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Factor Endowments, Trade Direction, and Growth Performances of the Americas and East Asia in the Nineteenth and Twentieth Centuries

Lai, Hongyi Harry - EconWPA - 1997

Factor-endowment based trade with the leading economy helps to explain the differing development performances of the Americas and East Asia in the past two centuries. Between 1830 and 1945, labor-abundant Britain, the most advanced country, traded heavily with land-abundant countries in the...

Persistent link: https://www.econbiz.de/10005062412

Inequality-Driven Growth: Unveiling Aggregation Effects in Growth Equations

Albuquerque, Pedro H. - EconWPA - 2005

. The accelerated growth episodes observed in Brazil and China demonstrate that the increase in income inequality may have …

Persistent link: https://www.econbiz.de/10005555988

Half a World: Regional inequality in five great federations

Milanovic, Branko - EconWPA - 2004

The paper studies regional (spatial) inequality in five most populous countries in the world: China, India, the United … issue of overall inequality as perceived by citizens within a nation. China and India show rising inequality in terms of … vs. Bihar, and Shandong vs. Sichuan provide nice examples of such outcomes in India and China. Higher inflation and …

Persistent link: https://www.econbiz.de/10005556224

Does Asian foreign exchange intervention really hurt Europe? Lessons from a three-asset portfolio model

Dullien, Sebastian - EconWPA - 2005

In the current policy debate, it is often argued that foreign exchange interventions by Asian central banks lead to an excessive appreciation of the euro against the dollar. This paper shows that in a three asset portfolio model the opposite holds: Interventions by Japan's central bank...

Persistent link: https://www.econbiz.de/10005119464