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This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (Job Creation and Job Destruction in the Theory of Unemployment, 1994) give rise to unemployment and a channel for the government to...
Persistent link: https://www.econbiz.de/10010310506
margin. Whether a country benefits from FDI in terms of unemployment depends on the respective country's net-FDI, measured as … the difference between in- and outward FDI. The derived FDI and unemployment nexus is tested employing macroeconomic data … for 19 OECD countries on unemployment, FDI, and labor market institutions. Results support the model in that net-FDI is …
Persistent link: https://www.econbiz.de/10010323793
This paper proposes a multi-industry trade model with integrated capital and goods markets. Labor market imperfections in line with Mortensen and Pissarides (1994) give rise to unemployment and a channel for the government to influence markets through institutional changes. Labor market...
Persistent link: https://www.econbiz.de/10010323800
-reforming countries may react to this loss in competitiveness by initiating cooperative labor market reforms instead. -- FDI … ; globalization ; search unemployment ; labor market institutions …
Persistent link: https://www.econbiz.de/10009628611
margin. Whether a country benefits from FDI in terms of unemployment depends on the respective country's net-FDI, measured as … the difference between in- and outward FDI. The derived FDI and unemployment nexus is tested employing macroeconomic data … for 19 OECD countries on unemployment, FDI, and labor market institutions. Results support the model in that net-FDI is …
Persistent link: https://www.econbiz.de/10009529635
cooperative labor market reforms instead. -- FDI ; search unemployment ; labor market institutions …
Persistent link: https://www.econbiz.de/10009632671
at home and abroad irrespective of their level of skill. -- FDI ; globalization ; search unemployment ; labor market … effects at the intensive industry margin via trade and FDI. Moreover, the distinction between high- and low-skill workers …
Persistent link: https://www.econbiz.de/10009409344
In the present paper, I integrate frictional labor markets with on-the-job search into an otherwise standard heterogeneous firm model of intra-industry trade. Most importantly, I show that the returns to workers' inter-firm mobility are higher in a trade equilibrium than in autarky. Intuitively,...
Persistent link: https://www.econbiz.de/10013004141
We study the role of labor market mismatch in the adjustment to a trade liberalization that results in the offshoring of high-tech production. Our model features two-sided heterogeneity in the labor market: high- and low-skilled workers are matched in a frictional labor market with high- and...
Persistent link: https://www.econbiz.de/10013028647
The rapid rise of Chinese exports over the past few decades has raised concerns about manufacturing jobs and internal labor market outcomes in high-income countries. I analyze the effect of rising Chinese import competition on Finnish regional manufacturing employment between 1995 and 2007. The...
Persistent link: https://www.econbiz.de/10014285155