Showing 1 - 10 of 283
Persistent link: https://www.econbiz.de/10003829297
Recent trends suggest the world economy may be tending towards an equilibrium with two distinct trading blocs, each …
Persistent link: https://www.econbiz.de/10014322792
-movements of global factors in asset prices and capital flows with commodity prices, international trade and world output as well … as the sensitivity of different parts of the world to the Global Financial Cycle. We present evidence of the causal …
Persistent link: https://www.econbiz.de/10012660005
We analyze shifts in the structure of China's capital outflows over the past decade. The composition of gross outflows has shifted from accumulation of foreign exchange reserves by the central bank to nonofficial outflows. Unlocking the enormous pool of domestic savings could have a significant...
Persistent link: https://www.econbiz.de/10012480256
shock of World War I dramatically raised the price of Chinese exports and increased the demand for these goods overseas and …'s terms of trade and further growth in China's export sector. Difference-in-differences regression estimates show that World …-unskilled wage ratio flattened out during the 1910s and then fell by eight percent during the 1920s. We simulate the effects of World …
Persistent link: https://www.econbiz.de/10012462973
In this paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …
Persistent link: https://www.econbiz.de/10012470105
Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...
Persistent link: https://www.econbiz.de/10012456043
This paper analyzes the medium to long-term implications of global warming for the evolution of global financial structures. Stern (2007) and other related scientific literature reports that greenhouse gas emissions generated by human activities will very possibly lead to global temperature...
Persistent link: https://www.econbiz.de/10012463760
We document the rise of China in offshore capital markets. Chinese firms use global tax havens to access foreign capital both in equity and bond markets. In the last twenty years, China's presence went from raising a negligible amount of capital in these markets to accounting for more than half...
Persistent link: https://www.econbiz.de/10013537759
Climate change effects on agricultural yields will be uneven over the world with a few countries, mostly in high …
Persistent link: https://www.econbiz.de/10012480872