Working Paper No. 586

International Financial Liberalization and Industry Growth

Publicerad: November 21, 2002Antal sidor: 41Nyckelord: Financial Liberalization; Financial Integration; Economic GrowthJEL-koder: F3; G1; O4

International Financial Liberalization and Industry Growth Jonas Vlachos and Daniel Waldenström


The growth effects of international financial liberalization and integration are investigated using the methodology and data developed by Rajan and Zingales (1998). The main result is that industries highly dependent on external financing do not experience higher growth in value added in countries with liberalized financial markets. Liberalization does, however, increase the growth rates of both production and firm creation among externally dependent industries - given that the countries have reached a relatively high level of financial development. These results are consistent both with increased competition and increased outsourcing. Some preliminary evidence point towards the latter explanation.

Daniel Waldenström

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Tel: 08 665 4584
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daniel.waldenstrom@if...

Jonas Vlachos

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Tel: 08 16 30 46
Mobil: 070 893 3240
jonas.vlachos@ne.su.se

Kollektivavtal och lönebildning i en ny tid

Kollektivavtal-framsida.gif

 Kollektivavtal och lönebildning i en ny tid av Lars Calmfors, Simon Ek och Per Skedinger, IFN, samt Ann-Sofie Kolm, Stockholms universitet, analyseras olika sätt att göra lönebildningen mer flexibel. Analysen utmanar den etablerade synen inom partsorganisationerna på hur lönebildningen bör fungera. 

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