Showing 1 - 10 of 46
Persistent link: https://www.econbiz.de/10003497703
Education has been one of the key determinants of economic growth around the world since 1965. In this paper, we …
Persistent link: https://www.econbiz.de/10011506215
This paper is intended to demonstrate, in theory as well as empirically, how increased dependence on natural resources tends to go along with less rapid economic growth and greater inequality in the distribution of income across countries. On the other hand, public policy in support of education...
Persistent link: https://www.econbiz.de/10011409782
World trade evolves at two margins. Where a bilateral trading relationship already exists it may increase through time … have not traded with each other in the past (extensive margin). We provide an empirical dissection of post-World-War- II … growth in manufacturing world trade along these two margins. We propose a "cornersolutions- version"of the gravity model to …
Persistent link: https://www.econbiz.de/10011450770
Do the U.S. have a current account surplus or a deficit with the EU? Since 2009, official sources disagree: The U.S. Department of Commerce claims a consistent U.S. surplus while Eurostat reports the opposite. International transactions are notoriously difficult to measure accurately, but the...
Persistent link: https://www.econbiz.de/10012065058
Using a new, global data base covering the years 1950 to 2015, we study the impact of sanctions on international trade and welfare. We make use of the rich dimensionality of our data and of the latest developments in the structural gravity literature. Starting with a broad evaluation by sanction...
Persistent link: https://www.econbiz.de/10012031035
This essay reviews the relationship between natural-resource abundance and economic growth around the world, and … protection, corruption, and income inequality. The cross-sectional data show, moreover, that the share of the primary sector in …
Persistent link: https://www.econbiz.de/10011397924
This paper aims to show why Irving Fisher's own data on interest rates and inflation in New York, London, Paris, Berlin, Calcutta, and Tokyo from 1825 to 1927 suggested to him that nominal interest rates adjusted neither quickly nor fully to changes in inflation, not even in the long run. In...
Persistent link: https://www.econbiz.de/10010496089
since the Uruguay Round (1986 to 1994). It would create a free trade zone covering 45% of world GDP. However, critics … gains for Germany (+3.5%), Europe (3.9%), and the world (+1.6%), but that it could also harm third countries. …
Persistent link: https://www.econbiz.de/10010418142
Persistent link: https://www.econbiz.de/10010464147