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The Quantitative Importance of Openness in Development
Cai, Wenbiao - 2013
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 industrialization is limited by the rate of capital formation which in turn is … limited by the savings rate of workers close to subsistence. We argue that access to capital goods in the world market can be …
Persistent link: https://www.econbiz.de/10013075128
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Did Globalization Influence Credit Market Deregulation?
Eppinger, Peter - 2015
We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …
Persistent link: https://www.econbiz.de/10013021420
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Developing Country Second-Mover Advantage in Competition Over Environmental Standards and Taxes
Groenert, Valeska - 2014
We show that, in competition between a developed country and a developing country over environmental standards and taxes, the developing country may have a ‘second-mover advantage.' In our model, firms do not unanimously prefer lower environmental-standard levels. We introduce this feature to...
Persistent link: https://www.econbiz.de/10013066914
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Distributional Consequences of Labor-Demand Shocks : The 2008-09 Recession in Germany
Bargain, Olivier - 2011
The distributional consequences of the recent economic crisis are still broadly unknown. While it is possible to speculate which groups are likely to be hardest-hit, detailed distributional studies are still largely backward-looking due to a lack of real-time microdata. This paper studies the...
Persistent link: https://www.econbiz.de/10013127632
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Taxing Intellectual Property in the Global Economy : A Plea for Regulated and Internationally Coordinated Profit Splitting
Richter, Wolfram F. - 2017
Inter-country equity in the taxation of IP is a contentious issue. With its BEPS initiative, the OECD aims at taxing in accordance with value creation even though there are admitted difficulties in determining the actual place of value creation. The European Commission promotes the introduction...
Persistent link: https://www.econbiz.de/10012950292
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Industrialisation and the Big Push in a Global Economy
Kreickemeier, Udo - 2017
whether globalization makes it easier or harder for a country to escape from a poverty trap. Our model gives a definite answer …
Persistent link: https://www.econbiz.de/10012954362
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Europe's Great Depression - Coordination Failure After the First World War
Wolf, Nikolaus - 2013
In this paper I survey and reinterpret the extensive literature on Europe's Great Depression. I argue that Europe could not exploit her vast economic potential after 1918, because the war had not yet come to an end - indeed it did not end before 1945. Both, domestic and international...
Persistent link: https://www.econbiz.de/10013094292
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Globalization and State Capitalism : Assessing Vietnam's Accession to the WTO
Baccini, Leonardo - 2017
What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset of Vietnamese firms we document a set of empirical regularities...
Persistent link: https://www.econbiz.de/10012947908
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The Elasticity of Trade : Estimates and Evidence
Simonovska, Ina - 2011
Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...
Persistent link: https://www.econbiz.de/10013129252
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Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach
Felbermayr, Gabriel J. - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10013121825