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Globalization and Income Inequality : A European Perspective
Harjes, Thomas - 2007
There is growing concern in Europe over the impact of globalization on high and evenly shared living standards. These …
Persistent link: https://www.econbiz.de/10014403015
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Recoveries after pandemics : the role of policies and structural features
Cuesta Aguirre, Juan Pablo; Ahmed Hannan, Swarnali - 2021
To shed light on the possible scarring effects from Covid-19, this paper studies the economic effects of five past pandemics using local projections on a sample of fifty-five countries over 1990-2019. The findings reveal that pandemics have detrimental medium-term effects on output,...
Persistent link: https://www.econbiz.de/10012605652
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Is military spending converging across countries? : an examination of trends and key determinants
Clements, Benedict J.; Gupta, Sanjeev; Khamidova, Saida - 2019
This paper studies the evolution of worldwide military spending during 1970-2018. It finds that military spending in relation to GDP is converging, but into three separate groups of countries. In the largest group, responsible for 90 percent of worldwide spending, outlays have remained...
Persistent link: https://www.econbiz.de/10012103746
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Globalization and the Future of Social Protection
Tanzi, Vito - 2000
. This paper argues that globalization will affect governments’ ability to continue providing this social protection at the …
Persistent link: https://www.econbiz.de/10014399941
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Corruption, Public Investment, and Growth
Tanzi, Vito - 1997
Corruption, particularly political or “grand” corruption, distorts the entire decision-making process connected with public investment projects. The degree of distortions is higher with weaker auditing institutions. The evidence presented shows that higher corruption is associated with (i)...
Persistent link: https://www.econbiz.de/10014401205
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Financial Conditions Indexes for the United States and Euro Area
Matheson, Troy - 2011
Financial conditions indexes are developed for the United States and euro area using a wide range of financial indicators and a dynamic factor model. The financial conditions indexes are shown to be useful for forecasting economic activity and have good revision properties
Persistent link: https://www.econbiz.de/10014401316
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Global and Regional Spillovers to Pacific Island Countries
Wu, Yiqun - 2012
Regional integration of Pacific Island countries (PICs) with Australia, New Zealand, and emerging Asia has increased over the last two decades. PICs have become more exposed to the region’s business cycles, and spillovers from regional economies are more important for PICs than from advanced...
Persistent link: https://www.econbiz.de/10014396396
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Globalization and corporate taxation
Kumar, Manmohan S.; Quinn, Dennis P. - 2012
between financial globalization and corporate tax rates and revenues—results vary according to country grouping with OECD …
Persistent link: https://www.econbiz.de/10012671627
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How Does Financial Globalization Affect Risk Sharing? : Patterns and Channels
Terrones, Marco - 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international … outcomes during the recent period of globalization. Developing countries have, by and large, been shut out of this benefit. The … why emerging markets have not been able to realize this presumed benefit of financial globalization. In particular, our …
Persistent link: https://www.econbiz.de/10014400319
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NAFTA to USMCA : what is gained?
Burfisher, Mary E.; Lambert, Frederic; Matheson, Troy - 2019
The United States - Mexico - Canada Agreement (USMCA) was signed on November 30, 2018 and aims to replace and modernize the North-American Free Trade Agreement (NAFTA). This paper uses a global, multisector, computable-general-equilibrium model to provide an analytical assessment of five key...
Persistent link: https://www.econbiz.de/10012009997