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Wapler, Rüdiger - 2001

We extend the standard quality-ladder model with heterogeneous workers by including efficiency wages and unions. We find that higher union bargaining power leads to a negative relationship between growth and unemployment. An increase in the supply of human capital, however, on the one hand...

Persistent link: https://www.econbiz.de/10010457726

The Global Economic Polycrisis and the Korean Economy

Kang, Duyong - 2023

Today the global economy is facing down the threat of a multifaceted crisis. Sustained by ultra-low interest rates and unprecedented levels of quantitative easing since the last global financial crisis, the global economy is taking a sharp turn toward tighter monetary policy as it experiences...

Persistent link: https://www.econbiz.de/10014257291

How Has NAFTA Affected the Mexican Economy? Review and Evidence

Kose, M. Ayhan - 2006

This paper provides a comprehensive assessment of the impact of NAFTA on growth and business cycles in Mexico. The effect of the agreement in spurring a dramatic increase in trade and financial flows between Mexico and its NAFTA partners, and its impact on Mexican economic growth and business...

Persistent link: https://www.econbiz.de/10012783204

Economic Development in Russia and the Long Waves of World Economy

Ivanova, Marina - 2015

Long-term cycles in world economic development are analyzed through the view on Russia's economy in the XIX century. Several economic indicators and industries are observed. It is found that Russia joined long economic fluctuations gradually. The first signs of this involvement are noticeable...

Persistent link: https://www.econbiz.de/10014121915

Outsourcing through an Empirical Lens : a Tale of Two Growths

Bakhtiari, Sasan - 2021

This paper explores the dynamics of outsourcing and the choices made by firms at very early ages through an empirical … lens. Two growth strategies are identified, one with minimal outsourcing and one with almost total outsourcing. The group … with minimal outsourcing is initially larger in turnover and keeps its superiority as they grow. They grow to larger sizes …

Persistent link: https://www.econbiz.de/10013228353

Do minimum wages stimulate productivity and growth? : minimum wage increases fail to stimulate growth and can have a negative impact on vulnerable workers during recessions

Sabia, Joseph J. - 2015

Proponents of minimum wage increases have argued that such hikes can serve as an engine of economic growth and assist low-skilled individuals during downturns in the business cycle. However, a review of the literature provides little empirical support for these claims. Minimum wage increases...

Persistent link: https://www.econbiz.de/10011434456

Cycles versus trends : the effects of economic growth on earnings in Bolivia

Muriel Hernández, Beatriz; Vera Cossio, Horacio - 2015

This paper analyzes the effects of economic growth on labor earnings in Bolivia during 1999-2012. More precisely, we develop a labor market model to capture both cycle and trend effects of prices, and production on earnings, which is estimated econometrically using pseudo-panel data methods. The...

Persistent link: https://www.econbiz.de/10011333626

Is India's long-term trend growth declining?

Patnaik, Ila; Pundit, Madhavi - 2014

The recent decline in gross domestic product (GDP) growth in India raised a debate about whether it is a trend or a business cycle slowdown. We observe a cyclical downturn post-global financial crisis due to external and domestic conditions. With global recovery strengthening and appropriate...

Persistent link: https://www.econbiz.de/10010463539

Endogenous Growth, Monetary Shocks and Nominal Rigidities

Annicchiarico, Barbara; Pelloni, Alessandra; Rossi, Lorenza - 2010

We introduce endogenous growth in an otherwise standard NK model with staggered prices and wages. Some results follow: (i) monetary volatility negatively affects long-run growth; (ii) the relation between nominal volatility and growth depends on the persistence of the nominal shocks and on the...

Persistent link: https://www.econbiz.de/10010343890

Can debt monetisation be helpful for Chinaís post-Covid recovery? : some empirical evidence

Cao, Ziyi; Ou, Zhirong - 2021 - First draft: October 2020

A measure of the degree of debt monetisation is constructed for its impact on the business cycle to be studied in a standard VAR model. Debt monetisation is hardly expansionary, as it raises public demand that crowds out almost as much demand from the private sector. However, it generates...

Persistent link: https://www.econbiz.de/10012483860

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