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In this paper we explore the hypothesis that the Swedish malaise comes from the interaction of the Swedish welfare state with changes in the global marketplace. External commerce can expose Swedish workers in exporting and import-competing industries to competition from low-wage foreign workers...
Persistent link: https://www.econbiz.de/10013222221
The share in world exports of manufactured goods of U.S. multinational firms, including their majority-owned overseas …
Persistent link: https://www.econbiz.de/10013248120
It is often argued that the globalization of production places workers in industrialized countries in competition with their counterparts in low wage countries. We examine a firm-level panel of foreign manufacturing affiliates owned by U.S. multinationals between 1983 and 1992 and find evidence...
Persistent link: https://www.econbiz.de/10013324135
The share of U.S. multinational firms in world exports of manufactures has remained almost constant at about 17 per … cent for the last 20 years while that of the U.S. as a country has declined substantially. The composition of world … during the period than did the world as a whole, and the Asian NIC's exports moved still faster in this direction. With …
Persistent link: https://www.econbiz.de/10013141154
Industrial policies (IPs) include such varying practices as production subsidies, export subsidies, and import protection, and are commonly used by countries to promote targeted sectors. However, such policies can have significant impacts on sectors other than those targeted by the IPs,...
Persistent link: https://www.econbiz.de/10013088677
will be incorporated into the next generation of the Penn World Table …
Persistent link: https://www.econbiz.de/10013090428
Motivated by the long-standing debate on the pros and cons of competitive devaluation, we propose a new perspective on how monetary and exchange rate policies can contribute to a country's international competitiveness. We refocus the analysis on the implications of monetary stabilization for a...
Persistent link: https://www.econbiz.de/10012871944
We define foundational competitiveness as the expected level of output per working-age individual that is supported by the overall quality of a country as a place to do business. The focus on output per potential worker, a broader measure of national productivity than output per current worker,...
Persistent link: https://www.econbiz.de/10013008028
We use new international price measures we have developed for machinery and transport equipment to explain changes in exports and export shares of the United States, Germany, and Japan. The effects of relative price changes on export shares are fairly large, producing relative quantity changes...
Persistent link: https://www.econbiz.de/10013224881
Can a country gain international competitiveness by the design of optimal monetary stabilization rules? This paper reconsiders this question by specifying an open-economy monetary model encompassing a 'production relocation externality,' developed in trade theory to analyze the benefits from...
Persistent link: https://www.econbiz.de/10013077221