This paper presents a theoretical analysis of the 'Dutch Disease': the phenomenon whereby a boom in one traded goods sector squeezes porfitability in other traded goods sectors, both by directly bi ...

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Booming Sector and De-Industrialisation in a Small Open Economy

Death is the new sex, last great taboo in Western society and Western medicine, as Richard Smith discusses in his editorial (p 129). In the trinity of births, marriages, and deaths, only death does not have glossy magazines devoted to stylish consumption at the attendant ceremonies. On the web, of course, …

Death and dying

THIS paper aims to consolidate a growing literature on booming sector economics and the Dutch Disease. The term Dutch Disease refers to the adverse effects on Dutch manufacturing of the natural gas discoveries of the nineteen sixties, essentially through the subsequent appreciation of the Dutch real exchange rate.' The paper is also intended to fill some theoretical gaps, notably in sections 5 (immigration), 6 (endogenous terms of trade effects), 7 (domestic absorption) and 10 (dynamics). The issues have been widely discussed in many countries, notably the oil exporters. The key article in the British discussion on the effects of North Sea oil is Forsyth and Kay (1980).2 Booming Sector models can also illuminate many historical episodes where there have been sectoral booms, with adverse general equilibrium effects on other sectors. Thus there is wide scope for application in economic history. For example, Forsyth and Nicholas (1983) have interpreted the consequences on Spanish industry of the inflow of American treasure in the sixteenth century in Dutch Disease terms. Cairnes (1859) recognised that the gold discoveries in Australia in the eighteen fifties had Dutch Disease effects on some Australian industries, and this episode has recently been studied in Maddock and McLean (1983).

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Booming sector and dutch disease economics: survey and consolidation

http://faculty.smu.edu/millimet/classes/eco7321/papers/hartog 2000.pdf

Over-education and earnings: Where are we, where should we go?

This paper tests the hypotheses that overall wage compression and low female supply relative to demand reduce a country's gender pay gap. Using micro-data for 22 countries over the 1985-94 period, we find that more compressed male wage structures and lower female net supply are both associated with a lower gender pay gap. Since it is likely that labor market institutions are responsible for an important portion of international differences in wage inequality, the inverse relationship between the gender pay gap and male wage inequality suggests that wage-setting mechanisms, such as encompassing collective bargaining agreements, that provide for relatively high wage floors raise the relative pay of women, who tend to be at the bottom of the wage distribution. Consistent with this view, we find that the extent of collective bargaining coverage in each country is significantly negatively associated with its gender pay gap. Moreover, the effect of pay structures on the gender pay gap is quantitatively very important: a large part of the difference in the gender differential between high gap and low gap countries is explained by the differences across these countries in overall wage structure, with another potentially important segment due to differences in female net supply.

https://papers.ssrn.com/sol3/Delivery.cfm/nber_w8200.pdf?abstractid=265295&mirid=5

Understanding International Differences in the Gender Pay Gap

Over the last 25 years three facts have dominated much of the discussion of the macro labour market in the United States (US): constant or falling average real wages, the large increase in wage inequality, and strong employment growth. These three facts, tied together by simple models of labour demand and supply, have had a profound effect on labour market policy in some English-speaking countries which have experienced slow employment growth and high unemployment rates since 1975. Policy in these countries - Australia, United Kingdom (UK) and New Zealand (NZ) - has been strongly influenced by the idea that to achieve faster employment growth for the young and unskilled it is necessary to move towards a US-style less regulated labour market which is capable of generating slower real wage growth, greater wage inequality and more jobs. Hence the UK introduced a number of labour market reforms during the early Thatcher years (Schmitt (1995)). Australia began to deregulate the labour market from 1989 and is continuing down this path. NZ introduced large-scale reforms under the Employments Contracts Act 1991 (Maloney (1997), Silverstone et al. (1996)).

Australian Responses to Increases in Unemployment and Wage Inequality: Comparisons with the United Kingdom, New Zealand and the United States

PurposeThe purpose of this paper is to reconsider, from a historical perspective, New Zealand’s reputation as a country largely without corruption, with particular reference to the colonial government’s confiscation of Māori land in the 19th century and beyond.Design/methodology/approachThis paper is based on published historical commentary.FindingsThe findings are that much of the Māori land confiscation was rendered legal for illegitimate purposes, and that the colonial and successive New Zealand governments abrogated the country’s foundational document, the Treaty of Waitangi, signed between the colonial government and many Māori chiefs in 1840. Adverse consequences for Māori have been felt to this day, despite the Treaty settlements process that began with the Māori renaissance in the mid-1970s.Originality/valueThe academic analysis of corruption in New Zealand has seldom if ever adopted this historical perspective.

Historical corruption in a ‘non-corrupt’ society: Aotearoa New Zealand

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Les pays avancés et émergents peuvent faciliter la tâche aux pays moins avancés pour qu'ils vendent plus de produits à l'étranger

The 2023 3rd International Conference on Financial Economics and Investment Management (FEIM 2023) was held on February 11-12, 2023 in Yokohama, Japan. FEIM 2023 aims to bring together leading academic scientists, researchers and research scholars to exchange and share their experiences and research results on all aspects of finance, investment, economics, business and marketing management. This conference also provides a premier interdisciplinary platform for researchers, practitioners and educators to present and discuss the most recent innovations, trends, and concerns as well as practical challenges encountered and solutions adopted in these fields. 
FEIM 2023 offers the opportunity for engineers, scientists, professionals, policymakers, investors, and other parties to review recent developments in these areas. The conference covers many topics under different fields. The outcome of the lectures, expert discussions and presentations will help our societies and will open new avenues. All papers published in this volume have been peer reviewed through processes administered by the editors. Reviews were conducted by expert referees to the professional and scientific standards expected of a proceedings journal. 
FEIM Organizing Committees 
Yokohama, Japan

Preface: 3rd International Conference on Financial Economics and Investment Management (FEIM 2023)

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Robert Gregory

Papers

Australian Responses to Increases in Unemployment and Wage Inequality: Comparisons with the United Kingdom, New Zealand and the United States

Historical corruption in a ‘non-corrupt’ society: Aotearoa New Zealand

Les pays avancés et émergents peuvent faciliter la tâche aux pays moins avancés pour qu'ils vendent plus de produits à l'étranger

Preface: 3rd International Conference on Financial Economics and Investment Management (FEIM 2023)

Las economías avanzadas y emergentes pueden ayudar a los países menos desarrollados a vender más productos en el exterior