We exploit gaps between observed and recently forecasted GDP growth in export destinations to estimate the effects of unexpected export shocks on worker compensation. Using employer-employee panel data, we find that these export shocks are partly transmitted to workers in the form of higher...

This paper aims to identify factors that determine functional specialisation (FS) in global value chains (GVCs) in European Union countries. We focus on fabrication and R&D as two opposite business functions in terms of their character and their potential of creating value-added. To make our...

The role of contracting institutions, particularly the role of contract enforcement efficiency in shaping corporate vertical boundaries, has been largely overlooked. Using a quasi-natural experiment of “Announcement of Dishonest Persons” in China, we find that improved contract enforcement...

Relationships have changed dramatically in the last fifty years. Fewer couples are marrying, more are cohabiting. Reasons for this shift abound, but the shift may have consequences of its own. A number of models predict that those cohabiting will specialize less than those marrying. Panel data...

The Equal Pay Act of 1963 and Title IX of the Education Amendments of 1972 aimed to end sex-based discrimination at work and in education. Since the passage of these landmark acts, gender equity has come a long way. More women than men are earning college degrees, including Ph.Ds., and women do...

The informal institution of social trust has a crucial impact on economic activities. Based on social learning theory and social network theory, this paper selects China's A-share listed firms to investigate the impact of social trust on the enterprises' participation in the professional...

We study how technology adoption and changes in global value chain (GVC) integration jointly affect labor shares and business function specialization in a sample of 14 manufacturing industries in 14 European countries in 1999-2011. Our main contribution is to highlight the indirect effect of...

Relationships have changed dramatically in the last fifty years. Fewer couples are marrying, more are cohabiting. Reasons for this shift abound, but the shift may have consequences of its own. A number of models predict that those cohabiting will specialize less than those marrying. Panel data...

This study explores whether hospitals with higher increases in obesity levels have higher CS rates and the consequential effects on maternal and newborn health in Mexico for 2008-2015. It models how changes in the obesity level of hospitals' patient pools may affect the quantity and quality of...

The current paper explores the structural changes in employment in Brazil during the period comprehended between 2002 and 2021, subdivided into three sub-periods: 2002-2014, sustained growth and expansion; 2015-2019, political and economic crises; and 2019-2021, the COVID-19 pandemics and its...

This paper addresses two questions namely, first, the extent to which the very participation in Global Value Chains (GVCs) has penalised labour as a globally insourced production input, and, second, what happened to between-occupation functional inequality. We combine input-output (I-O) tables...

This study explores whether hospitals with higher increases in obesity levels have higher CS rates and the consequential effects on maternal and newborn health in Mexico for 2008-2015. It models how changes in the obesity level of hospitals' patient pools may affect the quantity and quality of...

Specialization leads to efficient production structures generating welfare gains, while the resulting interconnectedness of countries spread shocks more rapidly rendering the global economic system more volatile. This paper applies the framework of Ecological Network Analysis on global...

Prior research on auditor industry specialization documents fee premiums for local audit offices that are industry specialists. This research assumes that the effects of specialization are uniform across markets. We examine industry specialization based on the economic theory of industry...

In this study, we use the data of listed firms in China to investigate the influence of informal institution, namely Confucian culture, on the firms’ participation in the professional division of labor. We find that the stronger the firms are influenced by Confucian culture, firms are more...

We exploit gaps between observed and recently forecasted GDP growth in export destinations to estimate the effects of unexpected export shocks on worker compensation. Using employer-employee panel data, we find that these export shocks are partly transmitted to workers in the form of higher...

It is widely acknowledged that the quest for social status can result in an inefficient consumption "rat-race" and the existing literature has discussed how taxes can mitigate the associated externalities. We suggest a new reason to tax conspicuous consumption. Our paper highlights that taxing...

Relationships have changed dramatically in the last fifty years. Fewer couples are marrying, more are cohabiting. Reasons for this shift abound, but the shift may have consequences of its own. A number of models predict that those cohabiting will specialize less than those marrying. Panel data...

This paper, using a long-term, product-level cross-country dataset, analyzes the trade-growth nexus by introducing two novel indicators able to capture demand and supply attributes of countries' quality of specialization. The Keynesian efficiency index measures demand attractiveness of the...

We analyze how trade affects aggregate volatility using a multi-country, multiindustry, and multi-destination framework. We decompose aggregate output growth risk into destination risk, origin risk, and idiosyncratic risk (and their covariances). We then use this framework to run counterfactuals...

Being a form of territorial division of labor, economic specialization should be considered as a strategic management priority, contributing to a competitive territorial production structure and, consequently, regional economic growth. The article is devoted, firstly, to the development of a...

We study green specialisation across EU countries and detailed 4-digit industrial sectors over the period of 1995-2015 by harmonizing product-level data (PRODCOM). We propose a new list of green goods that refines lists proposed by international organizations by excluding goods with double...

This paper quantitatively assesses the world's changing economic geography and sectoral specialization due to global warming. It proposes a two-sector dynamic spatial growth model that incorporates the relation between economic activity, carbon emissions, and temperature. The model is taken to...

The informal institution of social trust has a crucial impact on economic activities. Based on social learning theory and social network theory, this paper selects China's A-share listed firms from 2011 to 2020 to investigate the impact of social trust on the enterprises' participation in the...

Localisation economies are known to boost the regional economy and its growth potential. The emergence of these effects is due to localised knowledge flows, the closeness to markets, and the diversity of services and industries. Localisation economies have the potential to increase the...

This paper studies the impact of knowledge specialization on earnings losses following displacement. We develop a novel measure of the specialization of human capital, based on how concentrated the knowledge used in an occupation is. Combining our measure with individual labor histories from the...

Extant scholarship has typically assumed that VC firms prefer to pick winners. I offer an alternative perspective: that specialist VC firms can select less attractive startups—with innovative potential but in need of help—and then contribute to the startups’ innovative processes so they...

This paper, using a long-term, product-level, cross-country dataset, analyzes the trade–growth nexus by introducing two novel indicators able to capture demand and supply attributes of countries’ quality of specialization. The Keynesian efficiency index measures demand attractiveness of the...

We study the determinants of auditor industry specialization, the impact of specialization on fees and audit quality, and a regulator's optimal choice of audit standards in the presence of specialization. In industries with correlated firm values, a specialist auditor enjoys synergies from...

As resources dried up and technology developed, human beings began to consider the possibility of asteroid mining. Space resources should be shared by all of the mankind, thus raising concerns about global equity among asteroid mining stakeholders. In the first part we redefine the global equity...