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Spolaore, Enrico - 2002

This paper presents a framework to understand and measure the effects of political borders on economic growth and per capita income levels. We present a model providing a theoretical foundation to estimate empirically the effects of political borders on growth. In our model, political...

Persistent link: https://www.econbiz.de/10012469486

Economic Integration and Political Disintegration

Alesina, Alberto - 1997

Trade liberalization and political separatism go hand in hand. In a world of trade restrictions, large countries enjoy economic benefits because political boundaries determine the size of the market. In a world of free trade and global markets even relatively small cultural, linguistic or ethnic...

Persistent link: https://www.econbiz.de/10012472651

Open Regionalism in a World of Continental Trade Blocs

Wei, Shang-Jin - 1995

Continental trade blocs are emerging in many parts of the world almost in tandem. If trade blocs are required to satisfy the McMillan criterion of not lowering their trade volume with outside countries, they have to engage in a dramatic reduction of trade barriers against non-member countries....

Persistent link: https://www.econbiz.de/10012473603

Regionalism versus multilateral trade arrangements

Itō, Takatoshi (ed.); Krueger, Anne O. (contributor) - 1997

Persistent link: https://www.econbiz.de/10013420816

Globalization and Monetary Control

Woodford, Michael - 2007

It has recently become popular to argue that globalization has had or will soon have dramatic consequences for the … banks. In this paper, I consider three possible mechanisms through which it might be feared that globalization can undermine … globalization, even of a much more thorough sort than has yet occurred, is unlikely to weaken the ability of national central banks …

Persistent link: https://www.econbiz.de/10012465321

Globalization and Political Structure

Gancia, Gino - 2016

The first wave of globalization (1830-1914) witnessed a decline in the number of countries from 125 to 54. Political … consolidation was often achieved through war and conquest. The second wave of globalization (1950-present) has led instead to an … globalization and political structure that accounts for these trends and their reversal. We show that political structure adapts to …

Persistent link: https://www.econbiz.de/10012456628

Are We Fragmented Yet? Measuring Geopolitical Fragmentation and Its Causal Effect

Fernández-Villaverde, Jesús; Mineyama, Tomohide; … - National Bureau of Economic Research - 2024

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon, we introduce an index of geopolitical fragmentation derived from various empirical indicators. This index is developed using a flexible dynamic factor model with time-varying...

Persistent link: https://www.econbiz.de/10014576667

Neoclassical Growth in an Interdependent World

Kleinman, Benny; Liu, Ernest; Redding, Stephen; Yogo, … - National Bureau of Economic Research - 2023

We generalize the closed-economy neoclassical growth model (CNGM) to allow for costly goods trade and capital flows with imperfect substitutability between countries. We develop a tractable, multi-country, quantitative model that matches key features of the observed data (e.g., gravity equations...

Persistent link: https://www.econbiz.de/10014447272

Globalization in historical perspective

Bordo, Michael D. (ed.); Taylor, Alan M. (contributor); … - 2003

Persistent link: https://www.econbiz.de/10013480751

Inequality and Unemployment in a Global Economy

Helpman, Elhanan - 2008

This paper develops a new framework for examining the distributional consequences of trade liberalization that is consistent with increasing inequality in every country, growth in residual wage inequality, rising unemployment, and reallocation within and between industries. While the opening of...

Persistent link: https://www.econbiz.de/10012464169

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