Showing 1 - 10 of 27
labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …
Persistent link: https://www.econbiz.de/10013150840
What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based …
Persistent link: https://www.econbiz.de/10013224437
. Late nineteenth century trade globalization may have helped generate the "first wave" of democratization. Between 1920 and … 1938 countries more exposed to international trade were less likely to become authoritarian. Finally, our post-World War II …
Persistent link: https://www.econbiz.de/10013227538
Regional trade in South America since independence has long been much smaller than would be expected if geography were the only constraint on trade. Several potential explanations exist: low technological and demand complementarities; low productivity; high natural and policy barriers to trade....
Persistent link: https://www.econbiz.de/10013031211
trade flows. We construct a new balanced sample of bilateral trade flows for 130 country pairs across the Americas, Asia …, 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/10013151143
Was foreign currency denominated debt a determinant of exchange rate and monetary policy during the Great Depression? Policy makers of the day thought so. High-frequency bond price data show depreciation was associated with elevated risk premia on public debt. We also show that foreign currency...
Persistent link: https://www.econbiz.de/10013310973
world better prepared in 2020 than it was in 1918? After a century of public health and basic science research, pandemic …
Persistent link: https://www.econbiz.de/10012834466
Japanese exports between 1880 and 1910 increased massively in volume, changed composition, and shifted away from leading industrialized countries toward poorer Asian neighbors. The product mix also varied with the level of development of the destination, with new products and specializations...
Persistent link: https://www.econbiz.de/10012954913
A large body of cross-country empirical evidence identifies monetary policy and trade integration as key determinants of business cycle co-movement. Partially consistent with this, many argue that the re-emergence of the gold standard allowed for the global transmission of a deflationary shock...
Persistent link: https://www.econbiz.de/10013127427
surpluses in the rest of the world. How can the issue be understood in a more historical perspective? We seek a meaningful … comparison between the two eras of globalization: quot;thenquot; (the period 1870 to 1913) and quot;nowquot; (the period since …
Persistent link: https://www.econbiz.de/10012778271