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We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into basic research to improve their technological potential. These research investments tighten firm selection and raise the average productivity of firms in the market, thereby...
Persistent link: https://www.econbiz.de/10009315295
I examine how globalization affects wages and welfare in a general equilibrium model of international trade with partly oligopolistic markets. Globalization is modeled as reducing trade costs or opening up shielded sectors to trade. There is a national or international common agency that...
Persistent link: https://www.econbiz.de/10011347148
the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …
Persistent link: https://www.econbiz.de/10009663906
sending and receiving countries. In a calibrated multi-country model, we compare the current world to a counterfactual with … that more - not less - high-skilled migration would increase world welfare. …
Persistent link: https://www.econbiz.de/10011551902
This study is a review of the recent trends in development economics research. The focus is on the development in the recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the development in a number area where similar trends are...
Persistent link: https://www.econbiz.de/10003646693
In this research, the relationship between globalisation and poverty and income inequality is determined. A whole new globalisation index has been constructed based on data covering a large sample of 65 developing countries. The index is based on the globalisation index proposed by A.T. Kearney...
Persistent link: https://www.econbiz.de/10003355554
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10003831857
. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to … question is whether "modernization" without "spiritual values" in a globalized world economy and world society possible in the … economic growth in the current world crisis is far more connected with these dimensions. We conclude that not a society based …
Persistent link: https://www.econbiz.de/10003901779
ability in serving the differentiated and high-quality markets of the developed world. …
Persistent link: https://www.econbiz.de/10003586549
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … sharing, and certainly nowhere near the levels predicted by theory. In addition, only industrial countries have attained …
Persistent link: https://www.econbiz.de/10003586563