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Was There Really an Earlier Period of International Financial Integration Comparable to Today?

Bordo, Michael D. - 1998

In this paper we reconsider the international market integration, starting at high levels in the late nineteenth century, collapsing between the wars, and recovering gradually after 1945 to reach levels comparable to pre-1914 in the 1990's. The empirical evidence we survey suggests that in some...

Persistent link: https://www.econbiz.de/10012472076

Exchange Rate Regimes and Capital Mobility : How Much of the Swoboda Thesis Survives?

Eichengreen, Barry - 2008

Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...

Persistent link: https://www.econbiz.de/10012464545

Global Imbalances and the Lessons of Bretton Woods

Eichengreen, Barry - 2004

, with the spread of globalization, there is a new periphery, Asia, but the same old core, the United States, with the same … interest. This image of the current system as Bretton Woods reborn also overlooks how the world has changed since the 1960s … resembling the Bretton Woods System, it is not long for this world …

Persistent link: https://www.econbiz.de/10012468196

Estimating Trade Flows : Trading Partners and Trading Volumes

Helpman, Elhanan - 2007

We develop a simple model of international trade with heterogeneous firms that is consistent with a number of stylized features of the data. In particular, the model predicts positive as well as zero trade flows across pairs of countries, and it allows the number of exporting firms to vary...

Persistent link: https://www.econbiz.de/10012465729

Growth, Trade, and Inequality

Grossman, Gene M. - 2014

We introduce firm and worker heterogeneity into a model of innovation-driven endogenous growth. Individuals who differ in ability sort into either a research sector or a manufacturing sector that produces differentiated goods. Each research project generates a new variety of the differentiated...

Persistent link: https://www.econbiz.de/10012458165

Trade, FDI, and the Organization of Firms

Helpman, Elhanan - 2006

New developments in the world economy have triggered research designed to better understand the changes in trade and … transformation of the world economy. This paper reviews the literature that has emerged from these efforts. The theoretical …

Persistent link: https://www.econbiz.de/10012466577

Trade and Inequality : From Theory to Estimation

Helpman, Elhanan - 2012

While neoclassical theory emphasizes the impact of trade on wage inequality between occupations and sectors, more recent theories of firm heterogeneity point to the impact of trade on wage dispersion within occupations and sectors. Using linked employer-employee data for Brazil, we show that...

Persistent link: https://www.econbiz.de/10012460668

Technology and Trade

Grossman, Gene M. - 1994

We survey research on the relationship between technology and trade. We begin with the old literature, which treated the state of technology as exogenous and asked how changes in technology affect the trade pattern and welfare. Recent research has attempted to endogenize technological progress...

Persistent link: https://www.econbiz.de/10012473978

Hysteresis in the Trade Pattern

Grossman, Gene M. - 1990

We study a world economy comprising two countries that may differ only in their prior experience in the research lab …

Persistent link: https://www.econbiz.de/10012475471

Trade, Knowledge Spillovers, and Growth

Grossman, Gene M. - 1990

In this paper, we examine one channel through which the trade regime might affect growth in the long run. We model endogenous technological progress that results from profit maximizing investments by far-sighted entrepreneurs. Productivity in the research lab depends upon the "stock of knowledge...

Persistent link: https://www.econbiz.de/10012475542