Showing 1 - 10 of 1,164
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
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
How does international trade affect the popularity of governments and leaders? We provide the first large-scale, systematic evidence that the divide between skilled and unskilled workers worldwide is producing corresponding differences in the response of political preferences to trade shocks....
Persistent link: https://www.econbiz.de/10012910662
In a world economy that is highly integrated, most policies produce effects across the border. This is often believed to be an argument for greater global governance, but the logic requires scrutiny. There remains strong revealed demand for policy and institutional diversity among nations,...
Persistent link: https://www.econbiz.de/10012863686
. Exploiting the exogenous component of rising trade with China and classifying legislator ideologies by congressional voting …
Persistent link: https://www.econbiz.de/10012982947
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
Specialization alters the incidence of manufacturing trade costs to buyers and sellers, with pro-and anti-globalizing effects on 76 countries from 1990-2002. The structural gravity model yields measures of Constructed Home Bias (the ratio of predicted local trade to predicted frictionless local...
Persistent link: https://www.econbiz.de/10013069388