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Fairness, Trade, and Inequality
Egger, Hartmut; Kreickemeier, Udo - 2021
We develop a model of international trade between two symmetric countries that features inter-group inequality between entrepreneurs and workers, and also intra-group inequality within each of those two groups. Individuals in the economy are heterogeneous with respect to their entrepreneurial...
Persistent link: https://www.econbiz.de/10013316502
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Finance and Income Inequality : A Review and New Evidence
de Haan, Jakob - 2016
Using a panel fixed effects model for a sample of 121 countries covering 1975‐2005, we examine how financial development, financial liberalization and banking crises are related to income inequality. In contrast with most previous work, our results suggest that all finance variables increase...
Persistent link: https://www.econbiz.de/10012980576
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Quality and the Great Trade Collapse
Chen, Natalie - 2015
We explore whether the global financial crisis has had heterogeneous effects on traded goods differentiated by quality. Combining a dataset of Argentinean firm-level destination-specific wine exports with quality ratings, we show that higher quality exports grew faster before the crisis, but...
Persistent link: https://www.econbiz.de/10013010482
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Global Banking, Trade, and the International Transmission of the Great Recession
Born, Alexandra - 2018
large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify …
Persistent link: https://www.econbiz.de/10012920861
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Systemic Crisis and Growth Revisited : Has the Global Financial Crisis Marked a New Era?
Steinkamp, Sven - 2018
Occasional crises have been shown to be part of growth enhancing mechanism (see Rancière, Tornell and Westermann, 2008). In this paper, we document that neither the stereotypical case study of India vs. Thailand, nor the benchmark growth-regression in this earlier research support this result...
Persistent link: https://www.econbiz.de/10012914607
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The Crisis in the Foreign Exchange Market
Melvin, Michael - 2013
The financial crisis of 2007-2008 had major implications for the foreign exchange market. We review events and implications for exchange rates, volatility, returns to currency investing, and transaction costs. This “blow-by-blow” narrative is intended to be a resource for researchers seeking...
Persistent link: https://www.econbiz.de/10013095774
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Health Care Expenditure and Income : A Global Perspective
Baltagi, Badi H. - 2016
This paper investigates the long-run economic relationship between health care expenditure and income in the world … using data on 167 countries over the period 1995-2012, collected from the World Bank data set. The analysis is carried using …
Persistent link: https://www.econbiz.de/10012979662
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Globalization, Inequality, and Redistribution : Theory and Evidence
Gozgor, Giray - 2015
This paper constructs a simple theoretical model to study the implications of globalization for inequality and … redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfares of … all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and …
Persistent link: https://www.econbiz.de/10013013496
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Globalization, Wage Polarization, and the Unstable Great Ratio
Cozzi, Guido - 2014
The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...
Persistent link: https://www.econbiz.de/10013044598
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Globalization and Income Inequality Revisited
Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021
This paper re-examines the link between globalization and income inequality. We use data for 140 countries over the … period 1970-2014 and employ an IV approach to deal with the endogeneity of globalization measures. We find that the link … between globalization and income inequality differs across different groups of countries. There is a robust positive …
Persistent link: https://www.econbiz.de/10013315438