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It is well-known that preferential trade agreements involving final products may raise or lower welfare, depending upon whether the trade-creating elements dominate or not. The object of this paper is to examine the effects of preference arrangements covering trade in goods as well as components...
Persistent link: https://www.econbiz.de/10005700463
The world economy has become more open and integrated in recent years. Countries are more engaged in international trade and the importance of tradables relative to non-tradables in national output is rising everywhere. Capital flows more freely among countries and workers cross borders more...
Persistent link: https://www.econbiz.de/10005700464
Globalization seems to have diminished the importance of geographical distance. However, empirical studies find that …
Persistent link: https://www.econbiz.de/10005700516
To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms … compete both in the product market and in the managerial market. We show that globalization, i.e. the simultaneous integration …
Persistent link: https://www.econbiz.de/10005700814
Migration is an unavoidable aspect of globalization. While full flexibility is politically unfeasible, the paper argues … for regulated openness. Migration in the age of globalization should be judged according to the labor market needs of the …
Persistent link: https://www.econbiz.de/10005700870
This paper argues that the implications of globalization for monetary policy come mainly through two channels: On the … one hand, the many structural changes, which are associated with the globalization process, cause an increase in … integration, the globalization process increases international competition. Thereby, globalization forces market players to make …
Persistent link: https://www.econbiz.de/10005702816
This paper takes advantage of the availability of rich panel data on the mobility of talented football players, and the performances of national leagues and teams to quantify the effect of the reduction in mobility restrictions, the 1995 Bosman rule, on global efficiency and cross-country...
Persistent link: https://www.econbiz.de/10010733661
Despite the current uncertain economic times, the globalization has continued to perform. One can see the … interconnection between the economies around the world in the levels of developing the cross-border trade. The globalization has … paper is related to the use of economic globalization index. The objective evaluation of both causes and consequences on …
Persistent link: https://www.econbiz.de/10010733814
There are many ways by which globalization has been defined. People around the world are more linked to each other than … fast. This fact has been termed as “globalization.” The positive and negative affects of globalization and the groups that … resist and support globalization are many. Some of the impacts of globalization can be seen on small farmers in developed and …
Persistent link: https://www.econbiz.de/10010734622
Recent theoretical analysis suggests that a reduction in the cost of exporting increases the degree of assortative matching between workers and firms in export-oriented industries. Changes that reduce the cost of imports have an ambiguous impact on matching. We combine detailed Swedish matched...
Persistent link: https://www.econbiz.de/10010734781