Narrow search
Showing 1 - 10 of 257
Cover Image
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
Cover Image
Globalization, Convergence and History
Williamson, Jeffrey G. - 1995
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
Cover Image
A Global View of Creative Destruction
Hsieh, Chang-Tai - 2019
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
Cover Image
Climate Shocks, Cyclones, and Economic Growth : Bridging the Micro-Macro Gap
Bakkensen, Laura - 2018
into macroeconomic climate-economy models. This paper proposes a joint empirical-structural approach to bridge this gap for …
Persistent link: https://www.econbiz.de/10012480548
Cover Image
The Growth of Nations Revisited : Global Environmental Accounting from 1998 to 2018
Mohan, Aniruddh - 2020
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
Cover Image
Mitigating Disaster Risks to Sustain Growth
Hong, Harrison - 2020
We provide the planner's solution to a model where households learn from exogenous natural disaster arrivals about arrival rates and spend to mitigate future damages. Mitigation cannot be decentralized due to positive externalities from curtailing aggregate risks. First-best can be implemented...
Persistent link: https://www.econbiz.de/10012482023
Cover Image
Risk, Volatility, and the Global Cross-Section of Growth Rates
Burnside, Craig - 2009
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
Cover Image
Global Trade and the Maritime Transport Revolution
Jacks, David S. - 2008
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...
Persistent link: https://www.econbiz.de/10012464507
Cover Image
Climate Change and Economic Growth : Evidence from the Last Half Century
Dell, Melissa - 2008
climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures …
Persistent link: https://www.econbiz.de/10012464514
Cover Image
Occupational Choice and Development
Eeckhout, Jan - 2007
The rise in world trade since 1970 has raised international mobility of labor services. We study the effect of such a … globalization of the world's labor markets. We find that when people can choose between wage work and managerial work, the output …, 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