This paper proposes a simple multi-industry trade model with search frictions in the labor market. Unimpeded access to global financial markets enables capital owners to invest abroad, thereby fostering unemployment at the extensive industry margin. Whether a country benefits from FDI in terms...

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...

This paper proposes a multi-industry trade model with integrated capital markets and Mortensen and Pissarides search frictions in the labor market. Institutional changes in the model trigger adjustments at the intensive and extensive margin of labor demand. At the extensive margin a shift of the...

In the present paper it will be shown empirically that globalisation does not affect long term unemployment. Panel data cover for the period (1999-2009) the following countries: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Japan, Netherlands, Norway, Portugal,...

Forty years have now passed since the economic relationship between Britain and Japan started to deepen beyond arms-length trading ties. This article presents an overview of research on the globalization of the Japanese firm by looking at work produced from the UK standpoint over the last four...

This paper investigates the impact of the global economic downturn, its nature and impacts on the state of employment in the region of South East Europe. As the financial crisis spilled over into the real sector, its effects, with varying magnitude, ranging from relatively consequential to...

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...

The international labour market has not been "globalised" to the same degree over the last 40 years as have international markets for goods and capital. Immigration policies in developed economies clearly hinder the mobility of labour. But how much difference does it actually make? This paper...

Norway has a well-functioning labour market with high employment and a compressed wage distribution, contributing to low inequality. Norway nevertheless faces challenges from a trend decline in employment rates among the young and prime-age men. Furthermore, immigrants and people with...