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corruption, which is more widespread in poor countries, reduces more the electoral appeal of capitalism than that of socialism … externality since the existence of corrupt entrepreneurs hurts good entrepreneurs by reducing the electoral appeal of capitalism …
Persistent link: https://www.econbiz.de/10012751901
Economists devote too much attention to international flows of goods and services and not enough to international flows of ideas. Traditional trade flows are an imperfect substitute for flows of the underlying ideas. The simplest textbook trade model shows that a welfare-enhancing move toward...
Persistent link: https://www.econbiz.de/10013070271
The received view pins the adoption of labor regulation before 1914 on domestic forces. Using directed dyad-year event history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to encourage a level playing field. The type of trade...
Persistent link: https://www.econbiz.de/10013150840
Two prominent features of globalization in recent decades are the remarkable increase in trade and in migratory flows …
Persistent link: https://www.econbiz.de/10012775557
What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing …
Persistent link: https://www.econbiz.de/10012759104
in approximately 4000 markets per country. We then move from groundnuts to globalization by building an exact TFP index …
Persistent link: https://www.econbiz.de/10012760652
Growth in international trade and globalization has been correlated in nearly all countries with a worsening of the … globalization in France has been a huge growth in vertical specialization -- the completion of the different production stages of a … good in different countries. By shifting relative labor demand across countries, globalization of this form could explain …
Persistent link: https://www.econbiz.de/10013218888
In this paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …
Persistent link: https://www.econbiz.de/10013219685
Measured by the ratio of trade to output, the period 1870 1913 marked the birth of the first era of trade globalization …
Persistent link: https://www.econbiz.de/10013223049
What drives globalization today and in the past? We employ a new micro-founded measure of bilateral trade costs based …
Persistent link: https://www.econbiz.de/10013224437