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Does financial integration spur economic growth? : New evidence from the first era of financial globalization

Schularick, Moritz (contributor); … - 2006

narrative evidence from economic history that highlights the contribution European capital made to economic growth of peripheral …

Persistent link: https://www.econbiz.de/10003301349

Wars and markets : how bond values reflect World War II

Frey, Bruno S.; Kucher, Marcel - 1999

Historical events are reflected in asset prices. In this paper, we analyse government bond prices of Germany and Austria traded on the Swiss bourse during WWII. Some war events that are generally considered crucial are clearly reflected in government bond prices. This holds, in particular, for...

Persistent link: https://www.econbiz.de/10009781716

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

The effects of systemic banking crises in the inter-war period

Rocha, Bruno T. da; Solomou, Solomos - 2015

This paper examines the time-profile of the impact of systemic banking crises on GDP and industrial production using a panel of 24 countries over the inter-war period and compares this to the post-war experience of these countries. We show that banking crises have effects that induce medium-term...

Persistent link: https://www.econbiz.de/10010496916

Religion in economic history : a survey

Becker, Sascha O.; Rubin, Jared; Woessmann, Ludger - 2020

This paper surveys the recent social science literature on religion in economic history, covering both socioeconomic … studies the role of the Catholic Church in European economic history since the medieval period. Taking advantage of newly … various effects across the world. We highlight three general insights that emerge from this literature. First, the …

Persistent link: https://www.econbiz.de/10012229328

What determines the capital share over the long run of history?

Bengtsson, Erik; Rubolino, Enrico; Waldenström, Daniel - 2020

This paper analyzes the determinants of the labor-capital split in national income for 20 countries since the late 1800s. Our main identification strategy focuses on unique historical quasi-experimental events: i) the introduction of universal suffrage, ii) close election wins of left-wing...

Persistent link: https://www.econbiz.de/10012213168

Do civil and political repression really boost foreign direct investments?

Harms, Philipp; Ursprung, Heinrich W. - 2001

Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents an empirical investigation of the popular political repression boosts FDI hypothesis and arrives...

Persistent link: https://www.econbiz.de/10011397998

Globalization, inequality, and redistribution : theory and evidence

Gozgor, Giray; Ranjan, Priya - 2015

This paper constructs a simple theoretical model to study the implications of globalization for inequality and … redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfares of … all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and …

Persistent link: https://www.econbiz.de/10011343065

Did globalization influence credit market deregulation?

Eppinger, Peter S.; Potrafke, Niklas - 2015

We investigate whether globalization influenced credit market deregulation over the period 1970-2010. Globalization is … measured by the KOF indices of globalization. Credit market deregulation is measured by the credit market freedom indicators of … positive correlation between globalization and credit market deregulation. We account for reverse causality by using predicted …

Persistent link: https://www.econbiz.de/10010528971

The rise of capitalism and the roots of Anti-American terrorism

Krieger, Tim; Meierieks, Daniel - 2014

This contribution examines the role of capitalism in anti-American terrorism. Using data for 149 countries between 1970 and 2007, this contribution, contrary to expectations from capitalist peace theory, does not find that Anti-American terrorism increases with external economic liberalization...

Persistent link: https://www.econbiz.de/10010375158

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