Showing 1 - 10 of 2,040
We study the evolution of offshore renminbi trading between 2016 and 2019. The diffusion behaviour of offshore renminbi trading during this period is different from the one between 2013 and 2016. The geographical diffusion process displayed in the 2016-2019 period, in addition to the previously...
Persistent link: https://www.econbiz.de/10012234514
Persistent link: https://www.econbiz.de/10012224956
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …
Persistent link: https://www.econbiz.de/10011450770
For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization …
Persistent link: https://www.econbiz.de/10011586305
Geo-political tensions and disruptions to global value chains have led policy makers to re-evaluate their approach to globalisation. Many countries are considering friend-shoring - trading primarily with countries sharing similar values - as a way of minimising exposure to weaponisation of trade...
Persistent link: https://www.econbiz.de/10014450552
Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization …-2004 period. According to our results, physical integrity rights significantly and robustly increase with globalization and … community is presumably less effective in promoting empowerment rights. -- human rights ; globalization ; economic freedom …
Persistent link: https://www.econbiz.de/10008699737
This study explores the effects of globalization on gender inequality. Specifically, we depict that, in terms of … capital market integration, globalization alters the gender gap in wage rates through changes in labor demand for capital …-intensive sectors. Consequently, globalization leads to opposite effects on the couple's labor supply and fertility decisions in capital …
Persistent link: https://www.econbiz.de/10011925357
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014340224
This paper provides evidence that the U.S. dollar affects countries' exports through the financial channel of the exchange rate (Bruno and Shin (2015)). Using global data on trade between countries whose currency is not the U.S. dollar, it documents a positive relationship between the dollar and...
Persistent link: https://www.econbiz.de/10014293276
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10003831857