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INCOME CONVERGENCE DURING THE DISINTEGRATION OF THE WORLD ECONOMY 1919-39
Milanovic, Branko - EconWPA - 2003
Some economists have argued that the process of disintegration of the world economy between the two World Wars led to …
Persistent link: https://www.econbiz.de/10005076560
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The Ricardian Vice: Why Sala-i-Martin’s calculations of world income inequality are wrong
Milanovic, Branko - EconWPA - 2003
The paper discusses recent world income inequality calculations by Sala- i-Martin. It shows that the two main problems … results very dubious. We argue that Sala-i-Martin has ended up by producing a population-weighted inter-national distribution … of income augmented by a constant shift parameter and not a distribution of income among world citizens. …
Persistent link: https://www.econbiz.de/10005134630
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THE TWO FACES OF GLOBALIZATION: AGAINST GLOBALIZATION AS WE KNOW IT
Milanovic, Branko - EconWPA - 2003
The paper shows that the current view of globalization as an automatic and benign force is flawed: it focuses on only … one, positive, face of globalization while entirely neglecting a malignant one. The two key historical episodes that are … adduced by the supporters of the “globalization as it is” (the Halcyon days of the 1870-1913, and the record of the last two …
Persistent link: https://www.econbiz.de/10005118746
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The Influence of Capital Controls on Long Run Growth: Where and How Much?
Chanda, Areendam - EconWPA - 2002
The recent financial crisis in East Asia generated a revival of interest in the merits of financial openness. The ensuing debate on the benefits of openness has focused more on short and medium run issues than on the long run effects. Within the empirical literature on economic growth, little or...
Persistent link: https://www.econbiz.de/10005119494
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CONTAGION AND PORTFOLIO SHIFT IN EMERGING COUNTRIES´ SOVEREIGN BONDS
Herrero, Alicia Garcia; Rios, Antonio Diez de los - EconWPA - 2004
The paper tests whether there were events of contagion, and portfolio shift, in the sovereign bond markets of eleven emerging countries' between January 1995 and November 2001. From existing definitions, we narrow down the concept of contagion by focusing on pricing errors, after general market...
Persistent link: https://www.econbiz.de/10005125554
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Further evidence on the link between finance and growth: An international analysis of community banking and economic performance
Berger, Allen N.; Hasan, Iftekhar; Klapper, Leora F. - EconWPA - 2004
We seek to contribute to both the finance-growth literature and the community banking literature by testing the effects of the relative health of community banks on economic growth and investigating potential transmission mechanisms for these effects using data from 1993–2000 on 49 nations....
Persistent link: https://www.econbiz.de/10005134638
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Western Institution Building:The War, Hayek’s Cosmos and the WTO
Killion, M. Ulric - EconWPA - 2005
adjectives justifying institution building by bargaining and military force. In terms of new world order, institution building by … developed nation-states, and international intergovernmental organizations dominated by developed nation-states such as the … World Trade Organization. However arguably well intended there remains the question of what will eventually result from the …
Persistent link: https://www.econbiz.de/10005407658
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Counting chickens when they hatch: The short-term effect of aid on growth
Clemens, Michael A.; Radelet, Steven; Bhavnani, Rikhil - EconWPA - 2004
Past research on aid and growth is flawed because it typically examines the impact of aggregate aid on growth over a short period, usually four years, while significant portions of aid are unlikely to affect growth in such a brief time. We divide aid into three categories: (1) emergency and...
Persistent link: https://www.econbiz.de/10005408143
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THE BALANCE OF PAYMENTS AS A MONETARY PHENOMENON:AN ECONOMETRIC CASE STUDY OF NIGERIA
NWAOBI, GODWIN CHUKWUDUM - EconWPA - 2003
THE THRUST OF THIS PAPER HAS BEEN TO INVESTIGATE THE THEORETICAL PROPOSITION OF THE MONETARY APPROACH TO THE THEORY OF BALANCE OF PAYMENTS ADJUSTMENT MECHANISM. THE ESSENCE OF THE APPROACH IS A CONSISTENT INSISTENCE THAT BALANCE OF PAYMENTS IS A MONETARY AND NOT A REAL PHENOMENON AS POSITED BY...
Persistent link: https://www.econbiz.de/10005408148
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MANAGEMENT & DEVELOPMENT OF HAPPINESS : A PRIORITY IN SOCIO-ECONOMIC DEVELOPMENT
Dr.VSR.Subramaniam - EconWPA - 2005
, Local, International and Universal in nature. Author’s Research and Development approach for these vicious combination …
Persistent link: https://www.econbiz.de/10005408439