Globalisation, productivity growth, and labour compensation / Christian Dreger, Marius Fourné, Oliver Holtemöller ; editor: Halle Institute for Economic Research (IWH) - Member of the Leibniz Association
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Globalisation, productivity growth, and labour compensation
Discovery
1876900660
URN
urn:nbn:de:gbv:3:2-1025082
DOI
ISBN
ISSN
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Skalierung
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [2023?]
Content
1 Online-Ressource (III, 39 Seiten, 0,93 MB) : Diagramme
Edition
This version: December 18, 2023
Language
eng
Comment
Literaturverzeichnis: Seite 26-31
Abstract
We analyze how changes in international trade integration affect productivity and the functional income distribution. To account for endogeneity, we construct a leave-out measure for international trade integration for country-industry pairs using international input-output tables. Our findings corroborate on the country-industry level that international trade integration increases productivity. Moreover, we show that both trade in intermediate inputs and trade in value added is associated with lower labor shares in emerging markets. For advanced countries, we document a positive effect of trade in value added on the labor share of income. Further, we show that the effects on productivity and labor share are heterogeneous across different sectors. Finally, we discuss the implications of our results for a possible throwback in international trade integration due to experiences from recent crises.
Series
IWH-Diskussionspapiere ; 2022, no. 7 (March 2022) [rev.] ppn:837399270