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We analyze how changes in international trade integration affect productivity and the functional income distribution … trade integration increases productivity. Moreover, we show that both trade in intermediate inputs and trade in value added … in value added on the labor share of income. Further, we show that the effects on productivity and labor share are …
Persistent link: https://www.econbiz.de/10014444832
We analyse how changes in international trade integration affect productivity and the functional income distribution … integration increases productivity. Second, we show that international trade integration is associated with higher labour shares …
Persistent link: https://www.econbiz.de/10014246661
We analyse how changes in international trade integration affect productivity and the functional income distribution … integration increases productivity. Second, we show that international tradeintegration is associated with higher labour shares in …
Persistent link: https://www.econbiz.de/10014355913
Euro area countries and Japan are confronted with similar challenges. Potential output is on a falling trend in the euro area, and the decrease started well before the financial crisis. In Japan, low output growth is a striking feature since many years, despite the unconventional monetary policy...
Persistent link: https://www.econbiz.de/10011639038
Euro area countries and Japan are confronted with similar challenges. Potential output is on a falling trend in the euro area, and the decrease started well before the financial crisis. In Japan, low output growth is a striking feature since many years, despite the unconventional monetary policy...
Persistent link: https://www.econbiz.de/10012957955
We analyse the relationship between the debt to GDP ratio and real per capita GDP growth for the euro area members by distinguishing between periods of sustainable and non-sustainable debt. Thresholds are theory-based and depend on the macroeconomic framework. If the interest rate exceeds...
Persistent link: https://www.econbiz.de/10013099456
Persistent link: https://www.econbiz.de/10003389799
Persistent link: https://www.econbiz.de/10002832587
productivity and labour shares in advanced and emerging economies. As indicators for globalisation we use the foreign share in … local projections reveal a positive relationship between globalisation and productivity. Moreover, we are able to reject the …
Persistent link: https://www.econbiz.de/10012888156
The financial crisis led to a deep recession in many industrial countries. While large emerging countries recovered relatively quickly from the financial crisis, their performance deteriorated in the last years, despite the modest recovery in advanced economies. The higher divergence of business...
Persistent link: https://www.econbiz.de/10011506456