Showing 1 - 10 of 331
specialization of countries within GVCs in a world with barriers to international trade. With costly trade, the optimal location of …
Persistent link: https://www.econbiz.de/10012955438
This paper examines the extent to which the process of globalization can explain the observed widening in the cross …
Persistent link: https://www.econbiz.de/10013248275
globalization. Globalization leads to better matches for all southern workers but only for the best northern workers. As a result …, we show that globalization increases wage inequality in the South but not necessarily in the North. We also study how … globalization affects the size distribution of firms and the patterns of consumption and trade in the global economy …
Persistent link: https://www.econbiz.de/10013323444
The world has seen two globalization booms over the past two centuries, and one bust. The first global century ended … concludes with four lessons of history and an agenda for international economists, including more attention to the impact of … globalization on commodity price structure, the causes of protection, the impact of world migration on poverty eradication, and the …
Persistent link: https://www.econbiz.de/10013308598
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
Global production sharing is determined by international cost differences and frictions related to the costs of …
Persistent link: https://www.econbiz.de/10013132069
This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape … Verde and Mozambique's particular geographical and historical contexts. We hold that development success under globalization … diversification (an indicator of globalization) and income convergence (an indicator of governance) in the sub-regions of West and …
Persistent link: https://www.econbiz.de/10013135763
We construct a model of international trade and multinational production (MP) to examine the impact of globalization on … the 24% rise in the US skill premium over this period. MP is at least as important as international trade in generating …
Persistent link: https://www.econbiz.de/10013137021
We propose a theory that rising globalization and rising wage inequality are related because trade liberalization …. This mechanism works regardless of factor endowment differences, so we provide an explanation for why globalization and …
Persistent link: https://www.econbiz.de/10013118253
Financial markets have become increasingly global in recent decades, yet the pricing of internationally traded assets continues to depend strongly upon local risk factors, leading to several observations that are difficult to explain with standard frameworks. Equity returns depend upon both...
Persistent link: https://www.econbiz.de/10013121990