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The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it … the precipitous decline in nominal freight rates before the World War I, but it also extends the series to the 1940s …. Furthermore, our new series is linked to the post-World War II era (documented by David Hummels), so that we can be more precise …
Persistent link: https://www.econbiz.de/10012469171
world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …
Persistent link: https://www.econbiz.de/10012473616
spice markets were already well integrated with those in Iberia and northern Europe, implying that Portugal could not have …
Persistent link: https://www.econbiz.de/10012466787
variety of tests for world financial capital market integration ranging from the correlation of saving and investment …
Persistent link: https://www.econbiz.de/10012471649
Large population / rapidly growing economies such as China and India have argued that in the upcoming UNFCCC negotiations in Copenhagen, any emission reduction targets they take on should be based on their intensity of emissions (emissions/$GDP) on a target date not the level of emissions. They...
Persistent link: https://www.econbiz.de/10012463280
In the paper we discuss China's participation in both the 2009 Copenhagen negotiations on a post-Kyoto global climate change regime currently under way and out beyond Copenhagen in further negotiations likely to follow. China is now both the largest and most rapidly growing carbon emitter, and...
Persistent link: https://www.econbiz.de/10012464187
as the EU, if making commitments to reduce emissions which go beyond those undertaken in other regions of the world …
Persistent link: https://www.econbiz.de/10012464622
We discuss recent cases of Chinese buyout activity in the OECD (especially in the US and the EU) in resource and manufacturing sectors. While most of the buyout attempts have been unsuccessful, they can serve as a catalyst for a wider discussion on the implications for global arrangements over...
Persistent link: https://www.econbiz.de/10012466597
increases in inequality is substantially altered relative to a long-run factors mobile world. This conclusion applies both when …
Persistent link: https://www.econbiz.de/10012469444
I discuss the tax treatment of transborder capital income, focussing on prevailing arrangements rather than de novo design of optimal tax arrangements. These comprise unilateral reliefs from double taxation under credit or exemption systems, and treaty reliefs (largely following the OECD model...
Persistent link: https://www.econbiz.de/10012470053