| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP4916 |
| DP4916 Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes | |
| Kose John; Viral Acharya; Rangarajan K Sundaram | |
| 发表日期 | 2005-02-23 |
| 出版年 | 2005 |
| 语种 | 英语 |
| 摘要 | This study examines the impact of Poland?s trade liberalization 1994-2001 on the industry wage structure. The liberalization was undertaken in preparation for Poland?s accession to the European Union and was more pronounced in industries with larger shares of unskilled labour. Our analysis indicates that a decrease in an industry tariff was associated with higher wages being earned by workers employed in the industry, controlling for worker characteristics and geographic variables. The result is robust to including year and industry fixed effects, controlling for industry-level exports, imports, concentration, stock of foreign direct investment and capital accumulation. The finding is consistent with liberalization increasing competitive pressures, forcing firms to restructure and improve their productivity, which in turn translates into higher profits being shared with workers. It could also be potentially attributed to trade liberalization lowering the costs of imported inputs, which enhances firm profitability. The result holds when skilled workers are excluded from the sample, thus suggesting that reductions in trade barriers benefited the unskilled in terms of an increase in wages. |
| 主题 | International Trade and Regional Economics |
| 关键词 | Trade liberalization Wages Globalization Transition |
| URL | https://cepr.org/publications/dp4916 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/533818 |
| 推荐引用方式 GB/T 7714 | Kose John,Viral Acharya,Rangarajan K Sundaram. DP4916 Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes. 2005. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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