Offshoring and labour market reforms in Germany: Assessment and policy implications
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文摘

Synthetic general equilibrium model of the German experience since 1995

Offshoring explains the gains in competitiveness, and labour market reforms reduce unemployment.

The model replicates the sequence of observed facts.

This experience could be extended to other EU countries, but with higher cost and lower efficiency.

Alternative strategies could lessen unemployment without increasing inequality.

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