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Exchange Rate Regimes and Capital Mobility : How Much of the Swoboda Thesis Survives?

Eichengreen, Barry - 2010

Alexander Swoboda is one of the originators of the bipolar view that capital mobility creates pressure for countries to abandon intermediate exchange rate arrangements in favor of greater flexibility and harder pegs. This paper takes another look at the evidence for this hypothesis using two...

Persistent link: https://www.econbiz.de/10012759200

Globalization and Poverty

Harrison, Ann E. - 2010

This essay surveys the evidence on the linkages between globalization and poverty. I focus on two measures of globalization: trade and international capital flows. Past researchers have argued that global economic integration should help the poor since poor countries have a comparative advantage...

Persistent link: https://www.econbiz.de/10012761253

External Debt, Capital Flight and Political Risk

Alesina, Alberto F. - 2010

This paper provides an explanation of the simultaneous occurrence of large accumulation of external debt, private capital outflow and relatively low domestic capital formation in developing countries. We consider a general equilibrium model in which two types of government with conflicting...

Persistent link: https://www.econbiz.de/10012763021

Commodity Price Volatility and World Market Integration Since 1700

Jacks, David S. - 2009

of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …

Persistent link: https://www.econbiz.de/10012764828

Capital Account Liberalization, the Cost of Capital, and Economic Growth

Henry, Peter Blair - 2009

Three things happen when emerging economies open their stock markets to foreign investors. First, the aggregate dividend yield falls by 240 basis points. Second, the growth rate of the capital stock increases by an average of 1.1 percentage points per year. Third, the growth rate of output per...

Persistent link: https://www.econbiz.de/10012767765

Climate Change and Economic Growth : Evidence from the Last Half Century

Dell, Melissa - 2014

climatic changes on economic activity throughout the world. We find three primary results. First, higher temperatures …

Persistent link: https://www.econbiz.de/10012751447

Mismatch and Assimilation

Wang, Ping - 2018

Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...

Persistent link: https://www.econbiz.de/10012911691

Trade Induced Structural Change and the Skill Premium

Cravino, Javier - 2017

We study how international trade affects manufacturing employment and the relative wage of unskilled workers when goods and services are traded with different intensities. Manufacturing trade reduces manufacturing prices worldwide, which reduces manufacturing employment if manufactures and...

Persistent link: https://www.econbiz.de/10012954463

Does Legalization Reduce Black Market Activity? Evidence from a Global Ivory Experiment and Elephant Poaching Data

Hsiang, Solomon - 2016

Black markets are estimated to represent a fifth of global economic activity, but their response to policy is poorly understood because participants systematically hide their actions. It is widely hypothesized that relaxing trade bans in illegal goods allows legal supplies to competitively...

Persistent link: https://www.econbiz.de/10012989144

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

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