Showing 1 - 10 of 596
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10012906887
power in global markets. First, competition has declinedaround the world, measured as a moderate increase in average firm …
Persistent link: https://www.econbiz.de/10012869288
-financial globalization. Both country- and industry-level resultssuggest that such policies have led on average to limited output gains while …
Persistent link: https://www.econbiz.de/10012918557
We study economic globalization as a multidimensional process and investigate its effect on incomes. In a panel of 147 … countries during 1970-2014, we apply a new instrumental variable, exploiting globalization's geographically diffusive character …, and find differential gains from globalization both across and within countries: Income gains are substantial for …
Persistent link: https://www.econbiz.de/10012922630
We review the debate on the association of financial globalization with inequality. We show that the within …-market specific - is important for facilitating wider sharing of the benefits of financial globalization …
Persistent link: https://www.econbiz.de/10013243076
In this study, we document the decline in income inequality and a convergence in consumption patterns in Brazilian states in a new database constructed from micro data from the national households' survey. We adjust the state-Gini coefficients for spatial price differences using information on...
Persistent link: https://www.econbiz.de/10012942346
about the future, and attitudes about redistribution. We find that women, non-college educated, the unemployed, and those in …
Persistent link: https://www.econbiz.de/10013226442
Thomas Piketty's Capital in the Twenty-First Century puts forth a logically consistent explanation for changes in income and wealth inequality patterns. However, while rich in data, the book provides no formal empirical testing for its theoretical causal chain. In this paper, I build a set of...
Persistent link: https://www.econbiz.de/10012977805
We estimate the effects on growth of nine fiscal reform episodes in seven high-income countries using the Synthetic Control Method. These episodes are selected using an indicator-based approach applied to the evaluation of growth-friendly fiscal reforms during 1975-2010. We find that in reform...
Persistent link: https://www.econbiz.de/10012950407
studies suggest that globalization and rapid technological progress (associated with accelerated information technology … labor and capital adjusted to capital-augmenting technological progress and a more globalized world economy …
Persistent link: https://www.econbiz.de/10012777940