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Growth in emerging market economies (EMEs) is set to durably slow from the rates observed over 2010-12 as cyclical effects fade, potential growth declines and external financing conditions tighten. Large negative current account balances make some EMEs vulnerable to sudden reversals in capital...
Persistent link: https://www.econbiz.de/10010374413
contributed to a lesser extent. In manufacturing, within-industry polarization is mostly associated with technological change, but … outside of manufacturing, technological change and offshoring are the most relevant forces affecting within … find that Chinese import competition contributed to the decline of employment in the less polarized manufacturing …
Persistent link: https://www.econbiz.de/10011793081
Persistent link: https://www.econbiz.de/10014273168
Persistent link: https://www.econbiz.de/10000977338
In the latest 30 years, Costa Rica's real GDP per capita has more than doubled, driven by increasing labour utilisation. Labour productivity has instead stagnated at around 30% of the more advanced OECD countries. Productivity growth has been lacklustre despite the opening up of markets to...
Persistent link: https://www.econbiz.de/10011577857
Despite a general trend of increasing labour income inequality, there have been differences in the timing, intensity and even direction of these changes across OECD countries. These stylized facts have led to numerous studies about the main determinants of labour income inequality and, as a...
Persistent link: https://www.econbiz.de/10009690322
This short paper analyses the decline of France’s trade balance over the past 15 years. While the loss in export market shares is comparable to that of the major OECD countries except Germany, it is one of the largest among the countries of the euro area. The determinants of this outcome seem...
Persistent link: https://www.econbiz.de/10009711211
The question of whether migration can be an equilibrating force in the labour market is an important criterion for an optimal currency area. It is of particular interest currently in the context of high and rising levels of labour market disparities, in particular within the Eurozone where there...
Persistent link: https://www.econbiz.de/10010257748
We propose a new method to analyse the changing skills structure of employment in countries based on the input-output structure of the world economy. Demand for jobs, characterized by skill type and industry of employment, is driven by changes in technology, trade and consumption. Using...
Persistent link: https://www.econbiz.de/10010464997
professional services are traded indirectly through value chains and are now crucial elements of manufacturing, strengthening these … productivity not only in the sectors, but also in manufacturing sectors that rely on these services as input. In this regard …
Persistent link: https://www.econbiz.de/10012421217