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Low-wage import competition, inflationary pressure, and industry dynamics in Europe
Auer, Raphael A.; Degen, Kathrin; Fischer, Andreas M. - 2011
What is the impact of import competition from low-wage countries (LWCs) on inflationary pressure in Europe? This paper examines whether labor-intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer prices in Germany, France, Italy, Sweden, and the...
Persistent link: https://www.econbiz.de/10009300390
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Offshoring tasks, yet creating jobs?
Kohler, Wilhelm; Wrona, Jens - 2011
The policy debate views offshoring as job destruction. Theoretical models of offshoring mostly assume full employment. We develop a model of task trade that allows for equilibrium unemployment. In this model, there are two margins of adjustment. At the extensive margin, moving tasks offshore...
Persistent link: https://www.econbiz.de/10009229069
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Fragmentierung : Außenhandel unter den Bedingungen vertikaler Globalisierung ; ein Überblick
Sell, Friedrich L. - 2001
Dieser Beitrag soll einen Überblick und eine Systematik im Hinblick auf die aktuellen Beiträge zum Phänomen der Fragmentierung geben. Während man im Zusammenhang mit der Ausweitung des Nord-Süd-Handels von einer "horizontalen Globalisierung" spricht, gilt Fragmentierung als Ausdruck einer...
Persistent link: https://www.econbiz.de/10010509348
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Globalization in the Time of COVID-19
Sforza, Alessandro - 2020
The economic effects of a pandemic crucially depend on the extend to which countries are connected in global production networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral linkages, trade in intermediate goods and sectoral...
Persistent link: https://www.econbiz.de/10012837986
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The Bazaar Effect, Unbundling of Comparative Advantage, and Migration
Kohler, Wilhelm - 2007
Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this reflects an unbundling of comparative advantage. Using a model where Ricardian plus Heckscher-Ohlin-type comparative advantage relates to fragments of production, I compare a trading...
Persistent link: https://www.econbiz.de/10012777491
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Investors’ Rights Protection on a Global Financial Market
Barna, Flavia-Mirela; Nachescu, Miruna-Lucia - In: International Journal of Academic Research in Business … 4 (2014) 10, pp. 64-80
, impose the re-analyzing of the prudential regulations in the field of investors’ rights protection. The present paper aims to … present and analyze the necessity of investors’ rights protection in the context of reducing the informational asymmetry on … qualitative arguments. We show the need for investors’ rights protection through an adequate transparency of the financial …
Persistent link: https://www.econbiz.de/10011084879
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How do Individual Investors React to Global IFRS Adoption?
Brüggemann, Ulf - 2012
We examine the impact of global IFRS adoption on cross-border equity investments by individual investors. Our proxy for cross-border equity investments is trading volume in the Open Market at Frankfurt Stock Exchange. The Open Market is a segment designed for German individual investors to trade...
Persistent link: https://www.econbiz.de/10013116847
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Globalization and Insider Trading : Evidence from Cross-Border Mergers and Acquisitions
Guo, Lixiong - 2018
We study how globalization has changed the source and aggressiveness of inside trading around the world and identify its determinants. Using a sample of acquisitions of firms in 52 countries announced between 1991 and 2014, we find systematically higher likelihood of insider trading in target...
Persistent link: https://www.econbiz.de/10012936748
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Corporate Governance for a Changing World : Report of a Global Roundtable Series
Veldman, Jeroen - 2016
After the financial crisis, there has been considerable debate about the role of corporations in society. It has become broadly accepted that corporations - particularly the world's largest publicly traded corporations – need to be governed with respect for the society and the environment....
Persistent link: https://www.econbiz.de/10012987369
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One Worldwide Set of Global Accounting Standards? - HMM
Newman, Neal - 2014
Persistent link: https://www.econbiz.de/10013045691