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Military Expenditure, Threats, and Growth
Aizenman, Joshua; Glick, Reuven - 2021
threats, corruption, and other relevant controls. While growth falls with higher levels of military spending, given the values …
Persistent link: https://www.econbiz.de/10013233439
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Industrial Catching Up in the Poor Periphery 1870-1975
Williamson, Jeffrey G. - 2011
that accelerated even more up to 1950-1975. What explains the spread of the industrial revolution world-wide and this … to have taken resource advantages away from the European and North American leaders, and integrating world financial …
Persistent link: https://www.econbiz.de/10013129186
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When, Where, and Why? Early Industrialization in the Poor Periphery 1870-1940
Williamson, Jeffrey G. - 2010
This paper documents industrial output and labor productivity growth around the poor periphery 1870-1940 (Latin America, the European periphery, the Middle East, South Asia, Southeast Asia and East Asia). Intensive and extensive industrial growth accelerated there over these seven critical...
Persistent link: https://www.econbiz.de/10013138324
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Macroeconomic Adjustment and the History of Crises in Open Economies
Aizenman, Joshua - 2012
This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980‐2010 for all countries for which the required information is available, controlling...
Persistent link: https://www.econbiz.de/10013098139
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This Time is Different : A Panoramic View of Eight Centuries of Financial Crises
Reinhart, Carmen M. - 2008
This paper offers a quot;panoramicquot; analysis of the history of financial crises dating from England's fourteenth-century default to the current United States sub-prime financial crisis. Our study is based on a new dataset that spans all regions. It incorporates a number of important credit...
Persistent link: https://www.econbiz.de/10012772366
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Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913
Williamson, Jeffrey G. - 2008
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012772451
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Commodity Price Volatility and World Market Integration Since 1700
Jacks, David S. - 2009
of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …
Persistent link: https://www.econbiz.de/10012764828
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This Time is Different Chartbook : Country Histories on Debt, Default, and Financial Crises
Reinhart, Carmen M. - 2010
cycles, banking and sovereign debt crises, hyperinflation, and, for the post World War II period, the reliance on IMF …
Persistent link: https://www.econbiz.de/10013146940
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From Financial Crash to Debt Crisis
Reinhart, Carmen M. - 2010
analysis is on three related hypotheses tested with both "world" aggregate levels and on an individual country basis. First …
Persistent link: https://www.econbiz.de/10013147119
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Growth in a Time of Debt
Reinhart, Carmen M. - 2010
We study economic growth and inflation at different levels of government and external debt. Our analysis is based on new data on forty-four countries spanning about two hundred years. The dataset incorporates over 3,700 annual observations covering a wide range of political systems,...
Persistent link: https://www.econbiz.de/10013149089