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To better understand the dynamics of the Chinese economy and its interaction with the global economy, the authors incorporate China into an existing model for the G-3 economies (i.e., the United States, the euro area, and Japan), paying particular attention to modelling the exchange rate and...
Persistent link: https://www.econbiz.de/10010279857
The purpose of this paper is to emphasize the importance of Europe's structural problems and governance as the cause of the current euro area crisis. The euro may have led to bubbles, but member economies were not free of trouble before the euro. Many members were losing competitiveness and in...
Persistent link: https://www.econbiz.de/10010397268
neglected - economic and socio-cultural effects of the brain drain. Remittances of African migrants contribute considerably not …
Persistent link: https://www.econbiz.de/10011335181
remittances in the Czech Republic. In contrast to previous studies, we provide a more detailed insight into the specifications of … having skilled position. Our results demonstrate that reverse economic effects of remittances on the source country might be …
Persistent link: https://www.econbiz.de/10011791261
Workers’ remittances have become the second largest source of net financial flows to developing countries. However, the … main motives for sending remittances remain controversial. This paper examines the importance of altruistic versus … investment motive. Finally, migrants’ skills raise remittances, while a large informal economy in the sending country depresses …
Persistent link: https://www.econbiz.de/10011604734
While economists were pointing out the advantages of the EU enlargement, politicians and policymakers were raising grave concerns about the significant political and economic differences between the newcomer states (EU12) and the old Europe of EU15. The major point of apprehension was related to...
Persistent link: https://www.econbiz.de/10010282245
The number of migrants from conflict regions in Africa has been increasing dramatically. The European Union shares dual responsibility for the continuing migration pressure: First, because it fostered over decades corrupt and autocratic regimes with dire disregard to principles of 'good...
Persistent link: https://www.econbiz.de/10010285664
Does the emigration of skilled individuals necessarily result in losses for source countries due to the brain drain? Combining industry-level patenting and migration data from 32 European countries, we show that emigration in fact positively contributes to innovation in source countries. We use...
Persistent link: https://www.econbiz.de/10011952002
; EU enlargement ; wages ; international migration ; remittances …
Persistent link: https://www.econbiz.de/10009519861
resulted in a large increase in remittances to New Member States (NMS) and were comparable in size to FDI or EU funds. This … paper adds to the literature by analyzing the impact of remittances and migration jointly, rather than separately, on the … directly through migration, and labor demand indirectly through remittances increasing capital stock. We develop an incomplete …
Persistent link: https://www.econbiz.de/10012897115