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Determinants of global value chain participation : cross-country evidence

Fernandes, Ana Margarida; Kee, Hiau Looi; Winkler, Deborah - 2020

The past decades witnessed big changes in international trade with the rise of global value chains. Some countries, such as China, Poland, and Vietnam rode the tide, while other countries, many in the Africa region, faltered. This paper studies the determinants of participation in global value...

Persistent link: https://www.econbiz.de/10012213059

Stable and sustainable global tax coordination with leviathan governments

Eichner, Thomas; Pethig, Rüdiger - 2014

Itaya et al. (2014) study the conditions for sustainability and stability of capital tax coordination in a repeated game model with tax-revenue maximizing governments. One of their major results is that the grand tax coalition is never stable and sustainable. The purpose of this note is to prove...

Persistent link: https://www.econbiz.de/10010383847

Economic globalisation and Africa's quest for greener and more inclusive growth : the missing link

Ofori, Isaac Kwesi; Freytag, Andreas; Asongu, Simplice - 2023

This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll-Kraay standard errors with fixed effects instrumental variable...

Persistent link: https://www.econbiz.de/10014292764

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

Financial integration, globalization, and real activity

De Nicolò, Gianni; Juvenal, Luciana - 2012

distinct impact of financial integration and globalization on several dimensions of real activity. We find that: (a) financial … financial integration predict better growth prospects; (c) both advances in financial integration and globalization are … financial integration and globalization indeed foster countries' growth, and there appears to be no trade-off between these …

Persistent link: https://www.econbiz.de/10009490605

China's exchange rate and financial repression : the conflicted emergence of the renminbi as an international currency

McKinnon, Ronald I.; Schnabl, Gunther - 2014

China has been provoked into speeding renminbi internationalization. But despite rapid growth in offshore financial markets in RMB, the Chinese authorities are essentially trapped into maintaining exchange controls-reinforced by financial repression in domestic interest rates→to avoid an...

Persistent link: https://www.econbiz.de/10010249643

Global financial transmission of monetary policy shocks

Ehrmann, Michael (contributor); … - 2006

Persistent link: https://www.econbiz.de/10003363952

Political capitalism : the interaction between income inequality, economic freedom and democracy

Krieger, Tim; Meierrieks, Daniel - 2015

In this contribution we study the relationship between income inequality and economic freedom for a panel of 100 countries for the 1971-2010 period. From a panel causality study we find that income inequality has a negative causal effect on economic freedom, while causation does not run in the...

Persistent link: https://www.econbiz.de/10011411131

Economic freedom and religion : an empirical investigation

Hillman, Arye L.; Potrafke, Niklas - 2016

There has been much study of the consequences of economic freedom but, outside of the role of political institutions, there has been little study of the determinants of economic freedom. We investigate whether religion affects economic freedom. Our cross-sectional dataset includes 137 countries...

Persistent link: https://www.econbiz.de/10011515355

The nexus between economic freedom and economic growth in the LDCs : an empirical analysis for the period 2000-2021

Afonso, António; Blanco-Arana, M. Carmen - 2023

Economic freedom and economic growth can be connected in most countries, but it is often necessary to specify those aspects of economic freedom that can foster economic growth. This paper examines the nexus between economic freedom and economic growth in the Least Developed Countries (LDCs)...

Persistent link: https://www.econbiz.de/10014427512