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China's Emergence in the World Economy and Business Cycles in Latin America
Pesaran, M. Hashem - 2011
vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … to Latin America and the rest of emerging Asia (excluding China and India) GDP has not undergone any significant change …
Persistent link: https://www.econbiz.de/10013121741
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Education, Governance, Trade and Distance : Impact on Technology Diffusion and the East Asia-Latin America Productivity Gap
Schiff, Maurice - 2017
This paper examines the impact of education, trade, governance and distance on technology diffusion and TFP in Latin America – specifically South America and Mexico (SAM) – and East Asia, over the 32 years preceding the Great Recession (1976–2007). Findings are: i) TFP rises with...
Persistent link: https://www.econbiz.de/10012952607
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Re-Orient? MNC Penetration and Contemporary Shifts in the Global Political Economy
Tausch, Arno - 2009
This article analyses IMF estimates of economic growth in 180 countries (IMF, 2009), and inks the results to the Re-orient approach, put forward by Frank, 1998. With global economic gravitation shifting to the Indian Ocean/Pacific region, the article also analyses the role of MNC (foreign...
Persistent link: https://www.econbiz.de/10013155598
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Trade, FDI, Migration, and the Place Premium : Mexico and the United States
Gandolfi, Davide - 2015
Large wage differences between countries ("place premiums") are well documented. Theory suggests that factor price convergence should follow increased migration, capital flows, and commercial integration. All three have increased between the United States and Mexico over the last 25 years. This...
Persistent link: https://www.econbiz.de/10013016278
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Engineers, Innovative Capacity and Development in the Americas
Maloney, William F. - 2014
Using newly collected national and sub-national data and historical case studies, this paper argues that differences in innovative capacity, captured by the density of engineers at the dawn of the Second Industrial Revolution, are important to explaining present income differences, and, in...
Persistent link: https://www.econbiz.de/10013051452
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Schooling, Cognitive Skills, and the Latin American Growth Puzzle
Hanushek, Eric A. - 2009
Economic development in Latin America has trailed most other world regions over the past four decades despite its relatively high initial development and school attainment levels. This puzzle can be resolved by considering the actual learning as expressed in tests of cognitive skills, on which...
Persistent link: https://www.econbiz.de/10013153506
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Distribution of Natural Resources, Entrepreneurship, and Economic Development : Growth Dynamics with Two Elites
Falkinger, Josef; Grossmann, Volker - 2021
This paper develops a model in which the interaction of entrepreneurial investments and power of the owners of land or other natural resources determines structural change and economic development. A more equal distribution of natural resources promotes structural change and growth through two...
Persistent link: https://www.econbiz.de/10013318254
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The Legacies of Slavery in and Out of Africa
Bertocchi, Graziella - 2015
The slave trades out of Africa represent one of the most significant forced migration experiences in history. In this paper I illustrate their long-term consequences. I first consider the influence of the slave trade on the "sending" countries in Africa, with attention to their economic,...
Persistent link: https://www.econbiz.de/10013016389
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The Finnish Great Depression : From Russia with Love
Gorodnichenko, Yuriy - 2015
During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the...
Persistent link: https://www.econbiz.de/10012749800
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Hit by the Silk Road : How Wage Coordination in Europe Mitigates the China Shock
Barth, Erling - 2020
economy. We test this theory by exploring within-country variation in exposure to competition from China in 13 European … exposure from China experienced a marked fall in employment, while countries with wage-coordination experienced no such …
Persistent link: https://www.econbiz.de/10012833860