Showing 1 - 10 of 143
This paper surveys the literature to document the main stylized facts, risks, and policy challenges related to the expansion of global nonfinancial corporate debt after the 2008–09 global financial crisis. Nonfinancial corporate debt steadily increased after the crisis, especially in emerging...
Persistent link: https://www.econbiz.de/10012823367
The free flow of data across borders underpins today's globalized economy. But the flow of personal data outside the jurisdiction of national regulators also raises concerns about the protection of privacy. Addressing these legitimate concerns without undermining international integration is a...
Persistent link: https://www.econbiz.de/10012919808
The share of low-income countries in global exports nearly tripled between 1990 and 2015, driven largely by the rapid emergence of China as an exporting powerhouse. While research in economics had long acknowledged that trade with lower-income countries could raise income inequality in Europe...
Persistent link: https://www.econbiz.de/10012745407
How do global supply chain linkages modify countries' incentives to impose import protection? Are these linkages empirically important determinants of trade policy? To address these questions, this paper introduces supply chain linkages into a workhorse terms-of-trade model of trade policy with...
Persistent link: https://www.econbiz.de/10012936568
We estimate how trade openness affects the relationship between wages, labour productivity and foreign wages using sector-level time series for several EU member states. In some countries wages became less responsive to foreign wages as trade costs declined. We show this counter-intuitive result...
Persistent link: https://www.econbiz.de/10003771050
Persistent link: https://www.econbiz.de/10003483559
to make Europe the leading knowledge-based economy in the world with a "Latin American perspective". A realistic and … performance" of the world economy by multivariate, quantitative means, looking into the possible contradictions that might exists …
Persistent link: https://www.econbiz.de/10003941467
Persistent link: https://www.econbiz.de/10009406660
Persistent link: https://www.econbiz.de/10009672694
Persistent link: https://www.econbiz.de/10001765082