Showing 1 - 10 of 159
stands for incomplete globalization. It is shown that the gap has steadily declined for most countries over the sample period …
Persistent link: https://www.econbiz.de/10010283232
Persistent link: https://www.econbiz.de/10010275448
We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in 20 countries, we estimate a factor model that decomposes stock returns into global, country-specific and industry-specific...
Persistent link: https://www.econbiz.de/10010260528
Most dynamic trade models assume steady state or balanced growth. This paper argues while this can be done in a single region model or a model without trade, the steady state assumption is problematic in a multi-regional setting with trade interactions. This paper shows the consequences of...
Persistent link: https://www.econbiz.de/10010330104
Climate change affects the physical and biological system in many regions of the world. The extent to which human … disaggregated framework to analyze adaptation to climate change in different regions of the world. It turns out that vulnerability …
Persistent link: https://www.econbiz.de/10010265498
that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks … DOME database which has been built up at the Kiel Institute of World Economics. On average, performance of merging and non …
Persistent link: https://www.econbiz.de/10010271917
The activities of multinational enterprises drive the economic globalization process to a very large degree. This paper … lists some facts about their dominant role in all channels of globalization. Therefore, the importance of multinational …' activities in the analysis of the globalization process. …
Persistent link: https://www.econbiz.de/10010260609
The ongoing process of globalization, which is boosted by technological and political catalysts as well, increasingly … refrain from restricting global competition by protectionistic measures, because substantial gains from globalization for the … world economy in general and terms-of-trade improvements for industrial countries in particular are at stake. …
Persistent link: https://www.econbiz.de/10010265365
How should monetary policy be optimally designed in an environment with high degrees of financial globalization? To … answer this question we lay down an open economy model where net lending toward the rest of the world is constrained by a … versus pegged) shows that the impossible trinity is reversed: a higher degree of financial globalization, by inducing more …
Persistent link: https://www.econbiz.de/10010270033
Urban concentration differs across countries. One determinant of these differences is economic development, which first increases and subsequently decreases urban concentration. I condition the degree of urban concentration on the potential of countries to develop a balanced urban system. These...
Persistent link: https://www.econbiz.de/10010275324