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Globalization and income inequality : the role of transmission mechanisms

Hennighausen, Tanja - 2014

which globalization should influence the personal distribution of market and disposable incomes as well as redistribution. I … employ panel data covering 28 OECD countries between 1960 and 2010 to analyze the impact of globalization on a set of labor … industrialized countries. Rather, the globalization-induced rise in income dispersion through greater factor price differences is …

Persistent link: https://www.econbiz.de/10010354569

A Globalist Manifesto for Public Policy

Calomiris, Charles W. - 2011

The worldwide trend towards privatisation, liberalisation and globalisation has produced substantial economic benefits. Nevertheless, liberalisation has had its shortcomings and there are potential threats to further progress, including in particular an anti-liberalisation backlash. Continuing...

Persistent link: https://www.econbiz.de/10014026087

A New Market Paradigm for Sustainable Growth : Financing Broader Capital Ownership with Louis Kelso's Binary Economics

Ashford, Robert - 2011

This article describes how Louis Kelso's binary economics can be used to open the prevailing system of corporate finance to enable all people to access non-recourse corporate credit so as to enable them to acquire capital with the earnings of capital. In economies operating at less than full...

Persistent link: https://www.econbiz.de/10013128017

Impacts of Intermediate Trade on Structural Change

Stijepic, Denis - 2012

features a relatively high employment share of capital/manufacturing sector and a relatively low rate of labour …

Persistent link: https://www.econbiz.de/10013101588

International Trade and Directed Technical Change in Developing Countries

Kim, Minho - 2019

This paper examines the relation between the skill premium and international trade given differences in the relative supply of skills across countries while allowing the South (developing countries) to develop its appropriate technology. Typical assumptions put forward in the literature state...

Persistent link: https://www.econbiz.de/10012861644

FDI and unemployment, a growth perspective

Stepanok, Ignat - 2018

North-South foreign direct investment (FDI) is frequently viewed as a process in which jobs relocate from the North to the South. I build a growth model with two asymmetric trading economies, the North where firms innovate and the South where Northern firms invest to take advantage of lower...

Persistent link: https://www.econbiz.de/10011816895

Essays on offshoring, wage inequality and innovation

Benz, Sebastian - 2014

This volume was prepared by Sebastian Benz while he was working at the Ifo Institute. It was completed in December 2013 and accepted as a doctoral thesis by the Department of Economics at the University of Munich. It includes five self-contained chapters. All chapters discuss different...

Persistent link: https://www.econbiz.de/10011742945

International trade, intellectual property rights and the (un)employment of migrants

Guichard, Lucas; Stepanok, Ignat - 2021

We study the effect of trade liberalization and intellectual property rights (IPR) protection on the unemployment rate of migrants relative to non-migrants. We build a North-South trade and growth model with a positive steady state rate of migration. We find that bilateral trade liberalization...

Persistent link: https://www.econbiz.de/10012596968

Employment and exchange rates : the role of openness and technology

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2009

Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...

Persistent link: https://www.econbiz.de/10003847163

Employment, exchange rates and labour market rigidity

Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2010

There is increasing evidence that the interaction between shocks and labour market institutions is crucial to understanding the dynamics of employment. In this paper, we show that the inclusion of labour adjustment costs in a trade model affects the impact of exchange rate movements on...

Persistent link: https://www.econbiz.de/10003959141

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