How Does Technology Affect Skill Demand? Technical Changes and Capital-Skill Complementarity in the 21st Century

By Yifan (Eva) Gong. Macalester College.

This paper attempts to examine technology’s impact on the labor market through the lens of skilled labor. Technical changes in the late 20th century are skill-biased in nature, because they are found to complement with skilled labor who are adept at adopting new technologies. Continue reading How Does Technology Affect Skill Demand? Technical Changes and Capital-Skill Complementarity in the 21st Century

European Integration as a Determinant of Foreign Direct Investment in Central and Eastern Europe, 1995-2013

By Domagoj Babic. Princeton University.

When companies choose to undertake foreign direct investments (FDI) in emerging countries (such as those in Central and Eastern Europe) rather than their home countries or developed ones, they are usually attracted by lower wages and a lucrative entrance to a new and un(der)utilized market (Walsh and Yu, 2010). Continue reading European Integration as a Determinant of Foreign Direct Investment in Central and Eastern Europe, 1995-2013

Financial Development and Economic Growth at Different Income Levels

By Cody Kallen. Washington University of St. Louis.

This paper examines the effects of financial development on growth rates using a sample of countries at different points in time, with the observation for each country beginning at the year it reaches a GDP per capita of $10,000 in constant 2005 dollars. Continue reading Financial Development and Economic Growth at Different Income Levels