paper offers a solution to this disagreement, suggesting that volatility carries a positive direct effect, but also a … volatility is then ambiguous. The paper reveals the underlying endogeneity of government size in a balanced panel of 95 countries … increase of volatility lowers growth by up to 0.57 percentage points in a democracy, but raises growth by 1.74 percentage …

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 …

technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be … the effects of migration on the accumulation of both knowledge and human capital, by invoking endogenous growth theory …-enhancing potential. -- migration ; international trade ; capital movements ; capital formation ; globalization …

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. …

interaction of financial integration with volatility. -- globalization ; international trade and financial linkages … as conventional wisdom that output volatility and growth are negatively correlated. We reexamine this relationship in the … context of globalization a term typically used to describe the phenomenon of growing international trade and financial …

This paper reviews a growing literature on migration and globalization, focusing on its relevance for developing and …

- globalization, technological advance and financialization (GTF) - that have weakened the connections between economies and societies …

compositional and cultural diffusion mechanisms. We use the World Value Survey for 1981-2014 to build time-varying measures of …