry : A Theoretical and Applied General-Equilibrium Analysis
Hunter, Linda - 2010
A theoretical model is developed and applied to the North American auto industry, motivated by the possibility of US-Mexico …. Using an applied GE model, we find that (A) the gains to Mexico are significant and the effects on the US and Canada are … North American multinationals determine markups, increased imports from Mexico do not result in a rationalization of US and …
Persistent link: https://www.econbiz.de/10013139985
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Government Finance in the Wake of Currency Crises
Burnside, A. Craig - 2010
recent currency crises: Korea (1997), Mexico (1994) and Turkey (2001) …
Persistent link: https://www.econbiz.de/10012762806
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Wages and Informality in Developing Countries
Meghir, Costas - 2012
It is often argued that informal labor markets in developing countries promote growth by reducing the impact of regulation. On the other hand informality may reduce the amount of social protection offered to workers. We extend the wage-posting framework of Burdett and Mortensen (1998) to allow...
Persistent link: https://www.econbiz.de/10013101278
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Labor Market Frictions, Firm Growth, and International Trade
Fajgelbaum, Pablo D. - 2013
I study the aggregate effects of labor market frictions in a small open economy where firms grow slowly and make fixed export investments. The model features interactions between dynamic investments in exporting and search frictions with job-to-job mobility. A calibration to Argentina's economy...
Persistent link: https://www.econbiz.de/10013074919
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The Labor Market and Macro Volatility : A Nonstationary General-Equilibrium Analysis
Hall, Robert E. - 2021
The evolution of the aggregate labor market is far from smooth. I investigate the success of a macro model in replicating the observed levels of volatility of unemployment and other key variables. I take variations in productivity growth and in exogenous product demand (government purchases plus...
Persistent link: https://www.econbiz.de/10013224895
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Tax Reform and the Dutch Labor Market : an Applied General Equilibrium Approach
Bovenberg, A. Lans; Graafland, Johan J.; De Mooij, Ruud A. - 2021
This paper employs MIMIC, an applied general equilibrium model of the Dutch economy, to explore various tax cuts aimed at combating unemployment and raising labor supply. MIMIC combines modern labor-market theories, a firm empirical foundation detailed description of Dutch labor-market...
Persistent link: https://www.econbiz.de/10013233002
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Comparable Worth in a General Equilibrium Model of the U.S. Economy
Beider, Perry C.; Bernheim, B. Douglas; Fuchs, Victor R.; … - 2021
This paper presents a computable general equilibrium model that simulates the effects on employment, output, wages, and economic efficiency of introducing comparable worth into the U.S. economy. The model calculates economy-wide aggregate impacts and disaggregated results for individuals grouped...
Persistent link: https://www.econbiz.de/10013239176
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Distinguishing Constraints on Financial Inclusion and Their Impact on GDP, TFP, and the Distribution of Income
Dabla-Norris, Era - 2015
A general equilibrium model featuring multiple realistic sources of financial frictions is developed to study how different constraints interact in equilibrium. We highlight, distinguish, and evaluate their differential impacts and rich interactions. The economic impact of financial inclusion...
Persistent link: https://www.econbiz.de/10013030631
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Understanding Financial Crises : A Developing Country Perspective
Mishkin, Frederic S. - 2000
financial crisis, as in Mexico in 1994, to a sharp decline in economic activity after a crisis occurs. It does so by outlining …
Persistent link: https://www.econbiz.de/10012789112
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Labor Markets and the Choice of Technology in an Open Developing Economy
Aizenman, Joshua - 2007
This paper highlights economic factors determining the choice of technology andopenness in an intertemporal context in the presence of Institutional constraints Inthe labor market. It considers the case in which a more aggressive - developmentstrategy involves an investment in a modern...
Persistent link: https://www.econbiz.de/10012777169