Showing 1 - 10 of 224
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States … response of employment and wages in ES, a high sensitivity of IT to investment-related shocks, and a comparatively strong … GDP growth differentials, and together with structural differences also contributed to differences in employment …
Persistent link: https://www.econbiz.de/10012268789
Along time the European Union (EU) has been pointed as the most succeeded example of regional integration. Now, this example has been cruelly shaken by the EZ (Euro Zone) crisis, originating increasing doubts about the integration process. It is evident that the proposed solutions for attacking...
Persistent link: https://www.econbiz.de/10011515832
The impact of robots on employment and trade is a highly discussed topic in the academic and public debates … advantage. We provide evidence on the effects of robots on worldwide employment, including emerging economies. To instrument the …. Robots turn out to have a significantly negative impact on worldwide employment. While it is small in developed countries …
Persistent link: https://www.econbiz.de/10012431525
Standard trade theory relies on the assumption of long-run full-employment, thus implying that although trade can … affect wage rates and change the sectoral distribution of employment, it has no effect on the overall level of employment. In … the empirical literature, it is a controversial debate that trade openness is good for employment in the long-run. If so …
Persistent link: https://www.econbiz.de/10011535180
This paper examines the effects of unilateral tax policy in the open economy. We construct a general equilibrium trade model with heterogeneous agents allowing for country asymmetries. We find that in contrast to a symmetric country set-up the share of exporting firms is endogenous. We show that...
Persistent link: https://www.econbiz.de/10012296408
employment by 3.99 percentage points, whereas imports increased manufacturing employment by 2.33 percentage points. We find no … effects of trade integration with China on the employment margin. We complement our findings with results on regional wage … employed and have more (less) stable employment outcomes, defined as working in the same firm or industry. These effects of …
Persistent link: https://www.econbiz.de/10011508139
The distance puzzle has been wildly discussed in the literature since Leamer and Levinsohn (1995) shed the light on it. This puzzle simply says that "the world is not getting smaller": distance still matters to account for trade. This is reflected in a decreasing distance of trade (DOT), or in a...
Persistent link: https://www.econbiz.de/10011575880
Based on the gravity model of international trade, this paper initially analyzes North Korea's international trade pattern, which tends to follow the prediction of the gravity model: a positive relationship between trade and trading partners' GDP, and negative relationship between trade and...
Persistent link: https://www.econbiz.de/10012168636
This article deals with the domestic location of German multinational firms which have affiliates in the Czech Republic. Due to the common border the Czech Republic represents an attractive target country for both vertical and horizontal direct investments. In the year 2009 the sum of direct and...
Persistent link: https://www.econbiz.de/10011515010
I investigate the effect of changing language skills on trade using an unique panel data set on spoken language. It tracks over thirty, mostly European, countries from the mid-90s to the beginning of the 2010s. In this period, European countries have witnessed an advancing trade integration and...
Persistent link: https://www.econbiz.de/10013342071