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6½ decades of global trade and income : “new normal” or “back to normal” after GTC and GFC?
Kalra, Sanjay - 2016
the relative role of 'globalization' and 'technology' shocks in accounting for the short and long run variance of global …
Persistent link: https://www.econbiz.de/10011711761
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The structural determinants of the labor share in Europe
Dimova, Dilyana - 2019
globalization hurt sectors where jobs are routinizable but helped others that require specialized skills. High-skilled professionals … share owing to globalization and the erosion of labor market safety nets …
Persistent link: https://www.econbiz.de/10012009975
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How Has the Globalization of Labor Affected the Labor Income Share in Advanced Countries?
Jaumotte, Florence - 2007
Labor markets around the world have become increasingly integrated over the last two decades, with the entry of China …, India and the former Eastern bloc into the world trading system, the removal of restrictions on trade and capital flows, and … globalization, technological progress, and labor market policies to the decline in the labor share. The results, obtained for 18 …
Persistent link: https://www.econbiz.de/10014401060
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E-commerce during COVID : stylized facts from 47 economies
Alcedo, Joel; Cavallo, Alberto; Dwyer, Bricklin; … - 2022
We study e-commerce across 47 economies and 26 industries during the COVID-19 pandemic using aggregated and anonymized transaction-level data from Mastercard, scaled to represent total consumer spending. The share of online transactions in total consumption increased more in economies with...
Persistent link: https://www.econbiz.de/10013170539
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Will the AI revolution cause a great divergence?
Alonso, Cristian; Berg, Andrew; Kothari, Siddharth; … - 2020
This paper considers the implications for developing countries of a new wave of technological change that substitutes pervasively for labor. It makes simple and plausible assumptions: the AI revolution can be modeled as an increase in productivity of a distinct type of capital that substitutes...
Persistent link: https://www.econbiz.de/10012302048
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Trade and inclusive growth
Bacchetta, Marc; Cerra, Valerie; Piermartini, Roberta; … - 2021
This paper surveys the literature on the relationship between international trade and inclusive growth. It examines claims that the rise in inequality in many countries can be attributed to the concurrent rise in trade competition, especially from EMEs like China, spurring trade tensions and...
Persistent link: https://www.econbiz.de/10012518909
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Sizing up the effects of technological decoupling
Cerdeiro, Diego A.; Eugster, Johannes; Mano, Rui; Muir, Dirk - 2021
This paper proposes channels through which technological decoupling can affect global growth, and embeds these different layers in a global dynamic macroeconomic model. Multiple scenarios are considered that differ along two dimensions: (i) the coalition of countries (hubs) that initiate the...
Persistent link: https://www.econbiz.de/10012518889
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Can international technological diffusion substitute for coordinated global policies to mitigate climate change?
Barrett, Philip - 2021
In short, yes. I use a multi-region integrated assessment model with fuel-specific endogenous technical change to examine the impact of Europe and China reducing emissions to zero by mid-century. Without international technological diffusion this is insufficient to avoid catastrophic climate...
Persistent link: https://www.econbiz.de/10012610702
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Financial crises, investment slumps, and slow recoveries
Cerra, Valerie; Hakamada, Mai; Lama C., Ruy - 2021
One of the most puzzling facts in the wake of the Global Financial Crisis (GFC) is that output across advanced and emerging economies recovered at a much slower rate than anticipated by most forecasting agencies. This paper delves into the mechanics behind the observed slow recovery and the...
Persistent link: https://www.econbiz.de/10012610732
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Technological and economic decoupling in the cyber era
Garcia-Macia, Daniel; Goyal, Rishi - 2020
The COVID-19 pandemic has accelerated the shift toward digital services. Meanwhile, the race for technological and economic leadership has heated up, with risks of decoupling that could set back trade and growth and hinder the recovery from the worst global recession since the Great Depression....
Persistent link: https://www.econbiz.de/10012392638