Showing 1 - 10 of 75
effects of integration but more pronounced labour market effects from immigration. …
Persistent link: https://www.econbiz.de/10001546276
The paper provides an overview on recent trends of immigration in OECD countries and on the possible effects of … immigration on labour markets and government budgets. It also discusses migration policies from an economic point of view. By …
Persistent link: https://www.econbiz.de/10001745874
Persistent link: https://www.econbiz.de/10002048612
immigration hurts people already in the country regardless of whether or not non-traded goods exist. The presence of international …
Persistent link: https://www.econbiz.de/10001708676
The paper deals with the effects of migration resulting from EU Eastern enlargement on the welfare states of Western Europe. Although migration is good in principle, as it yields gains from trade and specialization for all countries involved, it does so only if it meets with flexible labour...
Persistent link: https://www.econbiz.de/10002514755
The paper analyses the welfare effects of immigration when some sectors of the economy are characterized by wage … bargaining between unions and employers. We show that immigration is unambiguously beneficial if the wage elasticity of labor … immigration is ambiguous; little immigration hen reduces the native populations̕ welfare, whereas large scale immigration tends to …
Persistent link: https://www.econbiz.de/10001440842
The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10001753573
A strand of exchange rate models postulate exchange rate fluctuations are driven by saddle-path dynamics and the related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle-path, and stationarity dynamics. Monte Carlo results...
Persistent link: https://www.econbiz.de/10001914194
This article presents a systematic and extensive empirical study on the presence of Markov switching dynamics in three dollar-based exchange rates. A Monte Carlo approach is adopted to circumvent the statistical inference problem inherent to the test of regime-switching behavior. Two data...
Persistent link: https://www.econbiz.de/10002521054
Politicians travel extensively abroad, for various reasons. One purpose of external visits is to improve bilateral economic relations. In this paper, I examine the effect of state visits on international trade. I use a large data set covering the travel activities of the heads of state of...
Persistent link: https://www.econbiz.de/10003221934