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The Quantitative Importance of Openness in Development

Cai, Wenbiao; Ravikumar, B.; Riezman, Raymond - 2013

This paper deals with a classic development question: how can the process of economic development - transition from stagnation in a traditional technology to industrialization and prosperity with a modern technology - be accelerated? Lewis (1954) and Rostow (1956) argue that the pace of...

Persistent link: https://www.econbiz.de/10010323033

Naturally Negative: The Growth Effects of Natural Disasters

Felbermayr, Gabriel J.; Gröschl, Jasmin - 2013

affected by geophysical disasters; rich more by meteorological events. International openness and democratic institutions …

Persistent link: https://www.econbiz.de/10010328846

What drives corporate tax rates down?: a reassessment of globalization, tax competition, and dynamic adjustment to shocks

Overesch, Michael; Rincke, Johannes - 2009

countries from 1983 to 2006, we analyze the role of economic and financial openness as well as tax competition while allowing … for dynamic adjustment to shocks and period-specific as well as country-specific effects. While openness does not seem to …

Persistent link: https://www.econbiz.de/10010264548

A convex hull approach to counterfactual analysis of trade openness and growth

Funke, Michael; Gronwald, Marc - 2009

In this paper, we apply a convex hull approach to counterfactual analysis of trade openness and growth. The experiments … we choose evaluate the importance of trade openness for growth across African countries. Specifically, we ask the … with the literature arguing that greater trade openness would unequivocally lead to higher growth in Africa. …

Persistent link: https://www.econbiz.de/10010265984

Natural disasters and the effect of trade on income: A new panel IV approach

Felbermayr, Gabriel J.; Gröschl, Jasmin - 2011

Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and … level to construct an instrument for multilateral openness that varies across countries and time. The instrument can be used …' performances as well as for the direct effect of disasters. We find that the elasticity of income with respect to openness is about …

Persistent link: https://www.econbiz.de/10010277354

Nontradable Goods and Fiscal Multipliers

Crespo Cuaresma, Jesús; Glocker, Christian - 2020

We assess the role that nontradable goods play as a determinant of fiscal spending multipliers, making use of a two-sector model. While fiscal multipliers increase with the share of nontradable goods, an inverted U-shaped relationship exists between multiplier size and the import share....

Persistent link: https://www.econbiz.de/10012314828

Revisiting the Relationship between Trade Liberalization and Taxation

Arezki, Rabah; Dama, Alou Adesse; Rota-Graziosi, Gregoire - 2021

This paper explores the dynamic effects of trade liberalization on tax revenue using a worldwide panel dataset. Results point to statistically significant negative effect of liberalization on (non- resource) tax revenues in the short term and no significant effect in the medium term....

Persistent link: https://www.econbiz.de/10012657950

Globalisation and the Slope of the Phillips Curve

Kohlscheen, Emanuel; Moessner, Richhild - 2021

We study the effects of globalisation on the slope of the New Keynesian Phillips curve for CPI inflation, based on a broad panel of 35 countries and controlling for possibly non-linear exchange rate effects. We find that the output gap generally has a significant positive effect on inflation,...

Persistent link: https://www.econbiz.de/10012799683

Religious Tolerance as Engine of Innovation

Cinnirella, Francesco; Streb, Jochen - 2017

We argue that, for a given level of scientific knowledge, tolerance and diversity are conducive to technological creativity and innovation. In particular, we show that variations in innovation within Prussia during the second industrial revolution can be ascribed to differences in religious...

Persistent link: https://www.econbiz.de/10011794136

On the Determinants of Labour Market Institutions: Rent-Sharing vs. Social Insurance

Agell, Jonas - 2000

What determines the structure of labour market institutions? This paper argues that common explanations based on rent sharing are incomplete; unions, job protection, and egalitarian pay structures may have as much to do with social insurance of otherwise uninsurable risks as with rent sharing and...

Persistent link: https://www.econbiz.de/10010314927