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Global Innovation Contests
Dinopoulos, Elias; Syropoulos, Constantinos; … - 2023
globalization on the skill premium and fully-endogenous growth. Higher quality products are endogenously discovered through … outsourcing of investment services. Globalization, captured by a move from autarky to the integrated-world equilibrium, leads to … convergence of wages and growth rates. Globalization and long-run growth are either substitutes or complements depending on a …
Persistent link: https://www.econbiz.de/10014262950
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The Out of Africa Hypothesis of Comparative Economic Development : Common Misconceptions
Ashraf, Quamrul H. - 2019
The importance of the prehistoric migration of anatomically modern humans from Africa for comparative economic …
Persistent link: https://www.econbiz.de/10012892135
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Global Evidence on Misperceptions and Preferences for Redistribution
Feichtmayer, Jennifer Elena; Gründler, Klaus - 2021
Individuals often hold erroneous beliefs about their socio-economic status relative to others. We develop a new machine learning technique to measure these misperceptions and use large-scale international survey data to compute status misperception for 241,757 households from 97 countries (24...
Persistent link: https://www.econbiz.de/10013322781
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Globalization in the Time of COVID-19
Sforza, Alessandro - 2020
The economic effects of a pandemic crucially depend on the extend to which countries are connected in global production networks. In this paper we incorporate production barriers induced by COVID-19 shock into a Ricardian model with sectoral linkages, trade in intermediate goods and sectoral...
Persistent link: https://www.econbiz.de/10012837986
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The Backlash of Globalization
Colantone, Italo; Ottaviano, Gianmarco I.P; Stanig, Piero - 2021
We review the literature on the globalization backlash, seen as the political shift of voters and parties in a … footprint’ of globalization. Then, we review the empirical literature on the drivers of the backlash. Two main messages emerge … from our analysis: (1) globalization is a significant driver of the backlash, by means of the distributional consequences …
Persistent link: https://www.econbiz.de/10013212262
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Globalisation and the Decoupling of Inflation from Domestic Labour Costs
Kohlscheen, Emanuel; Moessner, Richhild - 2021
We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent decades. The central estimate is that the short-run pass-through from domestic labour cost changes to core CPI...
Persistent link: https://www.econbiz.de/10013213776
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Globalisation and the Decoupling of Inflation from Domestic Labour Costs
Kohlscheen, Emanuel; Moessner, Richhild - 2022
We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent decades. The central estimate is that the short-run pass-through from domestic labour cost changes to core CPI...
Persistent link: https://www.econbiz.de/10014080924
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Does financial integration spur economic growth? : New evidence from the first era of financial globalization
Schularick, Moritz; Steger, Thomas M. - 2006
Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...
Persistent link: https://www.econbiz.de/10010276748
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Globalization and the price decline of illicit drugs
Storti, Cláudia Costa; De Grauwe, Paul - 2007
evidence, that globalization has been an important factor behind the decline of the intermediation margin. We conclude with … some thoughts about the effects of globalization on the effectiveness of drug policies and argue that globalization may …
Persistent link: https://www.econbiz.de/10010264125
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Unlocking the value of cross-border mergers and acquisitions
Brakman, Steven; Garita, Gus; Garretsen, Harry; van … - 2008
Most FDI takes place between the developed countries, which suggests that the market-seeking motive is important for understanding FDI. However, given the stylized fact that trade barriers (e.g. transportation costs and financial barriers) have declined over the past 20 years, models that aim to...
Persistent link: https://www.econbiz.de/10010275800