Showing 51 - 60 of 66
Persistent link: https://www.econbiz.de/10010223099
country depends on its connections to the rest of the world and on the human capital of the countries it is exchanging … knowledge with. We show how the diffusion of knowledge through the world explains the evolution of global income inequality. It … generates a "Great Divergence", that is increasing world inequality after the take-off of the forerunners of the industrial …
Persistent link: https://www.econbiz.de/10010255056
This paper provides evidence of the effect of immigration-based networks on German trade. Germany presents a particular interesting case study to examine the effect of ethnic networks on exports due to its high export dependence and its reserved migration policy. According to our results, we...
Persistent link: https://www.econbiz.de/10010257304
It is widely believed that the Millennium Challenge Corporation (MCC) has grossly fallen short of high expectations raised by the Bush administration in 2002. From the perspective of potential recipient countries, the crucial issue is whether the MCC increased the overall pool of aid resources...
Persistent link: https://www.econbiz.de/10003952342
Persistent link: https://www.econbiz.de/10009723606
This paper evaluates the performance of alternative estimation methods for multiplicative and log models with heteroskedasticity. Contrary to Santos Silva and Tenreyro (2006), the results of a simulation study indicate that the Pseudo Poisson Maximum Likelihood estimator (PPML) is not always the...
Persistent link: https://www.econbiz.de/10003484027
of the global foreign exchange market to the extent that the second most important currency in the world with the highest …
Persistent link: https://www.econbiz.de/10003582754
Applied general and partial equilibrium models are widely used tools for ex ante analysis of trade policy changes. However, simulation results seem to exhibit significant variation across publications, and the often criticised 'black box' character of applied trade models makes meaningful...
Persistent link: https://www.econbiz.de/10003525570
This is the first paper that analyzes for a global sample how trade agreements that include technology-related provisions impact exports of goods, and how this impact differs depending on the technology content of the goods. It includes estimations of a structural gravity model for a panel of...
Persistent link: https://www.econbiz.de/10012261684
We conceptualize global liquidity as global monetary policy and credit components by means of a large-scale dynamic factor model in the spirit of Eickmeier,Gambacorta, and Hofmann (2014). Going beyond previous work, we decompose aggregate credit components into credit supply and demand flows...
Persistent link: https://www.econbiz.de/10012318308