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Globalization, Growth and Distribution in Spain 1500-1913

Roses, Joan R. - 2010

The endogenous growth literature has explored the transition from a Malthusian world where real wages, living standards and labor productivity are all linked to factor endowments, to one where (endogenous) productivity change embedded in modern industrial growth breaks that link. Recently,...

Persistent link: https://www.econbiz.de/10012760115

Why Did the Tariff-Growth Correlation Reverse after 1950?

Clemens, Michael A.; Williamson, Jeffrey G. - 2021

This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World War II, while associated with slow growth thereafter. The paper offers some explanations for the sign switch by controlling for novel measures of the changing world economic...

Persistent link: https://www.econbiz.de/10013249135

The London Monetary and Economic Conference of 1933 and the End of the Great Depression : A “Change of Regime” Analysis

Edwards, Sebastian - 2017

In this paper I analyze the London Monetary and Economic Conference of 1933, an almost forgotten episode in U.S. monetary history. I study how the Conference shaped dollar policy during the second half of 1933 and early 1934. I use daily data to investigate the way in which the Conference and...

Persistent link: https://www.econbiz.de/10012962174

Were Trade and Factor Mobility Substitutes in History?

Collins, William J.; O'Rourke, Kevin H.; Williamson, … - 2021

Trade theorists have come to understand that their theory is ambiguous on the question: Are trade and factor flows substitutes? While this sounds like an open invitation for empirical research, hardly any serious econometric work has appeared in the literature. This paper uses history to fill...

Persistent link: https://www.econbiz.de/10013218517

A Currency of One'S Own? An Empirical Investigation on Dollarization and Independent Currency Unions

Edwards, Sebastian; Magendzo, I. Igal - 2021

In this paper we analyze whether common currency' countries that is, dollarized and independent currency union countries have outperformed countries that have a currency of their own. The paper is empirical and estimates jointly the probability of being a common currency country and outcome'...

Persistent link: https://www.econbiz.de/10013221081

Trade Policy, Exchange Rates and Growth

Edwards, Sebastian - 2021

This paper analyzes the relationship between trade policy and economic performance. The paper is divided in two fundamental parts. The first one uses a cross country data set to investigate the relationship between trade policy and productivity growth. It is found that countries that are more...

Persistent link: https://www.econbiz.de/10013230598

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

Globalization, Growth and Crises : The View from Latin America

Edwards, Sebastian - 2008

In this paper I analyze the role of openness and globalization in Latin America's economic development. The paper is …

Persistent link: https://www.econbiz.de/10012771804

Globalization, Convergence and History

Williamson, Jeffrey G. - 2022

years were also ones of economic autarky and 'de-globalization', while the rest were ones of increasing globalization in … world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence … causal: the globalization of commodity and factor markets served to play a critical, perhaps the critical, role in …

Persistent link: https://www.econbiz.de/10013321587

Commodity Price Shocks and the Australian Economy Since Federation

Bhattacharyya, Sambit - 2010

Even though Australia has experienced frequent and large commodity export price shocks like the Third World, it seems to have dealt with the volatility better. Why? This paper explores Australian terms of trade volatility since 1901. It identifies two major price shock episodes before the recent...

Persistent link: https://www.econbiz.de/10012757921