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Trade in business services has been attracting attention from academic researchers, policy makers, and business journalists. While there are many anecdotes, there has been little in the way of formal theory applied to this issue. In this paper, we adapt a general model of fragmentation of...
Persistent link: https://www.econbiz.de/10012760467
using a natural experiment in India as well as data from China, Indonesia, the Philippines, South Africa, and Kenya …
Persistent link: https://www.econbiz.de/10013230605
Large population / rapidly growing economies such as China and India have argued that in the upcoming UNFCCC …
Persistent link: https://www.econbiz.de/10013070744
We study the transmission of sovereign debt inflow shocks on domestic firms. We exploit episodes of large sovereign debt inflows in six emerging countries that are due to the announcements of these countries' inclusion in two major local-currency sovereign debt indexes. We show that these...
Persistent link: https://www.econbiz.de/10013289107
-level data from India, we find a positive spillover from manufacturing growth to gross value added, wages, employment, and worker …
Persistent link: https://www.econbiz.de/10013058275
A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different countries specialize in different stages of a sequential production process. In Arnaud Costinot, Jonathan Vogel and Su Wang (2011), CVW hereafter, we have developed a simple theory...
Persistent link: https://www.econbiz.de/10013107972
A debt trap occurs when someone takes on a high-interest rate loan and is barely able to pay back the interest, and thus perpetually finds themselves in debt (often by re-financing). Studying such practices is important for understanding financial decision-making of households in dire...
Persistent link: https://www.econbiz.de/10012928320
to contracting firms. For this end we develop a new method for identifying outsourcing of food, cleaning, security and … growth of domestic outsourcing in Germany since the early 1990s. Event-study analyses show that wages in outsourced jobs fall … associated with outsourcing stem from a loss of firm-specific rents, suggesting that labor cost savings are an important reason …
Persistent link: https://www.econbiz.de/10013019114
-run business groups, domestic financial institutions, and foreign financial institutions. Using data from India in the early 1990s …
Persistent link: https://www.econbiz.de/10012763811
tuberculosis drug samples that claim to be made in India and were sold in Africa, India, and five mid-income non-African countries … in India or non-African countries. Since this finding is robust for manufacturer-drug fixed effects, one likely …
Persistent link: https://www.econbiz.de/10013312516