Showing 21 - 30 of 673
We introduce the revised version of the KOF Globalisation Index, a composite index measuring globalization for every … country in the world along the economic, social and political dimension. The original index was introduced by Dreher (2006 … along the different dimensions of globalization. We also disentangle trade and financial globalization within the economic …
Persistent link: https://www.econbiz.de/10012892154
Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics … model links impatience to voters' appraisals of an income shock due to globalization that is associated with short-run costs … and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to …
Persistent link: https://www.econbiz.de/10012826005
decades can explain increasing resistance to globalization in industrialized countries. In a traditional trade model of a … analysis indicates that, in contrast to past episodes of globalization, public education does not shield workers from losses …
Persistent link: https://www.econbiz.de/10012865702
It is tricky to design local regulations on global externalities, especially so if firms are mobile. We show that when costs and outside options are firms’ private information, the threat of firm relocation leads to local regulations that are stricter, not looser. This result is general and...
Persistent link: https://www.econbiz.de/10012871745
We construct a theoretical model to capture the compensation and efficiency effects of globalization in a set up where … globalization- trade liberalization and financial openness- could potentially have different effects on taxation. We then provide … some empirical evidence on the relationship between taxation and the alternative modes of globalization using a large cross …
Persistent link: https://www.econbiz.de/10012871767
This paper analyzes the initial impact and recovery of globally engaged firms from the COVID-19 crisis. It uses rich survey data of nearly 65,000 firm-year observations in 45 countries spanning three waves of data collection. The findings are organized in a series of stylized facts, which...
Persistent link: https://www.econbiz.de/10013291442
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
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
the world output loss that materialized during the great recession would have been 13% lower in absence of GFU shocks. We … after GFU shocks, the larger the world output contraction is …
Persistent link: https://www.econbiz.de/10013246469
The purpose of this study is to examine the relationship between globalization, Coronavirus Disease 2019 (COVID-19 … countries with higher levels of socio-economic globalization are exposed more to COVID-19 outbreak. Nevertheless, globalization …
Persistent link: https://www.econbiz.de/10012832195