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The Cost Competitiveness of Manufacturing in China and India: An Industry and Regional Perspective
van Ark, Bart - 2008
manufacturing sector of China and India. We first provide a comparison between India and China using a broad international … perspective. We find that China has increased its labor productivity to a level above that of India, but due to a somewhat higher … compensation level, China is still somewhat at a disadvantage in terms of unit labor cost in manufacturing relative to India. In …
Persistent link: https://www.econbiz.de/10011807634
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Budget Institutions and Fiscal Performance in Latin America
Hausmann, Ricardo; Alesina, Alberto; Hommes, Rudolf; … - 1998
In this paper detailed information on the budget institutions of Latin American countries is collected. These institutions are classified on a hierarchical/collegial scale, as a function of the existence of constraints on the deficit and voting rules.
Persistent link: https://www.econbiz.de/10010326949
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The Freedom Budget at 45: Functional finance and full employment
Forstater, Mathew - 2011
Forty-five years ago, the A. Philip Randolph Institute issued The Freedom Budget, in which a program for economic transformation was proposed that included a job guarantee for everyone ready and willing to work, a guaranteed income for those unable to work or those who should not be working, and...
Persistent link: https://www.econbiz.de/10010286508
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Empirical assessment of sustainability and feasibility of government debt: The Philippines case
Qin, Duo; Cagas, Marie Anne; Ducanes, Geoffrey; … - 2005
This paper develops empirical methods of assessing the sustainability and feasibility of public debt using the No Ponzi Game criterion, using the Philippines as the testing case. Both historical data and forecasts generated by a quarterly macro-econometric model are used in the assessment....
Persistent link: https://www.econbiz.de/10010289038
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Japanese growth and stagnation: A Keynesian perspective
Nakatani, Takeshi; Skott, Peter - 2006
This paper uses a modi.ed Harrodian model to understand both the long period of rapid Japanese growth and the recent period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government intervention, we argue, took the Japanese economy...
Persistent link: https://www.econbiz.de/10010287845
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Low-Wage Import Competition, Inflationary Pressure, and Industry Dynamics in Europe
Auer, Raphael; Degen, Kathrin; Fischer, Andreas M. - 2011
What is the impact of import competition from low-wage countries (LWCs) on inflationary pressure in Europe? This paper examines whether labor-intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer prices in Germany, France, Italy, Sweden, and the...
Persistent link: https://www.econbiz.de/10011430088
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Globalization and developing countries - a shrinking tax base?
Aizenman, Joshua; Jinjarak, Yothin - 2006
This paper evaluates the impact of globalization on the tax bases of countries at varying stages of development. We see … globalization as a process that induces countries to embrace greater trade and financial integration, and macro stabilization. This …" taxes. We confirm the robustness of the main results to IV methodology, where trade globalization is inferred from applying …
Persistent link: https://www.econbiz.de/10010285297
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International trade, factor mobility and the persistence of cultural-institutional diversity
Belloc, Marianna; Bowles, Samuel - 2009
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10010287852
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Does globalization create superstars?
Gersbach, Hans; Schmutzler, Armin - 2007
To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms … compete both in the product market and in the managerial market. We show that globalization, i.e. the simultaneous integration …
Persistent link: https://www.econbiz.de/10010315582
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Globalization and developing countries - a shrinking tax base?
Aizenman, Joshua; Jinjarak, Yothin - 2006
This paper evaluates the impact of globalization on tax bases of countries at varying stages of development. We see … globalization as a process that induces countries to embrace greater trade and financial integration. This in turn should shift …
Persistent link: https://www.econbiz.de/10010322726