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Measuring the Impacts of FDI in Central and Eastern Europe
Lipsey, Robert E. - 2010
The impacts of inward FDI on host countries are frequently studied using balance-of-payments based measures of flows and stocks. These are unreliable for the purpose because, while theories of the effects of investment are based on FDI production and employment in the host country, these...
Persistent link: https://www.econbiz.de/10012760473
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Management Practices, Workforce Selection and Productivity
Bender, Stefan - 2016
Recent research suggests that much of the cross-firm variation in measured productivity is due to differences in use of advanced management practices. Many of these practices – including monitoring, goal setting, and the use of incentives – are mediated through employee decision-making and...
Persistent link: https://www.econbiz.de/10012996465
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On the Speed of Transition Central Europe
Aghion, Philippe; Blanchard, Olivier J. - 2003
Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow...
Persistent link: https://www.econbiz.de/10014089271
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The Shrinking Advantage of Market Potential
Brülhart, Marius; Desmet, Klaus; Klinke, Gian-Paolo - 2021
How does a country's economic geography evolve along the development path? This paper documents recent employment growth in 18,961 regions in eight of the world's main economies. Overall, market potential is losing importance, and local density is gaining importance, as correlates of local...
Persistent link: https://www.econbiz.de/10013310242
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Margins of Multinational Labor Substitution
Muendler, Marc-Andreas; Becker, Sascha O. - 2021
Employment at multinational enterprises (MNEs) responds to wages at the extensive margin, when an MNE enters a foreign location, and at the intensive margin, when an MNE operates existing affiliates. We present an MNE model and conditions for parametric and nonparametric identification. Prior...
Persistent link: https://www.econbiz.de/10013227778
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Exchange Rates and Local Labor Markets
Goldberg, Linda S.; Tracy, Joseph S. - 2000
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...
Persistent link: https://www.econbiz.de/10014193865
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News Shocks
Barsky, Robert - 2009
innovations, and negatively correlated with inflation innovations. The disinflationary nature of news shocks is consistent with …
Persistent link: https://www.econbiz.de/10013156463
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Pandemic, War, Inflation : Oil Markets at a Crossroads?
Baumeister, Christiane - 2023
fluctuations associated with these events are also discussed, as is their role in the recent surge of inflation, with a particular …
Persistent link: https://www.econbiz.de/10014346319
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The Great Inflation Drift
Goodfriend, Marvin - 2012
A standard statistical perspective on the U.S. Great Inflation is that it involves an increase in the stochastic trend … rate of inflation, defined as the long-term forecast of inflation at each point in time. That perspective receives support …, and statistical studies of U.S. inflation dynamics. We show that a textbook macroeconomic model delivers such a stochastic …
Persistent link: https://www.econbiz.de/10012754820
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Monetary Policy Lessons of Recent Inflation and Disinflation
Poole, William - 2011
The decline of velocity in the 1980s is a surprise that should not have been. Economists unwisely relied on a velocity trend of 3 percent per year when they should have insisted on an economic explanation for rising velocity. An analysis of velocity and interest rates from 1915 to 1986 suggests...
Persistent link: https://www.econbiz.de/10012756883