Showing 1 - 10 of 371
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012464805
world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence … years were also ones of economic autarky and 'de-globalization', while the rest were ones of increasing globalization in …. 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
, and economic historians. Frequently used global data come from the Penn World Table (PWT) and the World Bank's World … Development Indicators; a substantial fraction of the world is also covered in the PPP accounts produced by the OECD and the …; version 7.0 of the Penn World Table will soon incorporate these results. The 2005 ICP, like earlier rounds, involved …
Persistent link: https://www.econbiz.de/10012464148
In the wake of the U.S.-Canada Free Trade Agreement, both the U.S. and Canada experienced a sustained increase in job reallocation, including firms moving into exporting. The change involved big firms as much as small firms. To mimic these patterns,we formulate a model of innovation by both...
Persistent link: https://www.econbiz.de/10012480404
A persistent issue in environmental economics is whether growth is sustainable. Pollution is a key driver of … sustainability, which we define as an economy exhibiting falling pollution damages at its balanced growth path. We deduct air …
Persistent link: https://www.econbiz.de/10012481593
We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to their economies. The amount of volatility driven by these...
Persistent link: https://www.econbiz.de/10012463424
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …
Persistent link: https://www.econbiz.de/10012464507
globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output …The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a …, and where the option to choose between wage work and managerial work has the least value in the integrated economy. Our …
Persistent link: https://www.econbiz.de/10012464960
in approximately 4000 markets per country. We then move from groundnuts to globalization by building an exact TFP index … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …
Persistent link: https://www.econbiz.de/10012466154
Among the developing countries of the world, those emerging markets that have sought some degree of integration into … world finance are characterized by higher per capita incomes, higher long-run growth rates, and lower output and consumption … resolving the open-economy trilemma. Given their structural and institutional features, many emerging economies cannot live …
Persistent link: https://www.econbiz.de/10012467840