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The Global 1970s and the Echo of the Great Depression

Taylor, Alan M. - 2009

The Great Depression ushered in a long era of deglobalization that lasted for many decades. An old conventional wisdom (e.g. Polanyi) argues that the common aspect of this shock across all countries, a deep depression, can explain the large and persistent global shift away from orthodox liberal...

Persistent link: https://www.econbiz.de/10013155029

Openness to Trade and the Spread of Industrialization : Evidence from Canada During the First Era of Globalization

Jaworski, Taylor; Keay, Ian - 2022

controlling for these factors, we find that greater exposure to globalization shaped the pattern of regional industrialization in …We use new data on manufacturing in Canada to quantify the impact of globalization on the growth and composition of … industrialization in the second half of the nineteenth century. We find that industries and regions more exposed to international trade …

Persistent link: https://www.econbiz.de/10013295874

Forms of Democracy, Policy and Economic Development

Persson, Torsten - 2022

The paper combines insights from the recent research programs on constitutions and economic policy, and on history, institutions and growth. Drawing on cross-sectional as well as panel data, it presents new empirical results showing that the form of democracy (rather than democracy vs....

Persistent link: https://www.econbiz.de/10014066490

The Global Spatial Distribution of Economic Activity : Nature, History, and the Role of Trade

Henderson, J. Vernon - 2016

We study the distribution of economic activity, as proxied by lights at night, across 250,000 grid cells of average area 560 square kilometers. We first document that nearly half of the variation can be explained by a parsimonious set of physical geography attributes. A full set of country...

Persistent link: https://www.econbiz.de/10012994896

Commodity Trade and the Carry Trade : A Tale of Two Countries

Ready, Robert C. - 2013

Persistent differences in interest rates across countries account for much of the profitability of currency carry trade strategies. "Commodity currencies'' tend to have high interest rates while low interest rate currencies belong to exporters of finished goods. This pattern arises in a...

Persistent link: https://www.econbiz.de/10013076915

Better, Faster, Stronger : Global Innovation and Trade Liberalization

Coelli, Federica - 2016

This paper estimates the effect of trade policy during the Great Liberalization of the 1990s on innovation in over 60 countries using international firm-level patent data. The empirical strategy exploits ex-ante differences in firms' exposure to countries and industries, allowing us to construct...

Persistent link: https://www.econbiz.de/10012982938