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We study the evolution of trade globalization in a set of countries in Latin America (mostly the largest ones) and Asia … over the past 25 years. Relying on structural gravity models, we first estimate a proxy of trade globalization that … globalization since the mid-1990s has been similar between the two regions, but very heterogeneous within them. Trade globalization …
Persistent link: https://www.econbiz.de/10015058865
We examine the relationship between trade and financial globalization and the rise in inequality in most countries in … recent decades. We find technological progress as having a greater impact than globalization on inequality. The limited … overall impact of globalization reflects two offsetting tendencies: whereas trade globalization is associated with a reduction …
Persistent link: https://www.econbiz.de/10014409050
Are we really witnessing the death of globalization? A multitude of shocks over the past three years has unsettled the …
Persistent link: https://www.econbiz.de/10015058985
OPENNESS -- IV. PATTERNS OF FINANCIAL GLOBALIZATION -- V. MACROECONOMIC EVIDENCE ON EFFECTS OF FINANCIAL GLOBALIZATION -- VI … GLOBALIZATION -- IX. THRESHOLD EFFECTS IN OUTCOMES OF FINANCIAL GLOBALIZATION -- X. CONCLUDING REMARKS -- APPENDIXES -- References. …
Persistent link: https://www.econbiz.de/10012690991
relations are fully or partially curtailed across world economies. Our quantification relies on a multi-country multi …-term wellfare losses of approximately 4 percent of GDP, twice the losses of the rest of the world. This strong effect results from … trade. However, if the world experiences a less severe GEF-induced trade disruption-a strategic decoupling-SSA countries …
Persistent link: https://www.econbiz.de/10015058582
Intro -- Contents -- I. INTRODUCTION -- II. THE BASELINE MODEL -- III. EQUILIBRIUM -- IV. ECONOMIC INTEGRATION AND DIVERSIFICATION -- V. RIGID WAGES -- VI. CONCLUSION -- APPENDIX: THE MODEL -- REFERENCES.
Persistent link: https://www.econbiz.de/10012691138
Intro -- Contents -- I. INTRODUCTION -- II. THE MODEL -- A. Evolution of the World Population -- B. Differences Across …
Persistent link: https://www.econbiz.de/10012691055
for poverty alleviation. Although there are likely to be substantial efficiency gains from tariff reductions, these accrue …
Persistent link: https://www.econbiz.de/10012677559
The paper assesses the effects of certain institutional factors on financial sector development in Sub- Saharan Africa (SSA). Data Envelopment Analysis (DEA) is applied to determine the extent to which these institutions affect the financial sector, and to suggest which institutions play a more...
Persistent link: https://www.econbiz.de/10012677506
This paper offers possible explanations for three generally observed facts about fiscal policy and development: (F1) The relative size of government increases as an economy develops, (F2) The rise in government and taxation are associated with rising or constant economic growth rates, and (F3)...
Persistent link: https://www.econbiz.de/10012677599