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We use leximetric data coding techniques and panel data econometrics to test for the economic effects of laws governing worker representation and industrial action in the large middle-income countries of Brazil, China, India, Russia and South Africa. We find that more worker-protective laws on...
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The empirical literature using vector autoregressive models to assess the effects of fiscal policy shocks strongly disagrees on even the qualitative response of key macroeconomic variables to government spending and tax shocks. We provide new evidence for the U.S. over the period 1955-2006. We...
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This paper investigates empirically how similarity of demand structures - approximated by similarity of income distributions - affects trade patterns along both the extensive and intensive margin. The idea that similarity of demand structures intensifies trade goes back to the well-known Linder...
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This paper sheds new light on the impact of AIDS on cross-country income levels. Our empirical analysis uses data for … 89 countries spanning the period 1979 to 2000 during which AIDS has spread across the world. We control for a variety of … estimation. For the full sample it is shown that AIDS has a negative and significant effect on the level of income in both the …
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