Showing 1 - 10 of 174
This paper estimates the impact on the US economy of four types of uncertainty about (i) government spending, (ii) tax changes, (iii) public debt sustainability and (iv) monetary policy. Following a one standard deviation shock, uncertainty about debt sustainability has the largest and most...
Persistent link: https://www.econbiz.de/10011084234
The semiconductor arrangement was intended to enhance free trade based on market principles. This paper argues that the … provisions to double U.S. market share in Japan to counter market closure. Given semiconductor production technology, the price … floor forced a capacity reduction, a rise in world prices and a cartelization of the market. Since the observed dumping was …
Persistent link: https://www.econbiz.de/10005791362
This Paper focuses on two distinct facets of globalization: the decrease in the trade costs of goods and the decline of communication costs between headquarters and production facilities within firms. When the unskilled have about the same wage in the two regions, the decrease of these costs...
Persistent link: https://www.econbiz.de/10005498045
intensity. Next, using a novel data set based on the World Input-Output Database (WIOD), we examine the importance of the supply …
Persistent link: https://www.econbiz.de/10011083958
The comovement between exports and productivity observed in many countries suggests a direct link between these two … attempts to examine this relationship, while recent trade theory suggests that the relationship between trade and productivity … suggest that exports, productivity and the terms of trade move together in the long run in all countries except the United …
Persistent link: https://www.econbiz.de/10005504339
would reflect higher productivity of more senior workers. If this were true, the observation of an effect of seniority on … wages would depend on the presence of controls for individual productivity. In this paper we replicate, using personnel data …' evaluations were used as productivity indicators. Since the validity of supervisors' evaluations as measures of productivity has …
Persistent link: https://www.econbiz.de/10005504362
aggregation problem introduces a bias into standard measures of firm productivity. We develop a theoretical model of heterogeneous …
Persistent link: https://www.econbiz.de/10005504461
, explains the initial rise in unemployment. The reduction in union power also helps to explain the acceleration in productivity … low wages and productivity. A fall in union power results in a reduction in these inefficiencies and leads not only to a … rise in productivity but also in wages. …
Persistent link: https://www.econbiz.de/10005504742
We study the implications of electoral corruption for resource allocation, factor market equilibrium and inequality. We focus on the control of the voting of agricultural workers by landlords and show that if the employment relationship is subject to moral hazard then the resulting rents...
Persistent link: https://www.econbiz.de/10005504774
Using two matched plant level skills and productivity datasets for UK manufacturing we document that (i) more …
Persistent link: https://www.econbiz.de/10005497762