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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/10012471890

Technology, Unemployment, and Relative Wages in a Global Economy

Davis, Donald R. - 1996

Arguably the most important development in recent decades in US factor markets is the decline in the relative wage of the unskilled. By contrast, in Europe it is undoubtedly the rise and persistence of unemployment. Technology has been identified as a key reason for the rising US wage...

Persistent link: https://www.econbiz.de/10012473209

Disentangling Various Explanations for the Declining Labor Share : Evidence from Millions of Firm Records

Harrison, Ann E. - National Bureau of Economic Research - 2024

companies to disentangle the role of technological change, market power, and globalization in driving a fall in the labor share … measured using four firm and twenty firm concentration ratios and globalization is measured as export shares in total revenues …. We also supplement the cross-country evidence with a more in depth look at China using its industrial census. The …

Persistent link: https://www.econbiz.de/10014468215

Technology and the Global Economy

Eaton, Jonathan; Kortum, Samuel - National Bureau of Economic Research - 2024

Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as a basis for international trade, much recent quantitative equilibrium modeling of the...

Persistent link: https://www.econbiz.de/10014468262

Codification, Technology Absorption, and the Globalization of the Industrial Revolution

Juhász, Réka; Sakabe, Shogo; Weinstein, David E. - National Bureau of Economic Research - 2024

Japan was unique among non-Western countries in successfully industrializing during the first wave of globalization …

Persistent link: https://www.econbiz.de/10014635630

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

Challenges to globalization : analyzing the economics

Baldwin, Robert E. (ed.) - 2004

Persistent link: https://www.econbiz.de/10001791053

Multinational Expansion in Time and Space

Garetto, Stefania - 2019

and space and for predicting the effects of globalization shocks …

Persistent link: https://www.econbiz.de/10012479754

International Comovement in the Global Production Network

Huo, Zhen - 2019

This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...

Persistent link: https://www.econbiz.de/10012479927

The Global Agglomeration of Multinational Firms

Alfaro, Laura - 2009

The explosion of multinational activities in recent decades is rapidly transforming the global landscape of industrial production. But are the emerging clusters of multinational production the rule or the exception? What drives the offshore agglomeration of multinational firms in comparison to...

Persistent link: https://www.econbiz.de/10012463073