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Globalization, Structural Change and International Comovement
Bonadio, Barthélémy; Huo, Zhen; Levchenko, Andrei A.; … - National Bureau of Economic Research - 2023
We study the roles of globalization and structural change in the evolution of international GDP comovement among … share of less correlated sectors in GDP. Globalization - trend reductions in trade costs - exerts two opposing effects on … therefore comovement. On the other, globalization induces structural change towards services because it reduces the relative …
Persistent link: https://www.econbiz.de/10014322746
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Fiscal Procyclicality in Commodity Exporting Countries : How Much Does it Pour and Why?
Arroyo Marioli, Francisco; Végh, Carlos A. - National Bureau of Economic Research - 2023
A large literature has documented that fiscal policy is procyclical in emerging markets and developing economies and acyclical/countercyclical in advanced economies. This paper analyzes fiscal procyclicality in commodity-exporting countries. It first shows that the degree of fiscal...
Persistent link: https://www.econbiz.de/10014322818
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A Theory of Trade Policy Transitions
Bowen, T. Renee; Broz, J. Lawrence; Rosendorff, B. Peter - National Bureau of Economic Research - 2023
Trade policy is set by domestic political bargaining between globalists and protectionists, representing owners of factors specific to export and import-competing sectors respectively. Consistent with the post-Civil War Era of Restriction, protectionists implement high tariffs when status quo...
Persistent link: https://www.econbiz.de/10014372419
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Codification, Technology Absorption, and the Globalization of the Industrial Revolution
Juhász, Réka; Sakabe, Shogo; Weinstein, David E. - National Bureau of Economic Research - 2024
Japan was unique among non-Western countries in successfully industrializing during the first wave of globalization …
Persistent link: https://www.econbiz.de/10014635630
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Should History Change The Way We Think About Populism?
De Bromhead, Alan; O'Rourke, Kevin Hjortshøj - National Bureau of Economic Research - 2023
. Second, there is no necessary relationship between populism and anti-globalization sentiment. Third, economists have …
Persistent link: https://www.econbiz.de/10014250166
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Think Globally, Act Globally : Opportunities to Mitigate Greenhouse Gas Emissions in Low- and Middle-Income Countries
Glennerster, Rachel; Jayachandran, Seema - National Bureau of Economic Research - 2023
Reductions in greenhouse gas emissions are a global public good, which makes it efficient to act globally when addressing this challenge. We lay out several reasons that high-income countries seeking to mitigate climate change might have greater impact if they invest their resources in...
Persistent link: https://www.econbiz.de/10014322808
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Internationalization and the evolution of corporate valuation
Levine, Ross - 2005
"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...
Persistent link: https://www.econbiz.de/10010522397
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Are We Fragmented Yet? Measuring Geopolitical Fragmentation and Its Causal Effect
Fernández-Villaverde, Jesús; Mineyama, Tomohide; … - National Bureau of Economic Research - 2024
After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …
Persistent link: https://www.econbiz.de/10014576667
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How Far Goods Travel : Global Transport and Supply Chains from 1965-2020
Ganapati, Sharat; Wong, Woan Foong - National Bureau of Economic Research - 2023
. Participation of emerging economies in world trade and longer-distance trade between countries contribute to this usage increase …
Persistent link: https://www.econbiz.de/10014250184
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Global Value Chains and Labor Standards : The Race-to-the-Bottom Problem
Im, Hye-jun; McLaren, John - National Bureau of Economic Research - 2023
countries join the world economy so that globalization increases at the margin, labor standards worsen (improve) at the margin …We ask how globalization affects a government's incentives to set labor standards for its workers. In a stylized … with globalization than it would under autarky, because labor standards are a normal good and the general increase in …
Persistent link: https://www.econbiz.de/10014322750