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in greatly increasing their shares of world scientific productions. The two Asian economies were also able to achieve … very large increases in their shares of world technological productions, greatly shrinking the productivity and per capita …
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In this paper we study the macroeconomic effects of large exchange rate appreciations. Using a sample of 128 countries from 1960-2008, we identify large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Our results show...
Persistent link: https://www.econbiz.de/10008905965
Acknowledging the fact that the growth experience of countries is seldom well described by the average growth rate, this paper aims at identifying countries that are similar in terms of their growth process, thus emphasizing the dynamics of growth rates. To that end, the growth experience of...
Persistent link: https://www.econbiz.de/10003876023
Industrialization and the rise of nationalism were the two major developments in Germany before the World War I. A … novel county-level dataset reveals that industrialization and nationalism measured by membership in the "Kriegervereine …, I find strong evidence for a causal impact of industrialization on nationalism. In order to detect possible mechanisms …
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This paper proposes a new perspective on international capital flows and countries' long-run external asset position. Cross-sectional evidence for 84 developing countries shows that over the last three decades countries that have had on average higher volatility of output growth (1) accumulated...
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