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This paper sheds light on two problems in the Penn World Table (PWT) GDP estimates. First, we show that these estimates …
Persistent link: https://www.econbiz.de/10013150435
Two prominent features of globalization in recent decades are the remarkable increase in trade and in migratory flows … phenomena of migration and trade in a world where countries use different skill-specific technologies and workers have different …
Persistent link: https://www.econbiz.de/10012775557
This paper comments on five aspects of globalization: (1) the gains from international flows of goods and capital; (2 …
Persistent link: https://www.econbiz.de/10013217592
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
labor regulation of partners because intraindustry trade was important. The New World exported less differentiated products …
Persistent link: https://www.econbiz.de/10013150840
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 … the typical country in the world, new imported varieties account for 15 percent of its productivity growth. These effects …
Persistent link: https://www.econbiz.de/10012760652
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
the (less rich) Old World more equal. The evidence on the links between within-country inequality and globalization in the … the links between them. In doing so, it distinguishes between (a) the different dimensions of globalization; and (b …) between-country and within-country inequality. Theory suggests that globalization will have very different implications for …
Persistent link: https://www.econbiz.de/10013233220