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Internationalization and the evolution of corporate valuation

Levine, Ross - 2005

"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10010522397

Land, Labor and Globalization in the Pre-Industrial Third World

Williamson, Jeffrey G. - 2000

/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …

Persistent link: https://www.econbiz.de/10012470966

When Did Globalization Begin?

O'Rourke, Kevin H. - 2000

Some world historians attach globalization big bang' significance to 1492 (Christopher Colombus stumbles on the … important events in recorded history. Other world historians insist that globalization stretches back even earlier. There is a … integration of markets between trading economies (e.g., the central manifestation of globalization, commodity price convergence …

Persistent link: https://www.econbiz.de/10012471135

The Impact of Globalization on Pre-Industrial, Technologically Quiescent Economies

Williamson, Jeffrey G. - 1999

This paper uses a new pre-1940 Third World data base documenting real wages and relative factor prices to explore their determinants. There are three possibilities: external price shocks, factor endowment changes, and technological change. As the paper's title suggests, technological change is...

Persistent link: https://www.econbiz.de/10012471648

Capital Goods Prices, Global Capital Markets and Accumulation : 1870-1950

Collins, William J. - 1999

Conventional wisdom has it that global financial markets were as well integrated in the 1890s as in the 1990s, but that it took several post-war decades to regenerate the connections that existed before 1914. This view has emerged from a variety of tests for world financial capital market...

Persistent link: https://www.econbiz.de/10012471649

Commodity Price Volatility and World Market Integration since 1700

Jacks, David S. - 2009

, globalization has been good for growth in poor countries at least by diminishing price volatility. But comparative advantage has … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …

Persistent link: https://www.econbiz.de/10012463899

Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913

Williamson, Jeffrey G. - 2008

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

Globalization, Growth and Distribution in Spain 1500-1913

Rosés, Joan R. - 2007

The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards and labor productivity are all linked to factor endowments, to one where (endogenous) productivity change embedded in modern industrial growth breaks that link. Recently,...

Persistent link: https://www.econbiz.de/10012465599

Inequality and Schooling Responses to Globalization Forces : Lessons from History

Williamson, Jeffrey G. - 2006

primary schooling and literacy revolution in Europe. Under what conditions would we expect the same responses to globalization … in todayâ€™s world? This paper argues that modern debates about inequality and schooling responses to globalization …

Persistent link: https://www.econbiz.de/10012466110

What Determines Immigration's Impact? Comparing Two Global Centuries

Hatton, Timothy J. - 2006

Can history shed light on the modern debate about immigration's labor market impact in high wage economies? This paper examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of...

Persistent link: https://www.econbiz.de/10012466251