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Brakman, Steven (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003496820

Stock market integration in Asia : global or regional? : evidence from industry level panel convergence tests

Caporale, Guglielmo Maria; You, Kefei - 2017

This paper examines global and regional stock market integration in Asia at both the aggregate and disaggregate (industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised as follows. In the pre-2008 crisis period, no...

Persistent link: https://www.econbiz.de/10011658042

Sixty years of global inflation : a post-GFC update

Auer, Raphael A.; Pedemonte, Mathieu; Schoenle, Raphael - 2024

Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor model and in a sample spanning up to 56 countries during the 1960-2023 period. Over the entire period, a first global factor explains approximately 58% of the variation in...

Persistent link: https://www.econbiz.de/10014551069

Globalization and social justice in OECD countries

Kauder, Björn; Potrafke, Niklas - 2015

relationship between globalization and social justice as measured by a new indicator for 31 OECD countries. The results show that … countries that experienced rapid globalization enjoy social justice. When the KOF index of globalization increases by one …

Persistent link: https://www.econbiz.de/10010479925

The impact of globalization on the composition of government expenditures : evidence from panel data

Dreher, Axel (contributor); Sturm, Jan-Egbert (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003364513

Productivity differences in OECD countries

Pascual, Antonio I. Garcia - 2000

This paper investigates cross-country productivity convergence at a sectoral level using multivariate unit-root tests. Our empirical analysis counts with three distinctive features. First, it allows all the coefficients in the panel specification to vary across countries. Second, it accounts for...

Persistent link: https://www.econbiz.de/10009781595

Economic inequality and convergence through the lens of two sports

Grechyna, Daryna; Grechyn, Viktor - 2025

This paper analyzes the inequalities and convergence across countries using data on the top 100 players in chess and tennis. We explore the impact of time trends and exogenous global shocks on countries' representation in the top 100 players' lists in a manner akin to a natural experiment,...

Persistent link: https://www.econbiz.de/10015371871

Globalisation and social spending

De Grauwe, Paul; Polan, Magdalena - 2003

We provide evidence indicating that countries with well-developed social security systems do not necessarily face a trade-off between social spending and competitiveness. On average, countries that spend a lot on social needs score well in the competitiveness league. We investigate the...

Persistent link: https://www.econbiz.de/10011506440

Low skill but high volatility?

Buch, Claudia M.; Pierdzioch, Christian - 2009

Globalization may impose a double-burden on low-skilled workers. On the one hand, the relative supply of low … test the predictions of the model. Our results show that greater financial globalization and development increases the … dampening impact. -- labor-market volatility ; skill levels ; financial globalization …

Persistent link: https://www.econbiz.de/10003850520

Globalisation and the mix of wage and profit taxes

Haufler, Andreas (contributor); Klemm, Alexander (contributor) - 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/10003301170