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In many European countries, wages are determined by collective bargaining agreements intended to improve wages and reduce inequality. We study the local and aggregate effects of collective bargaining in Italy and Germany. The two countries have similar geographical differences in firm...
Persistent link: https://www.econbiz.de/10011998613
Persistent link: https://www.econbiz.de/10001953289
We analyze how globalization has affected the sectoral anatomy of regional growth in Germany over the period 1978-2008. The aggregate German economy is characterized by a secular decline of manufacturing and a rise of modern service industries. This trend - also known as Petty's law - is not...
Persistent link: https://www.econbiz.de/10010350823
In this paper we study the dynamics of local employment growth in West Germany from 1980 to 2001. Using dynamic panel techniques, we analyse the timing of the impact of diversity and specialisation, as well as of the human capital structure of local industries. Diversity has a positive effect on...
Persistent link: https://www.econbiz.de/10003147314
Before and after its accession to the WTO in 2001, China has undergone a far-reaching investment liberalisation. As … positively to China's "science and technology take-off". …
Persistent link: https://www.econbiz.de/10010510581
We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows … enormous pool of domestic savings could have a significant impact on global financial markets as China continues to open up its … foreign portfolio allocations, Chinese IIs overweight sectors in which China has a comparative disadvantage. Moreover, Chinese …
Persistent link: https://www.econbiz.de/10012178659
China's government is promoting the shift towards a consumption-based economy since a few years. The explicit goal to … paper, we raise the hypothesis that soaring wages negatively affect FDI inflows to China and alter the distribution of FDI … the distribution of FDI within China. In addition, we show that the changes in China's economic strategy improve the …
Persistent link: https://www.econbiz.de/10011517943
Brazil, Russia, India, China and South Africa (BRICS). We contribute to addressing this gap by exploring the patterns of … de-industrialization (Brazil, Russia and South Africa). China is the only country where an expanding manufacturing sector … China and the other BRICS. These differences are down to differences in industrial policy: in China industrial policy …
Persistent link: https://www.econbiz.de/10009786965
quality played an important role in raising the extensive margin of processing exports in China for the period of 1997 …. -- product cycle ; ownership structure ; contract environment ; export variety ; processing trade ; China …
Persistent link: https://www.econbiz.de/10009516919
We study the dispersion in rates of provincial economic- and TFP growth in China. Our results show that regional growth … regional gaps in China as well as an efficient means to promote economic growth. -- China ; TFP growth ; economic growth …
Persistent link: https://www.econbiz.de/10003735417