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This paper examines industry-level responses of manufacturing employment in the context of globalization using a large sample of developed, developing, and transition economies. We find that developing countries need atypically high rates of value-added growth (about 10 %) to increase...
Persistent link: https://www.econbiz.de/10011431690
This study analyzes the effect of Foreign Direct Investment (FDI) inflows on the employment and wages of low- and high-skilled employees in the manufacture and service sectors in Mexico. The study implements a quarterly panel dataset covering the 32 Mexican states from 2005 to 2018. The...
Persistent link: https://www.econbiz.de/10012297619
This paper explores the evolution of the average wage of employees over the life-cycle of a manufacturing plant. The average wage starts out low for a new plant and increases along with labor productivity as the plant ages. As a plant approaches exit, its average wage falls, but more slowly than...
Persistent link: https://www.econbiz.de/10010221105
Industry 4.0 is the essence of the fourth Industrial revolution and is happening right now in manufacturing by using cyber-physical systems (CPS) to reach high levels of automation. Industry 4.0 is especially beneficial in highly developed countries in terms of competitive advantage, but causes...
Persistent link: https://www.econbiz.de/10011902920
This paper is the first to analyse a much broader range of correlates of job growth simultaneously for each country individually across all 12 East Asian and Pacific countries with stratified randomised enterprise survey data between 2009 and 2012. It acknowledges the strong data limitations and...
Persistent link: https://www.econbiz.de/10011430177
Industrial decline and restructuring in the transition economies presents a prime example of the relationship between changes in aggregate economic indicators and underlying microeconomic adjustments. This paper employs matched labor force survey data to focus on the magnitude and determinants...
Persistent link: https://www.econbiz.de/10009685011
Conventional wisdom and prevailing economic theory hold that the new owners of a privatized firm will cut jobs and wages. But this ignores the possibility that new owners will expand the firm's scale, with potentially positive effects on employment, wages, and productivity. Evidence generally...
Persistent link: https://www.econbiz.de/10011421952
This paper analyzes job creation when the Korean economy transitioned to a knowledge economy from the 1990s to the 2010s. During this period, the ratio of service to manufacturing jobs increased, knowledge intensive industries grew, and job creation became geographically concentrated around...
Persistent link: https://www.econbiz.de/10013370469