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Why economic growth trends differ so much across developing countries : the globalization debate and its relevance to Pakistan

Nunnenkamp, Peter - 2002

The claim of globalization critics that the income gap to industrial countries is bound to widen for essentially all … developing countries as a consequence of economic globalization is in conflict with empirical evidence. Economic performance … and foreign indebtedness which may explain the varying experience with globalization in regard to per capita income growth …

Persistent link: https://www.econbiz.de/10011495392

On the heterogeneous trade and welfare effects of GATT/WTO membership

Felbermayr, Gabriel; Larch, Mario; Yalçin, Erdal; … - 2020

We build on the latest developments in the structural gravity literature to quantify the partial and general equilibrium effects of GATT/WTO membership on trade and welfare. Using an extensive database covering manufacturing trade for 186 countries over the period 1980-2016, we find that the...

Persistent link: https://www.econbiz.de/10012269824

Service trade liberalization as a handmaiden of competitiveness in manufacturing : an industrialized or developing country issue?

Langhammer, Rolf J. (contributor) - 2006

This paper discusses the issue whether developing countries forego chances in world manufactured markets by protecting intermediate services against market entry of new suppliers. By scanning the empirical literature on effective rates of protection (ERP), the evidence is supportive. Yet, it...

Persistent link: https://www.econbiz.de/10003370335

Causes and consequences of merger waves

Kleinert, Jörn; Klodt, Henning - 2002

that sectoral shocks are at the root of merger waves. Deregulation and globalization are identified as the shocks …

Persistent link: https://www.econbiz.de/10011490438

Investing in European stock markets for high-technology firms

Pierdzioch, Christian (contributor); … - 2005

We used a recursive modeling approach to study whether investors could, in real time, have used information on the comovement of stock markets to forecast stock returns in European stock markets for high-technology firms. We used weekly data on returns in the Neuer Markt, the Nouveau Marché,...

Persistent link: https://www.econbiz.de/10003247599

Underpricing and index excess returns

Nippel, Peter (contributor); … - 2005

We study the link between underpricing of initial public offerings (IPOs) and index excess returns in secondary markets. We use a theoretical model to argue that underpricing of IPOs raises investors’ attention and, thereby, triggers investments in secondary markets. Our theoretical model...

Persistent link: https://www.econbiz.de/10003176663