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The empire project : trade policy in interwar Canada
Lampe, Markus; O'Rourke, Kevin Hjortshøj; Reiter, Lorenz; … - 2023
This paper uses a new dataset on the universe of Canadian imports and tariffs between 1924 and 1936, disaggregated into 1697 goods originating in 112 countries, to analyse the impact on Canadian imports of interwar Canadian trade policy, including the 1932 Ottawa trade agreements. Rather than...
Persistent link: https://www.econbiz.de/10014275962
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Long memory in US real output per capita
Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2009
This paper analyses the long memory properties of quarterly real output per capita in the US (1948Q1 - 2008Q3) using non-parametric, semi-parametric and parametric techniques. The results vary substantially depending on the methodology employed. Evidence of mean reversion is obtained in a...
Persistent link: https://www.econbiz.de/10003850276
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Roman Transport Network Connectivity and Economic Integration
Flückiger, Matthias; Hornung, Erik; Larch, Mario; … - 2019 - This version: July 2019
We show that the creation of the first integrated pan-European transport network during Roman times influences economic integration over two millennia. Drawing on spatially highly disaggregated data on excavated Roman ceramics, we document that interregional trade was strongly influenced by...
Persistent link: https://www.econbiz.de/10012033121
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The rate of return on everything, 1870-2015
Jordà, Òscar; Knoll, Katharina; Kuvshinov, Dmitry; … - 2018
the aggregate real rate of return in the economy? Is it higher than the growth rate of the economy and, if so, by how much …
Persistent link: https://www.econbiz.de/10011794864
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Sovereign bonds since Waterloo
Meyer, Josefin; Reinhart, Carmen M.; Trebesch, Christoph - 2019
This paper studies external sovereign bonds as an asset class. We compile a new database of 220,000 monthly prices of foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering 91 countries. Our main insight is that, as in equity...
Persistent link: https://www.econbiz.de/10011973856
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How do financial crises redistribute risk?
Mitchener, Kris; Vossmeyer, Angela - 2023
We examine how financial crises redistribute risk, employing novel empirical methods and micro data from the largest financial crisis of the 20th century - the Great Depression. Using balance-sheet and systemic risk measures at the bank level, we build an econometric model with incidental...
Persistent link: https://www.econbiz.de/10014323137
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Turkey and the EU : politics and economics of accession
Flam, Harry - 2003
This paper discusses political and economic aspects of Turkish accession. Under present rules, Turkey would have the greatest number of council votes within twenty years, and receive the largest budget transfer. Free migration may increase the Turkish immigrant population in Germany from 2 to...
Persistent link: https://www.econbiz.de/10011506471
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Shedding light on the shadow economy : a global database and the interaction with the official one
Medina, Leandro; Schneider, Friedrich - 2019 - 2nd version
estimating the size of the shadow economy for 157 countries over 1991 to 2017. The results suggest that the OECD countries are by … far the lowest with values below 20% of off official GDP and the shadow economy is larger in Latin America and Sub ….9 %. What is really remarkable, that the average decline of the shadow economy from 1991 to 2017 is 6.8 percentage points. The …
Persistent link: https://www.econbiz.de/10012138830
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Transparency, specialization and FDI
Razin, Asaf; Tsadḳah, Efrayim - 2004
We develop a simple information-based model of FDI flows. On the one hand, the relative abundance of intangible capital in specialized industries in the source countries, which presumably generates expertise in screening investment projects in the host countries, enhances FDI flows. On the other...
Persistent link: https://www.econbiz.de/10011402538
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Nation building : the role of central spending in education
Cinnirella, Francesco; Schüler, Ruth M. - 2016
It is generally argued that, in the context of Imperial Germany, public primary education was used to form "loyal citizens" and to build a nation. In this paper we analyze to what extent central spending on primary education affected participation at general elections and votes for...
Persistent link: https://www.econbiz.de/10011541141