Applying an open-economy macroeconomic model, incorporating the monetary policy reaction function and uncovering interest parity, this paper finds that the expected real exchange rate and real output exhibit an inverted J-shape relationship, suggesting that expected real depreciation increases...

Die Wirtschaft der Eurozone ist stark auf forschungsintensive Industrien spezialisiert. In den einzelnen Euroländern ist die Bedeutung dieser Branchen sehr unterschiedlich, besonders groß ist sie in Deutschland. Anders als in der aktuellen Diskussion zum Teil unterstellt, hat die Einführung...

This paper investigates the gender-selection decisions of immigrants in the United Kingdom, using data from the 1971–2006 General Household Survey. We examine sex-selection in the UK among immigrant families and the gender composition of previous births, conditional on socio-economic...

This paper points out the problems of liquidity, disposal and obtaining funds, inability to collect receivables, delayed payments in times of economic and financial instability and dynamic business upheavals and uncertainty. As a contribution to resolve these issues new alternative methods of...

Starting in the mid 1970s, Chile implemented comprehensive structural market reforms. Using manufacturing plant-level data on Chilean firms for years 1980 to 2001, we estimate the role of reforms on efficiency. We analyze aggregate productivity constructed from micro data to find that in the...

Previous empirical research has shown that Mexico's Oportunidades program has succeeded in increasing schooling and improving health of disadvantaged children. This paper studies the program's potential longer-term consequences for the poverty and inequality of these children. It adapts methods...

Industrial decline and restructuring in the transition economies presents a prime example of the relationship between changes in aggregate economic indicators and underlying microeconomic adjustments. This paper employs matched labor force survey data to focus on the magnitude and determinants...

We analyze the impact of remittances on the labor supply of men and women in post-conflict Tajikistan. Individuals from remittance-receiving households are less likely to participate in the labor market and supply fewer hours when they do. The results are robust to different measures of...

We develop a theoretical framework that considers the role played by moral hazard and the diversity of networks and cultures in the choice of hiring channel. In favoritism contexts social networks, and particularly strong ties, are adopted as hiring channels for unskilled jobs and result in wage...

This study aims to evaluate, in terms of their cardinal, ordinal, and dichotomy consistency, five alternative comercial specialization indicators: a Balassa symmetric index version; a Chi-Squared Index; and the Relative Trade Advantage Index, all these three based on revealed comparative...