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We examine the sources and micro-level mechanisms of the changes in the labor share of value added. We link the micro-level dynamics of the labor share change with that of productivity and wage growth. Using a useful variant of the decomposition method we make a distinction between the change in...
Persistent link: https://www.econbiz.de/10010273032
Vietnam's development performance since the early 1990s has been one of the strongest in the world, following the introduction of its doi moi (renovation) economic reform programme in 1986. The core of Vietnam's economic strategy has been rapid integration into the world economy, with a...
Persistent link: https://www.econbiz.de/10010273512
Germany exhibits a strong reduction in domestic manufacturing production depth (bazaar effect). I argue that this reflects an unbundling of comparative advantage. Using a model where Ricardian plus Heckscher-Ohlin-type comparative advantage relates to fragments of production, I compare a trading...
Persistent link: https://www.econbiz.de/10010274459
with globalization may be twin to each other. We provide statistical evidence of this so far neglected trade-off for a …
Persistent link: https://www.econbiz.de/10010274735
countries. We further show that globalization – interpreted as either market integration or increased product market competition …
Persistent link: https://www.econbiz.de/10010307033
We depart from the trade and wages literature and its emphasis on North-South trade, examining North-North by developing the basic linkages between trade-based integration and relative wages in an Ethier-type division of labor model. Using this model we identify a formal relationship between...
Persistent link: https://www.econbiz.de/10010325533
countries (LDCs) embarking on globalization, which enhances the prospect of direct technological imports or embodied … played by trade and FDI in determining employment. The empirical results obtained lend support to globalization having a …
Persistent link: https://www.econbiz.de/10010329092
In this paper we analyse the labor market and its relationship with globalization in two groups of countries similar in …. It is argued that the Latin American group adopted pro-globalization policies too quickly and without an adequate social …
Persistent link: https://www.econbiz.de/10010331394
This paper covers threes issues: first, defining and measuring inclusive growth; second, the relationship between international trade and inequality; and third, the links between infrastructure and inequality. Both international trade and infrastructure make it easier for people to exchange...
Persistent link: https://www.econbiz.de/10010397332
While the impact of globalization on income inequality has received a lot of attention, little is known about its …
Persistent link: https://www.econbiz.de/10010531758