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Did Globalization Influence Credit Market Deregulation?

Eppinger, Peter S. - 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

Reform, Uncertainty and Spillovers - A Gravity Model Approach

Fidrmuc, Jan - 2012

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...

Persistent link: https://www.econbiz.de/10013109753

Preferences, Rent Destruction and Multilateral Liberalisation : The Building Block Effect of CUSFTA

Ketterer, Tobias - 2012

If a free trade agreement (FTA) is characterized by the exchange of market access with a large and competitive trading partner, the agreement can cause a leakage of protectionist benefits to domestic industry from lobbying against external tariff cuts. This rent destruction effect of an FTA can...

Persistent link: https://www.econbiz.de/10013098332

Firm Dynamics and Residual Inequality in Open Economies

Felbermayr, Gabriel - 2016

Increasing wage inequality between similar workers plays an important role for overall inequality trends in industrialized societies. To analyze this pattern, we incorporate directed labor market search into a dynamic model of international trade with heterogeneous firms and homogeneous workers....

Persistent link: https://www.econbiz.de/10013006606

Globalization, Economic Freedom and Human Rights

Dreher, Axel; Gassebner, Martin; Siemers, Lars - 2021

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 …

Persistent link: https://www.econbiz.de/10013316142

Labor Reallocation in Response to Trade Reform

Menezes-Filho, Naercio Aquino; Muendler, Marc-Andreas - 2021

Tracking individual workers across employers and industries after Brazil's trade liberalization in the 1990s shows that … with product demand at Brazil's export destinations and real exchange rate components. Worker effects are important …

Persistent link: https://www.econbiz.de/10013317183

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

Global Gains from Trade Liberalization

Fan, Haichao - 2012

What has been the overall global welfare impact of the accession to the World Trade Organization of a large country like China, or the global welfare impact of the completion of the Uruguay round of GATT negotiations? Can we come up with a simple user-friendly formula to calculate the global...

Persistent link: https://www.econbiz.de/10013108084

Managers as Knowledge Carriers - Explaining Firms' Internationalization Success with Manager Mobility

Meinen, Philipp - 2018

How does “what managers know” affect firm performance on international markets? This question is of considerable importance in the international economic literature. Answering it will be key for comprehending the way firms' varying performance on international markets is shaped by the human...

Persistent link: https://www.econbiz.de/10012912671

Globalisation and the Mix of Wage and Profit Taxes

Haufler, Andreas - 2006

This paper analyses the development of the ratio of corporate taxes to wage taxes using a simple political economy model with internationally mobile and immobile firms. Among other results, our model predicts that countries reduce their corporate tax rate, relative to the wage tax, either when...

Persistent link: https://www.econbiz.de/10012780459