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are linked to economic theory. We then use this system to classify all published field experiments in the five top … period, we find that economic theory has played a more central role in the laboratory than in the field. Finally, we discuss …
Persistent link: https://www.econbiz.de/10013068041
This paper evaluates how much of the economics profession has evaluated the evidence on the relationship between international trade and economic growth. The paper highlights the basic approaches to the trade and growth question that the literature has adopted. The case is made that more...
Persistent link: https://www.econbiz.de/10013221540
The aim of the paper is to see whether individuals' attitudes towards globalization are consistent with the predictions … of Heckscher-Ohlin theory. The theory predicts that the impact of being skilled or unskilled on attitudes towards trade …-skilled is associated with more pro-globalization attitudes in rich countries; while in some of the very poorest countries in the …
Persistent link: https://www.econbiz.de/10013222242
cohort size effect; the so-called Kuznets Curve or demand effects; and the commitment to globalization or policy effects. We …
Persistent link: https://www.econbiz.de/10013236686
cross country comparison in the post World War II period of 84 countries arrayed from very low to very high per capita …
Persistent link: https://www.econbiz.de/10013244126
implementation of the theory in open-economy environments and its implications for the international organization of production and … property-rights theory. Along the way, I develop novel theoretical results and also outline some of the key limitations of …
Persistent link: https://www.econbiz.de/10013119953
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
prediction that globalization decreases the cost of capital, but the documented effects are lower than theory leads us to expect …This paper examines the impact of globalization on the cost of equity capital. We argue that the cost of equity capital … decreases because of globalization for two important reasons. First, the expected return that investors require to invest in …
Persistent link: https://www.econbiz.de/10013069163
This paper proposes a proximity-concentration tradeoff in product space as a determinant of horizontal foreign direct investment (FDI). Firms that enter a foreign market by exporting are able to capture consumer surplus from introducing a differentiated product with characteristics that the...
Persistent link: https://www.econbiz.de/10013071518
International financial linkages, particularly through global bank flows, generate important questions about the consequences for economic and financial stability, including the ability of countries to conduct autonomous monetary policy. I address the monetary autonomy issue in the context of...
Persistent link: https://www.econbiz.de/10013074914