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National Labour Markets, International Factor Mobility And Macroeconomic Instability
BNET
- 2006-12-18
We analyze how global economic integration of factor markets affects the stability of the macro economy, with respect to expectations-driven fluctuations, when countries differ in their labour market institutions. It is shown that, due to the occurrence of equilibrium indeterminacy, liberalization of capital movements is likely to be accompanied by...
News: CRIS highlights the danger of underestimating life expectancy.
- 2005-04-01
People in the UK are in danger not saving adequately for their retirement by severely underestimating their own life expectancy. According to a report from the Centre for Risk and Insurance Studies CRIS at the University of Nottingham, the average person in the UK...
Multinationals And Productivity Spillovers
BNET
- 2004-12-07
In last few years the British government has spent substantial sums in order to attract foreign multinationals to the UK. Amongst other things this has been motivated by the possibility that foreign multinationals bring with them new technologies which may "Spill over" to the economy. The present paper discusses the...
Export Oriented FDI
BNET
- 2004-11-25
It is well known that the performance of foreign firms compared to domestic companies is superior with respect to employment, wages, and productivity. In this paper we detail the export behaviour of foreign affiliates in the United Kingdom relative to indigenous firms. Our findings show that foreign firms are more...
Evaluating The Causal Effects Of Foreign Acquisition On Domestic Skilled And Unskilled Wages
BNET
- 2003-10-26
This paper investigates the effects of the takeover of a domestic establishment by foreign owners on the domestic target's development of wages for skilled and unskilled workers. We pay particular attention to identifying the causal effect, using a propensity score matching approach combined with a difference-in-differences estimator, and differences in...
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