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Although many modern studies find large and significant effects of prior colonial status on bilateral trade, there is very little empirical research that has focused on the contemporaneous impact of empire on trade. We employ a new database of over 21,000 bilateral trade observations during the...
Persistent link: https://www.econbiz.de/10012759567
history analysis, we find that trade was also a pathway of diffusion. Market access served as an important instrument to …
Persistent link: https://www.econbiz.de/10013150840
Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and …. Exploiting the exogenous component of rising trade with China and classifying legislator ideologies by congressional voting … interpret these results as supporting a political economy literature that connects adverse economic conditions to support for …
Persistent link: https://www.econbiz.de/10012982947
This paper considers the role of policy in an AI-intensive economy (interpreting AI broadly). It emphasizes the speed …
Persistent link: https://www.econbiz.de/10012918072
societies always have developed economies and developed polities suggests that the connection between economics and politics … must be a fundamental part of the development process. This paper develops an integrated theory of economics and politics … and limit violence. We call this type of political economy arrangement a natural state. It appears to be the natural way …
Persistent link: https://www.econbiz.de/10012778079
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
We develop a property-rights model of the firm in which production entails a continuum of uniquely sequenced stages. In each stage, a final-good producer contracts with a distinct supplier for the procurement of a customized stage-specific component. Our model yields a sharp characterization for...
Persistent link: https://www.econbiz.de/10013104981
A salient feature of globalization in recent decades is the emergence of "global supply chains" in which different … top of these chains. This suggests that the consequences of globalization on wage inequality may be very different in …
Persistent link: https://www.econbiz.de/10013107972
-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled … between 1994 and 2008. One feature of new trade patterns is greater South-South trade. China and India have booming demand for …-South commerce overtakes North-North flows. China's export specialization evolves rapidly over time, revealing a capacity to speed up …
Persistent link: https://www.econbiz.de/10013108243
The overriding practical problem now is the tension between the global financial and market system and the national political and power structures. The main analytical short-coming lies in the failure to incorporate financial frictions, especially default, into our macro-economic models. Neither...
Persistent link: https://www.econbiz.de/10013091914