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Financial Systems, Economic Growth, and Globalization
Rousseau, Peter L. - 2001
that the growth and increasing globalization of these economies might indeed have been 'finance-led.' …
Persistent link: https://www.econbiz.de/10012470401
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Global Diversification, Growth and Welfare with Imperfectly Integrated Markets for Goods
Dumas, Bernard - 1999
In this article, we examine the effect of the imperfect mobility of goods on international risk sharing and, through that, on the investment in risky projects, welfare and growth. We find that the welfare gain of financial market openness is not monotonic with respect to investors' risk aversion...
Persistent link: https://www.econbiz.de/10012471806
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Why Not Africa?
Freeman, Richard B. - 1999
Various arguments have been used to explain Sub-Saharan Africa's economic decline. We find that a stress on investments in education as a prerequisite for more rapid growth is misplaced; that greater openness is far from sufficient to insure economic progress; that income inequality and urban bias...
Persistent link: https://www.econbiz.de/10012471865
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Globalization, Convergence and History
Williamson, Jeffrey G. - 1995
years were also ones of economic autarky and 'de-globalization', while the rest were ones of increasing globalization in … world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence … causal: the globalization of commodity and factor markets served to play a critical, perhaps the critical, role in …
Persistent link: https://www.econbiz.de/10012473616
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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
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Openness to Trade and the Spread of Industrialization : Evidence from Canada during the First Era of Globalization
Jaworski, Taylor - 2020
We use new data on manufacturing in Canada to quantify the impact of globalization on the growth and composition of … controlling for these factors, we find that greater exposure to globalization shaped the pattern of regional industrialization in …
Persistent link: https://www.econbiz.de/10012481264
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The Growth of Nations Revisited : Global Environmental Accounting from 1998 to 2018
Mohan, Aniruddh - 2020
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 pollution and carbon dioxide damages from the national...
Persistent link: https://www.econbiz.de/10012481593
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Globalization and the Ladder of Development : Pushed to the Top or Held at the Bottom?
Atkin, David; Costinot, Arnaud; Fukui, Masao - National Bureau of Economic Research - 2021
We study the relationship between international trade and development in a model where countries differ in their capability, goods differ in their complexity, and capability growth is a function of a country's pattern of specialization. Theoretically, we show that it is possible for...
Persistent link: https://www.econbiz.de/10012696409
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Global shocks, economic growth and financial crises : 120 years of New Zealand experience
Bordo, Michael D. - 2010
We identify the timing of currency, banking crises and sudden stops in New Zealand from 1880 to 2008, and consider the extent to which empirical models can explain New Zealand's crisis history. We find that the cross country evidence on the determinants of crises fits New Zealand experience...
Persistent link: https://www.econbiz.de/10012462626
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Political Limits to Globalization
Acemoglu, Daron - 2010
Despite the major advances in information technology that have shaped the recent wave of globalization, openness to … suggests that a particular threat and a limiting factor to globalization and its future developments may be militarist …
Persistent link: https://www.econbiz.de/10012462958