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Full-Text Articles in Social and Behavioral Sciences
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 …