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Full-Text Articles in Economics
Testing Backward Linkages Of Fdi In China, Zhuomin Liu
Testing Backward Linkages Of Fdi In China, Zhuomin Liu
Theses & Dissertations
Inward FDI (Foreign Direct Investment) affects productivity of local industries through three channels- direct effects, horizontal spillovers, and vertical linkages. This study focuses on the backward linkages of FDI in the 28 two-digit manufacturing sectors in China, as well as their horizontal and forward linkage effects. Two related tests, firm level pooled data test 1999-2002 and industrial level panel data test 1994-2003 are conducted to investigate whether backward linkages from multinational buyers brings productivity gain to local suppliers. Firm level tests provide convincing evidence that increase backward linkage of FDI will lead to productivity gains. This includes not only total …
Sticky Wage, Efficiency Wage, And Keynesian Unemployment, Chengze, Simon Fan
Sticky Wage, Efficiency Wage, And Keynesian Unemployment, Chengze, Simon Fan
Centre for Public Policy Studies : CPPS Working Paper Series
This paper provides a model of involuntary unemployment by combining the insights of the sticky wage theory and the efficiency wage theory. It implies that employed workers tend to supply more effort in response to economic downturns. So, a negative shock to an economy has intriguing impacts on the unemployment. The model also shows that a negative demand shock may have a relatively small effect on output since changes in work effort serve to partially mitigate the effects of the shock. Moreover, it yields some implications that complement the existing “work-sharing” literature.
The Lingnan Commentary - January 2005 (No. 10), Hong Kong Institute Of Business Studies, Lingnan University
The Lingnan Commentary - January 2005 (No. 10), Hong Kong Institute Of Business Studies, Lingnan University
The Lingnan Commentary 嶺南評論 : A Quarterly Review of Economic, Business and Social Issues by Lingnan University
No abstract provided.