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Jobless Growth In The Central And Eastern European Countries, Özlem Onaran
Jobless Growth In The Central And Eastern European Countries, Özlem Onaran
PERI Working Papers
This paper estimates a labor demand equation based on the panel data of manufacturing industry in the Central and Eastern European Countries (the Czech Republic, Hungary, Poland, Slovakia, Slovenia, Lithuania, Bulgaria, and Romania) in order to test the effect of domestic factors (wages and output) and international factors (exports, imports, and FDI) on employment during the era of post-transition recovery. The findings indicate that employment does not respond to wages in more than half of the cases. The output elasticity of labor demand is mostly positive, but low, with a number of cases where employment is completely de-linked from output. …
Wage Share, Globalization, And Crisis: The Case Of The Manufacturing Industry In Korea, Mexico, And Turkey, Özlem Onaran
Wage Share, Globalization, And Crisis: The Case Of The Manufacturing Industry In Korea, Mexico, And Turkey, Özlem Onaran
PERI Working Papers
The aim of this paper is to analyze the changes in the wage share in manufacturing industry in Mexico, Turkey, and Korea in the era of globalization. The focus is on the one hand over the effects of globalization on the wage share , which are measured by the effects of international trade and FDI intensity of the economy. On the other hand, the process of opening up has been accompanied by major currency crises in most developing countries in the last decade, which has affected the wage share through exchange rate depreciation and economic recession. The paper develops a …
The New Face Of Unequal Exchange: Low-Wage Manufacturing, Commodity Chains, And Global Inequality, James Heintz
The New Face Of Unequal Exchange: Low-Wage Manufacturing, Commodity Chains, And Global Inequality, James Heintz
PERI Working Papers
The institutional structure of global commodity chains and cross-border production networks has a profound impact on how the benefits of globalized production are distributed. This paper engages with this issue by developing a model that combines the insights of earlier unequal exchange theorists and new work on global commodity chains to clarify the distributive dynamics of the expansion of low-wage manufacturing in the developing world. In this framework, the ability of productivity-led development to raise employment incomes in low-wage manufacturing is constrained and depends on how the benefits of productivity improvements are captured – as lower prices for consumers or …