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This paper examines the implications of increasing globalisation of stock market ownership on the economics of protection. Current data on European stock exchanges indicate that over 30 per cent of the stock market is foreign-owned in most cases, a large increase on a couple of decades ago.This...
Persistent link: https://www.econbiz.de/10005422999
I outline the potential implications of sectoral factor immobility for the debate on the effects of low-wage competition on wage inequality in advanced countries. In theory, the presence of sector-specific factors serves to damp the magnification effect of World traded prices upon relative...
Persistent link: https://www.econbiz.de/10005423009
Abstract Using a new set of measures of concentration of trade, I suggest that the opening up of trade to date has been … greatly exaggerated. At least judging on the basis of trade concentration, agriculture and service sectors should barely be … the global openness league table. Since there is a strong correlation between concentration of trade and poor economic …
Persistent link: https://www.econbiz.de/10005495703
into the component factors of trade surges in low wage products and technological change that has preoccupied the trade and …, when this may not be the case. Incorrect conclusions as to how trade surges and technology contribute to wage inequality …
Persistent link: https://www.econbiz.de/10005212404
recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply …
Persistent link: https://www.econbiz.de/10004993629
This note explores the value of search capital in interfirm matches in the outsourcing trade, by extending Rauch and … search imposes a similar order of magnitude trade barrier to most tariffs, and would be expected to affect both the intensive … and extensive margins of trade. …
Persistent link: https://www.econbiz.de/10004993630
on the volume of intermediate goods trade and the number of varieties produced are mutually reinforcing, resulting in a …
Persistent link: https://www.econbiz.de/10010420723
Persistent link: https://www.econbiz.de/10005613651