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Who Has Terror Angst? Perceptions of the Effects of Terror on the World Economy
Boumans, Dorine - 2016
We examine sources of biased terror perceptions. In particular, we investigate how international experts of the IFO … World Economic Survey assess the effect of terror on the world economy and the economy of their own country. The results … show that respondents from terror stricken countries have more favorable views on the effect of terror on the word economy …
Persistent link: https://www.econbiz.de/10012981592
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International Income Inequality : Measuring PPP Bias by Estimating Engel Curves for Food
Almås, Ingvild - 2010
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is substantial and systematic: the poorer a country, the more its...
Persistent link: https://www.econbiz.de/10013135914
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A Behaviour-Based Approach to the Estimation of Poverty in India
Almås, Ingvild - 2013
Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices. Widespread criticism of these indices led to the adoption of a new official methodology in 2011 based on unit values from consumption survey data. We propose an alternative...
Persistent link: https://www.econbiz.de/10013086396
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Price Equalization Does Not Imply Free Trade
Mutreja, Piyusha - 2013
In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of trade. We demonstrate this first theoretically in a...
Persistent link: https://www.econbiz.de/10013086971
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Networks of Volatility Spillovers Among Stock Markets
Baumohl, Eduard - 2017
In our network analysis of 40 developed, emerging and frontier stock markets during 2006–2014, we describe and model volatility spillovers during global financial crisis and tranquil periods. The resulting market interconnectedness is depicted by fitting a spatial model incorporating several...
Persistent link: https://www.econbiz.de/10012954361
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Economic Analysis and Forecasting in the Global Economy and in Emerging and Developing Regions Including Africa : How Informative Is the Ifo World Economic Survey (WES)?
Garnitz, Johanna - 2016
Economists around the world rely in addition to official statistics on business (and consumer) surveys, which are more up-to-date. However, for many emerging and developing countries there is a lack of such surveys. This gap can, at least partly, be filled by the Ifo World Economic Survey (WES)....
Persistent link: https://www.econbiz.de/10012979100
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Reevaluating the Role of Trade Agreements : Does Investment Globalization Make the WTO Obsolete?
Blanchard, Emily J. - 2014
This paper demonstrates that international ownership can mitigate the terms of trade externalities that lead large countries to set inefficiently high tariffs, and may thereby substitute for negotiated tariff liberalization in eliminating the strategic manipulation of world prices. The policy...
Persistent link: https://www.econbiz.de/10012752227
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Globalization and the Rise of Mega-Cities in the Developing World
van der Ploeg, Rick; Poelhekke, Steven - 2021
Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman's views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman pays...
Persistent link: https://www.econbiz.de/10013316592
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A Behaviour-based Approach to the Estimation of Poverty in India
Almås, Ingvild; Kjelsrud, Anders; Somanathan, Rohini - CESifo - 2013
Since the late 1970s, the price indices underlying the poverty lines in India have been updated using aggregate indices. Widespread criticism of these indices led to the adoption of a new official methodology in 2011 based on unit values from consumption survey data. We propose an alternative...
Persistent link: https://www.econbiz.de/10010877856
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International Income Inequality: Measuring PPP Bias by Estimating Engel Curves for Food
Almås, Ingvild - CESifo - 2010
Purchasing power adjusted incomes applied in cross-country comparisons are measured with bias. In this paper, we estimate the purchasing power parity (PPP) bias in Penn World Table incomes and provide corrected incomes. The bias is substantial and systematic: the poorer a country, the more its...
Persistent link: https://www.econbiz.de/10008727306