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Over the last decades there has been a sizeable increase in trade and financial openness, triggered by current and capital account liberalization as well as improvements in transport and communication technologies. As a consequence, the importance of spillover effects is likely to have increased...
Persistent link: https://www.econbiz.de/10011518032
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We investigate the effects of on-the-job training on firm productivity and wages.We use a large panel data set of manufacturing firms in China with national representativeness.We combine the propensity score matching and the difference-in-differences techniques to estimate the treatment effect...
Persistent link: https://www.econbiz.de/10013227597
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The study examined the impact of globalization on poverty rate with evidence from middle-income country. It focused on … globalization had negative and significant impact on poverty rate in Nigeria. Therefore, the conclusion was made that globalization … ensure that the dividend of economic growth from globalization is properly shared among the poor, as this would reduce the …
Persistent link: https://www.econbiz.de/10014466458
The trade and labor nexus is examined with a model incorporating refinements which weaken the H-O-S result that free trade can cause factor rewards to equalize. Asian growth and rising openness in the period 1970-1992, taken in isolation, are found to confer net benefits in the older...
Persistent link: https://www.econbiz.de/10014066898
This paper studies how a positive export shock - the sharp increase in garment-sector exports that began at the end of the Multifibre Arrangement (MFA) - spread through Bangladesh's labor markets. Although the end of the MFA was arguably exogenous to Bangladesh, we instrument export demand with...
Persistent link: https://www.econbiz.de/10012838506
The trade and labour nexus is examined with a model incorporating refinements which weaken the H-O-S result that free trade can cause factor rewards to equalize. Asian growth and rising openness in the period 1970-1992, taken in isolation, are found to confer net benefits in the older...
Persistent link: https://www.econbiz.de/10014074821
We develop a model of foreign direct investment (FDI) in which financially liquid foreign firms acquire liquidity-constrained target firms. Using a large dataset of emerging-market acquisitions, we find evidence supporting three central predictions of the model: (i) firms in external finance...
Persistent link: https://www.econbiz.de/10010459088
​In the presence of high uncertainty and limited experience, can observing the actions of other acquiring predecessors help firms make better acquisition decisions? Using a sample of cross-border M&As conducted by US acquirers in developing countries, we document a positive and significant...
Persistent link: https://www.econbiz.de/10013046135