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We develop a general equilibrium model of international trade with heterogeneous firms, where countries can invest into basic research to improve their technological potential. These research investments tighten firm selection and raise the average productivity of firms in the market, thereby...
Persistent link: https://www.econbiz.de/10013131927
We develop a theory of a firm in an environment with incomplete contracts. The firm's headquarter decides on the complexity, the organization, and the global scale of its production process. Specifically, it decides: i) on the mass of symmetric intermediate inputs that are part of the value...
Persistent link: https://www.econbiz.de/10013136032
We present evidence about the role of rent sharing in fostering the interdependence of labour markets around the world …
Persistent link: https://www.econbiz.de/10013136491
This essay investigates the determinants of the growth performance of Africa. I start by illustrating a broader research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and institutional development. After reporting results from...
Persistent link: https://www.econbiz.de/10013122110
technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …
Persistent link: https://www.econbiz.de/10013098128
Across the world, pension systems and their reforms are in a constant state of flux driven by shifting objectives …
Persistent link: https://www.econbiz.de/10013099759
significant impediment to growth but religious and linguistic heterogeneity have not. Further, while economic globalization has … more from global integration. This suggests the importance of globalization in redressing the detrimental impact of ethnic …
Persistent link: https://www.econbiz.de/10013107710
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications …
Persistent link: https://www.econbiz.de/10013160313
. The World Values Survey provided a data framework of global value change, whose quantitative results led Barro (2004) to … question is whether "modernization" without "spiritual values" in a globalized world economy and world society possible in the … economic growth in the current world crisis is far more connected with these dimensions. We conclude that not a society based …
Persistent link: https://www.econbiz.de/10013155538
globalization renders this question extremely topical. Yet, most previous work has looked for political effects of aggregate trade …
Persistent link: https://www.econbiz.de/10012839064