Anthony Edo, L. Ragot, Hillel Rapoport, Sulin Sardoschau, Andreas Steinmayr, Arthur Sweetman
{"title":"An introduction to the economics of immigration in OECD countries","authors":"Anthony Edo, L. Ragot, Hillel Rapoport, Sulin Sardoschau, Andreas Steinmayr, Arthur Sweetman","doi":"10.1111/caje.12482","DOIUrl":"https://doi.org/10.1111/caje.12482","url":null,"abstract":"The share of the foreign-born in OECD countries is increasing, and this article summarizes economics research on the effects of immigration in those nations. Four broad topics are addressed: labor market issues, fiscal questions, the political economy of immigration, and productivity/international trade. Extreme concerns about deleterious labour market and fiscal impacts following from new immigrants are not found to be warranted. However, it is also clear that government policies and practices regarding the selection and integration of new migrants affect labour market, fiscal and social/cultural outcomes. Policies that are well informed, well crafted, and well executed beneficially improve population welfare.","PeriodicalId":141495,"journal":{"name":"Canadian Journal of Economics/Revue canadienne d'économique","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126488097","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Multilateral bargaining with proposer selection contest","authors":"Duk Gyoo Kim, Sang‐Hyun Kim","doi":"10.17605/OSF.IO/WJ9PQ","DOIUrl":"https://doi.org/10.17605/OSF.IO/WJ9PQ","url":null,"abstract":"This study investigates the competition to be selected as the proposer in a subsequent multilateral bargaining game experimentally. The experimental environment varies in two dimensions: reservation payoffs (homogeneous or heterogeneous) and information on the extent of each subject’s investment in the competition (public or private). The proposer’s share was significantly lower than what theory predicts, and with taking into account the proposer’s partial rent extraction, subjects over-invest to increase their chances of winning the right of proposal. More importantly, we find that inefficiency (due to the levels of spending) and inequality go hand in hand; the surplus was distributed most efficiently and most equally when the reservation payoffs were heterogeneous, and subjects were informed of who had spent how much in the competition. The proportion of proposals being rejected was smaller in public treatments than in private treatments. This study contributes to the literature by identifying formal rules that are more effective in establishing efficient informal norms.","PeriodicalId":141495,"journal":{"name":"Canadian Journal of Economics/Revue canadienne d'économique","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-09-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126977114","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"European influence and economic development","authors":"T. Eicher, David J. Kuenzel","doi":"10.1111/CAJE.12385","DOIUrl":"https://doi.org/10.1111/CAJE.12385","url":null,"abstract":"The development accounting literature identifies political institutions as fundamental development determinants. Forms of government or executive constraints are thought to shape economic institutions (e.g., property rights) which provide the necessary incentives for economic growth. The consensus in this literature is that European influence affects economic development, presumably via the adoption of European institutions. But how exactly did European influence in the distant past induce positive economic outcomes today? While previous approaches rely on “language,” “settler mortality,” “legal origins,” or the “number of European settlers” as indirect proxies of European influence, we propose a direct and quantifiable mechanism: the adoption of European constitutional features. We construct a dataset of all constitutional dimensions in all countries from 1800-2008, and find that nations experience growth spurts after adopting features of European constitutions. The growth effects are influenced (negatively) by periods of political turmoil, but they are independent of colonial backgrounds. These results imply that countries have been able to overcome adverse initial conditions over the last 200 years by adjusting European influence via the adoption of European constitutional features. Our constitutional dataset is also sufficiently detailed to identify which dimensions of European constitutions matter for development, namely legislative rules and provisions that curtail executive power.","PeriodicalId":141495,"journal":{"name":"Canadian Journal of Economics/Revue canadienne d'économique","volume":"145 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127305850","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Non‐linearities in international prices","authors":"Inkoo Lee, Sang Soo Park, Marios Zachariadis","doi":"10.11644/kiep.eaer.conf.2016.9","DOIUrl":"https://doi.org/10.11644/kiep.eaer.conf.2016.9","url":null,"abstract":"We consider multiple sources of non-linearity at the same time within a structural model that accounts for previously omitted variables and allows estimation of product-level convergence rates both within and outside the band of no trade. Accounting for the role of theoretically-implied variables and their non-linear interactions in the convergence process, we find that good-level convergence rates are systematically faster as compared to convergence estimates from reduced-form models. Contrary to conventional wisdom, we find that good-level price differentials exhibit mean-reverting behavior even within the bands of no trade, and that rates of mean-reversion within or outside the no-trade band are strongly related to goods' economics characteristics. Furthermore, while implied trade costs dramatically increase as we move from within country comparisons to comparisons across countries, inconsistent with our priors services have somewhat comparable trade costs to tradable goods. Finally, wage differentials are negatively associated with the speed of price adjustment and this effect is stronger for city pairs that are farther apart.","PeriodicalId":141495,"journal":{"name":"Canadian Journal of Economics/Revue canadienne d'économique","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"120958232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Asymmetric trade liberalizations and current account dynamics","authors":"Alessandro Barattieri","doi":"10.1111/caje.12591","DOIUrl":"https://doi.org/10.1111/caje.12591","url":null,"abstract":"In this paper, I show a strong positive correlation between the value-added share of manufacturing in 2000 and current account balances in 2007 for the Euro area countries. I propose asymmetries in the timing of trade liberalizations as a new mechanism affecting the dynamics of the current account. I build intuition using a simple model. Then, I use an international business cycle model to show how the asymmetric dynamics of trade costs in manufacturing and services in 2000-2007 can partially explain the rise in the German surplus. Lastly, I provide broad empirical support for the key predictions of the theory.","PeriodicalId":141495,"journal":{"name":"Canadian Journal of Economics/Revue canadienne d'économique","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115551113","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}