Hollweg, Claire H.
Macroeconomics, Trade, and Investment Global Practice
Author Name Variants
Fields of Specialization
International trade, Global value chains, Services, Labor markets, Development economics
Macroeconomics, Trade, and Investment Global Practice
Externally Hosted Work
Last updated January 31, 2023
Claire H. Hollweg is a senior economist with the Macroeconomics, Trade, and Investment Global Practice of the World Bank. Before studying economics, she worked as a journalist. She has worked with the government of South Australia and the Pacific Economic Cooperation Council in Singapore. Her research interests include development economics, with a focus on the nexus between trade, labor markets, servicification of manufacturing, and upgrading in global value chains. She holds a PhD and an MA in economics from the University of Adelaide.
Publication Search Results
Now showing 1 - 4 of 4
Publication(World Bank, Washington, DC, 2015-06) Cali, Massimiliano ; Hollweg, Claire H. ; Ruppert Bulmer, ElizabethIncreasing the trade integration of developing countries can make a vital contribution to boosting shared prosperity, but it also exposes producers and consumers to exogenous shocks that alter relative prices, sometimes positively and sometimes negatively. This paper discusses the short-run effects of trade-related shocks on households to capture the potential welfare impact on the poor. The discussion explores the channels through which trade shocks are transmitted to households in the bottom of the income distribution, namely through consumption, household production, and market-based labor activities. The degree to which price shocks are passed through from borders to point of sale is a key determinant of the gains from trade and the ultimate welfare impact. Trade changes in agriculture directly affect households through their consumption basket. Lower agricultural prices reduce the cost of consumables, but these welfare gains may be offset by lower earnings for households that produce these same goods. Poorer households tend to be net consumers of agricultural products, suggesting a net welfare gain, but agricultural wage workers could suffer from wage cuts. Because poorer households tend to consume relatively fewer nonagricultural products, that is nonessentials, any trade-related shocks to prices of nonagricultural product are likely to be transmitted via labor channels. Despite significant evidence that nonagricultural trade reform ultimately leads to job creation and enhanced productivity, the short-run effects can be mixed. The costs incurred by workers to transition to new jobs slow the adjustment of the economy to a new steady state. Labor mobility costs, which tend to be higher in developing countries and for unskilled workers, reduce the potential gains to trade by diverting labor market adjustment from its most efficient path.
Publication(Alex Publishers, 2017) Sanghi, Apurva ; Burns, Andrew ; Djiofack, Calvin ; Prihardini, Dinar ; Dissanayake, Jagath ; Hollweg, ClaireThis report assesses the future impact of two dynamically transforming economies – China and India – on Russia’s economy. China is slowing down and rebalancing its economy whereas India is rapidly expanding. What does this hold for Russia? The report begins with a snapshot of findings, followed by eight chapters. Chapter one motivates the topic and identifies analytical and empirical gaps that this report fills. Chapter two examines the current pattern of trade between Russia and the two countries, and it discusses how important – or not – China and India’s economies are for Russia. Chapter three follows by summarizing the results of three complementary approaches for measuring Russia’s trade potential with China and India (and also the rest of the world). Chapter fourth intuitively describes the customized methodology developed for this report; its major caveats and assumptions, and its possible extensions (technical details, for those interested, are in the annexes). Chapter fifth outlines four plausible scenarios of the potential impact on Russia of changes in China and India, and chapter sixth presents the results. Chapter seventh explores the sensitivity of results to changes key in assumptions. Finally, chapter eighth concludes with emerging policy implications for Russia.
Publication(World Bank, Washington, DC, 2016-03) Cali, Massimiliano ; Francois, Joseph ; Hollweg, Claire H. ; Manchin, Miriam ; Oberdabernig, Doris Anita ; Rojas-Romagosa, Hugo ; Rubinova, Stela ; Tomberger, PatrickThis paper develops a novel methodology to measure the quantity of jobs and value of wages embodied in exports for a large number of countries and sectors for intermittent years between 1995 and 2011. The resulting Labor Content of Exports database allows the examination of the direct contribution of labor to exports as well as the indirect contribution via other sectors of the economy for skilled and unskilled labor. The analysis of the new data sets documents several new findings. First, the global share of labor value added in exports has been declining globally since 1995, but it has increased in low-income countries. Second, in line with the standard Hecksher-Ohlin trade model, the composition of labor directly contained in exports is skewed toward skilled labor in high-income countries relative to developing countries. However, that is not the case for the indirect labor content of exports. Third, manufacturing exports are a key source of labor demand in other sectors, especially in middle- and low-income countries. And the majority of the indirect demand for labor spurred by exports is in services sectors, whose workers are the largest beneficiaries of exporting activities globally. Fourth, differences in the labor value added in exports share across developing countries appears to be driven more by differences in the composition of exports rather than in sector labor intensities. Finally, average wages typically increase rapidly enough with the process of economic development to more than compensate the loss in jobs per unit of exports. The paper also includes the necessary information to build the Labor Content of Exports database from the original raw data, including stata do-files and matlab files, as well as descriptions of the variables in the data set.
Publication(Washington, DC: World Bank, 2019-06-04) Hollweg, Claire H. ; Sáez, SebastiánRecognizing that services affect the ability of countries and their firms to compete on international markets, the World Bank’s Trade and Regional Integration Unit has developed an extensive work program to promote the performance of countries’ domestic services sectors, including services trade. Services for Trade Competitiveness presents selected applications of new methodologies that were developed to assess the competitiveness of countries’ services sectors, discern the types of barriers to services that exist in the regulatory environment, and identify the resulting policy implications. Its assessments are designed for a wide audience, including policy makers in developing countries and development practitioners in international organizations, policy-making institutions, and academia. The purpose of this book is to help developing countries make informed policy choices to increase their chances of benefiting from the increasing prominence of services in international trade.