Narrow search
Showing 1 - 10 of 2,915
Cover Image
Financial Versus Monetary Mercantilism-Long-Run View of Large International Reserves Hoarding
Aizenman, Joshua - 2007
The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism -- hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...
Persistent link: https://www.econbiz.de/10012778171
Cover Image
Lessons from the East Asian Nics : A Contrarian View
Young, Alwyn - 2021
The unusually rapid and prolonged growth of both output and exports in the Newly Industralizing Countries of East Asia has led many economists to believe that productivity growth in these economies, particularly in their manufacturing sectors, has been extraordinarily high. This view has, in...
Persistent link: https://www.econbiz.de/10013235880
Cover Image
Culture, Institutions and the Wealth of Nations
Gorodnichenko, Yuriy - 2014
innovation in an individualist culture. This cultural effect may offset the negative effects of bad institutions on growth … individualism on growth through innovation. Using genetic data as instruments for culture we provide strong evidence of a causal … collectivism, in line with recent advances in biology and neuro-science. The effect of culture on long-run growth remains very …
Persistent link: https://www.econbiz.de/10013069257
Cover Image
Globalization, Structural Change and Productivity Growth
McMillan, Margaret - 2011
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of...
Persistent link: https://www.econbiz.de/10013123689
Cover Image
The Rise of Middle Kingdoms : Emerging Economies in Global Trade
Hanson, Gordon H. - 2012
In this paper, I examine changes in international trade associated with the integration of low- and middle-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...
Persistent link: https://www.econbiz.de/10013108243
Cover Image
Risk, Volatility, and the Global Cross-Section of Growth Rates
Burnside, A. Craig - 2010
We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to their economies. The amount of volatility driven by these...
Persistent link: https://www.econbiz.de/10013151388
Cover Image
Globalization and the Great Divergence : Terms of Trade Booms and Volatility in the Poor Periphery 1782-1913
Williamson, Jeffrey G. - 2008
W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...
Persistent link: https://www.econbiz.de/10012772451
Cover Image
Global Trade and the Maritime Transport Revolution
Jacks, David S. - 2010
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
Cover Image
From Groundnuts to Globalization : A Structural Estimate of Trade and Growth
Broda, Christian M. - 2010
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
Cover Image
Fooling Ourselves : Evaluating the Globalization and Growth Debate
Hallak, Juan Carlos; Levinsohn, James A. - 2021
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