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productivity growth in semi-industrialized economies. These effects are hypothesized to operate through the negative impact of firm … raise productivity in defense of profits, contributing to a low wage-low productivity trap. This paper presents empirical … link between increased firm mobility and lower wages, as well as slower productivity growth over the period 1970-2000. …
Persistent link: https://www.econbiz.de/10010266557
transitions, and this allows for estimation of the degree of search frictions. The firm data are informative on labor productivity … difference between labor productivity and wages in a market depends on the degree of frictions and other determinants. We correct …
Persistent link: https://www.econbiz.de/10010321078
How does international competition affect overseas outsourcing? While it is commonly believed that international competition enables firms to desert high cost countries in favor of low wage locations, the frequency of such responses may be reduced if the movement of outsourcing activities...
Persistent link: https://www.econbiz.de/10010266397
This paper reviews the debate on the economic effect of the international fragmentation of production, also known as "offshoring", and provides a preliminary investigation of the impact of intermediate imported inputs on employment and wages in five European countries (Germany, Spain, France,...
Persistent link: https://www.econbiz.de/10011488627
This paper investigates efficiency losses caused by independent tax systems and proposes ways of remedying this coordination failure Whereas the harmful effects of tariff competition have been thoroughly explored in the trade policy literature little is known about the externalities that result...
Persistent link: https://www.econbiz.de/10010293495
general pattern of productivity growth and industrial development. This paper surveys the literature on services trade …
Persistent link: https://www.econbiz.de/10010294845
The IMF attempts to stabilize private capital flows to emerging markets by providing public monitoring and emergency finance. In analyzing its role we contrast cases where banks and bondholders do the lending. Banks have a natural advantage in monitoring and creditor coordination, while bonds...
Persistent link: https://www.econbiz.de/10010322723
We examine the effect of immigration on public spending from a theoretical (political economic) and an empirical perspective. We distinguish between public spending on private goods and on public goods. Our model implies that whether immigration increases or decreases public spending primarily...
Persistent link: https://www.econbiz.de/10010325619
Investment growth in emerging market and developing economies has slowed sharply since 2010. This paper presents a comprehensive analysis of the causes and implications of this slowdown and presents a menu of policy responses to improve investment growth. It reports four main results. First, the...
Persistent link: https://www.econbiz.de/10011696320
This paper undertakes a comparative, firm-level analysis of joining the supply chain in five Southeast Asian economies to improve our understanding of fragmentation of manufacturing across borders. The research maps supply chains and conducts firm-level econometric analysis on 5,900 enterprises....
Persistent link: https://www.econbiz.de/10011807683