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Since the pioneering work of Krugman (1980) economists try to quantify the welfare gains from an increase in traded variety. The seminal work of Feenstra (1994) and its application to the U.S. of Broda and Weinstein (2006) allowed this quantification for the first time using highly disaggregated...
Persistent link: https://www.econbiz.de/10011373513
Persistent link: https://www.econbiz.de/10003940241
Increased globalization over the last two decades has led to strong growth in international business activity and … to examine the effects of these recent trends on economic growth in an era of growing globalization and frequent …
Persistent link: https://www.econbiz.de/10011374056
In this article, a new composite globalisation index will be presented. With its 21 variables, it accounts for the multidimensionality of this phenomenon instead of relying purely on economic indicators. As compared to other existing globalisation indices, three major innovations are introduced...
Persistent link: https://www.econbiz.de/10011373499
Will incomes of low and high skilled workers continue to diverge? Yes says our paper's dynamic, six-good, five-region - U.S., Europe, N.E. Asia (Japan, Korea, Taiwan, Hong Kong), China, and India -, general equilibrium, life-cycle model. The model predicts a near doubling of the ratio of high-...
Persistent link: https://www.econbiz.de/10011373520
Against the background of a changing landscape of trade and investment governance in the 21st century, characterised by the proliferation of deep preferential trade agreements (PTAs), this paper econometrically tests the importance of global value chain trade and regulatory differences in...
Persistent link: https://www.econbiz.de/10011374060
globalization on labour productivity growth in BRICS countries. The study also examines the relative role of consumption factors and … other factors for the structural development during globalization. The study uses shift-share analysis, dynamic panel data … of structural change is relatively significant in China and India. The globalization measures including international …
Persistent link: https://www.econbiz.de/10011374061
estimations for Switzerland and Austria using comparable firm data and model specifications. The two countries are interesting …
Persistent link: https://www.econbiz.de/10011374342
We analyse a world consisting of 'the North' and 'the South' where labour standards in the North are set by trade unions. Standards set by unions tend to increase output and welfare. There are no unions in the South and work standards are suboptimal. Trade between these two countries can imply a...
Persistent link: https://www.econbiz.de/10011374384