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The pronounced and persistent impact of the global financial crisis of 2008 motivates our empirical analysis of the role of institutions and macroeconomic fundamentals on countries' adjustment to shocks. Our empirical analysis shows that the associations of growth level, growth volatility,...
Persistent link: https://www.econbiz.de/10012455214
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 …
Persistent link: https://www.econbiz.de/10012467840
In this paper, I examine changes in international trade associated with the integration of low- and middle-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled between 1994 and 2008. One feature of new trade...
Persistent link: https://www.econbiz.de/10012460698
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 …
Persistent link: https://www.econbiz.de/10012464960
Over the past two decades, the percentage of the world's population living on less than a dollar a day has been cut in … half. How much of that improvement is because of-or in spite of-globalization? While anti-globalization activists mount … loud critiques and the media report breathlessly on globalization's perils and promises, economists have largely remained …
Persistent link: https://www.econbiz.de/10012673744
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We explore the determinants of research specialization across countries and its consequences for relative wages. Using a dynamic Ricardian model we examine the effects of faster international technology diffusion and lower trade barriers on the incentive to innovate. In the absence of any...
Persistent link: https://www.econbiz.de/10012466280