Showing 1 - 10 of 535
Persistent link: https://www.econbiz.de/10001791053
The Great Depression ushered in a long era of deglobalization that lasted for many decades. An old conventional wisdom (e.g. Polanyi) argues that the common aspect of this shock across all countries, a deep depression, can explain the large and persistent global shift away from orthodox liberal...
Persistent link: https://www.econbiz.de/10012463174
controlling for these factors, we find that greater exposure to globalization shaped the pattern of regional industrialization in …We use new data on manufacturing in Canada to quantify the impact of globalization on the growth and composition of … industrialization in the second half of the nineteenth century. We find that industries and regions more exposed to international trade …
Persistent link: https://www.econbiz.de/10012481264
In advanced economies, a century-long near-stable ratio of credit to GDP gave way to rapid financialization and surging leverage in the last forty years. This "financial hockey stick" coincides with shifts in foundational macroeconomic relationships beyond the widely-noted return of...
Persistent link: https://www.econbiz.de/10012455937
Persistent link: https://www.econbiz.de/10013480751
The intellectual response to the Great Depression is often portrayed as a battle between the ideas of Friedrich Hayek and John Maynard Keynes. Yet both the Austrian and the Keynesian interpretations of the Depression were incomplete. Austrians could explain how a country might get into a...
Persistent link: https://www.econbiz.de/10012461060
"The findings of this book will be of considerable interest to professionals and policymakers engaged in policy reforms in foreign aid, and will provide an essential one-stop reference for students of development studies, international finance, and economics."--Jacket
Persistent link: https://www.econbiz.de/10003893091
Persistent link: https://www.econbiz.de/10013535529
In this paper, we review and attempt to explain the changes in business cycle synchronization among 16 industrial countries and the over the past century and a quarter, demarcated into four exchange rate regimes. We find that there is a secular trend towards increased synchronization for much of...
Persistent link: https://www.econbiz.de/10012462553
This paper estimates the effect of trade policy during the Great Liberalization of the 1990s on innovation in over 60 countries using international firm-level patent data. The empirical strategy exploits ex-ante differences in firms' exposure to countries and industries, allowing us to construct...
Persistent link: https://www.econbiz.de/10012456033