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Does financial integration spur economic growth? : New evidence from the first era of financial globalization
Schularick, Moritz (contributor);  … - 2006
Does international financial integration boost economic growth? The question has been discussed controversially for a long time. As of yet, robust evidence for a positive impact is lacking (Edison et al., 2002). However, there is substantial narrative evidence from economic history that...
Persistent link: https://www.econbiz.de/10003301349
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Protectionism and economic growth : causal evidence from the first era of globalization
Potrafke, Niklas; Ruthardt, Fabian; Wüthrich, Kaspar - 2020
We investigate how protectionist policies influence economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We employ the...
Persistent link: https://www.econbiz.de/10012387616
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The globalization paradox revisited
Schwerhoff, Gregor; Edenhofer, Ottmar - 2014
According to the Globalization Paradox, globalization limits the freedom of choice for national governments. Capital …. Fixed factor taxes have the potential to improve welfare by defusing the globalization trilemma through a reduction in the …
Persistent link: https://www.econbiz.de/10010375314
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Fair wages and human capital accumulation in a global economy
Kreickemeier, Udo - 2004
, the effects of a globalization shock modelled as the entry of newly industrializing countries into the trading world on …
Persistent link: https://www.econbiz.de/10011402411
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Human capital investment and globalization in extortionary states
Andersson, Fredrik; Konrad, Kai A. - 2002
This paper considers education investment and public education policy in closed and open economies with an extortionary government. The extortionary government in a closed economy chooses an education policy in order to overcome a hold-up problem of time-consistent taxation similar to benevolent...
Persistent link: https://www.econbiz.de/10011409743
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Globalization, time-preferences, and populist voting
Aronsson, Thomas; Hetschko, Clemens; Schöb, Ronnie - 2020
Societies see growing support for populist politicians who advocate an end to globalization. Our behavioral economics … model links impatience to voters’ appraisals of an income shock due to globalization that is associated with short-run costs … and delayed gains. The model shows that impatient individuals may reject further globalization if they are subject to …
Persistent link: https://www.econbiz.de/10012258291
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Value function iteration as a solution method for the Ramsey model
Heer, Burkhard (contributor); Maußner, Alfred (contributor) - 2008
Persistent link: https://www.econbiz.de/10003688879
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Forecasting random walks under drift instability
Pesaran, M. Hashem (contributor); Pick, Andreas (contributor) - 2008
Persistent link: https://www.econbiz.de/10003711763
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Capital-skill complementarity and the emergence of labor emancipation
Ashraf, Quamrul H.; Cinnirella, Francesco; Galor, Oded; … - 2017
This paper advances a novel hypothesis regarding the historical roots of labor emancipation. It argues that the decline of coercive labor institutions in the industrial phase of development has been an inevitable by-product of the intensification of capital-skill complementarity in the...
Persistent link: https://www.econbiz.de/10011638304
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Outsourcing, unemployment and welfare policy
Keuschnigg, Christian (contributor);  … - 2008
The paper investigates the consequences of outsourcing of labor intensive activities to low-wage economies. This trend challenges the two basic functions of the welfare state, redistribution and social insurance when private unemployment insurance markets are missing. The main results are: (i)...
Persistent link: https://www.econbiz.de/10003790635