Showing 1 - 8 of 8
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
This paper documents industrial output growth around the poor periphery (Latin America, the European periphery, the Middle East and North Africa, Asia, and sub-Saharan Africa) between 1870 and 2007. We find that although the roots of rapid peripheral industrialization stretch into the late 19th...
Persistent link: https://www.econbiz.de/10013103787
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
experience in the Old World, the New World last century and a half …
Persistent link: https://www.econbiz.de/10013221891
This paper uses a new database to establish two findings covering the first globalization boom before World War I, the … second since World War II, and the autarkic interlude in between. First, there is strong evidence supporting a Tariff …-Growth Paradox: protection was associated with fast growth before World War II, while it was associated with slow growth thereafter …
Persistent link: https://www.econbiz.de/10013247396
This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …
Persistent link: https://www.econbiz.de/10013249135
The contending fundamental determinants of growth -- institutions, geography and culture --exhibit far more persistence than do the growth rates they are supposed to explain. So, what exogenous shocks might account for the variance around those persistent fundamentals? The terms of trade seems...
Persistent link: https://www.econbiz.de/10013214578
world commodity and factor markets, history offers an unambiguous positive correlation between globalization and convergence …. But is the correlation spurious? When the pre-World War I years are examined in detail, the correlation turns out to be …
Persistent link: https://www.econbiz.de/10013321587