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Modern globalization (which includes free flows of trade and factors of production across frontiers, stable rates of … cities against rogue states and terrorism) are among the public goods provided for the world economy as a whole are …
Persistent link: https://www.econbiz.de/10011509424
This paper reviews changes in global, between-country and within-country inequality over 1980-2000 against the background of the shifts that occurred in this area during the globalisation of 1870-1914. The paper finds that recent changes in global and between-country inequality are not marked...
Persistent link: https://www.econbiz.de/10011514131
Persistent link: https://www.econbiz.de/10003711774
nations tends to be confirmed. However, multiple equilibria can emerge with globalization backlash associated with large … dynamic version of the model shows stable paths of decreasing size of nations, increasing globalization and (at least … toward a steady state with excessive globalization, too many countries and typically too much government spending. …
Persistent link: https://www.econbiz.de/10011508079
In this paper we first use two international data sets to investigate how governance, political and economic factors influence corporate tax rates. We show that institutional and political factors matter: good governance reduces the tax rate; a parliamentary system, especially a plurality...
Persistent link: https://www.econbiz.de/10003923754
We examine multinationals optimal entry modes into foreign markets as a function of market size, FDI fixed costs, tariffs and transport costs. Our results highlight why large countries are more likely to attract acquisition investment, while intermediate-sized countries may be served...
Persistent link: https://www.econbiz.de/10011402453
, Europe, and Oceania for the period from 1870 to 2000 and demonstrate an overriding role for declining trade costs in the pre-World … War I trade boom. In contrast, for the post-World War II trade boom we identify changes in output as the dominant force …
Persistent link: https://www.econbiz.de/10003882603
evolution of intra-German trade flows after reunification then provides new insights for both the globalization and border … trade, but arise from economic fundamentals. -- integration ; home bias ; globalization …
Persistent link: https://www.econbiz.de/10003898827
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
Gravity equations have been used for more than 50 years to estimate ex post the partial effects of trade costs on international trade flows, and the well-known - and traditionally presumed exogenous - "trade-cost elasticity" plays a central role in computing general equilibrium trade-flow and...
Persistent link: https://www.econbiz.de/10011309578