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Is Globalization Today Really Different than Globalization a Hunderd Years Ago?
Bordo, Michael D. - 1999
for the United States but also with reference to the wider world. We establish the outlines of international integration a … century ago and analyze the institutional and informational impediments that prevented the late nineteenth century world from … achieving the same degree of integration as today. We conclude that the world today is different: commercial and financial …
Persistent link: https://www.econbiz.de/10012471593
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The U.S. Current Account Deficit : Gradual Correction or Abrupt Adjustment?
Edwards, Sebastian - 2006
In this paper I use a large multi-country data set to analyze the determinants of abrupt and large "current account reversals." The results from a variance-component probit model indicate that the probability of experiencing a major current account reversal is positively affected by larger...
Persistent link: https://www.econbiz.de/10012466540
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Growth Accelerations
Hausmann, Ricardo - 2004
Unlike most cross-country growth analyses, we focus on turning points in growth performance. We look for instances of rapid acceleration in economic growth that are sustained for at least eight years and identify more than 80 such episodes since the 1950s. Growth accelerations tend to be...
Persistent link: https://www.econbiz.de/10012468127
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International Trade and Child Labor : Cross-Country Evidence
Edmonds, Eric - 2004
We explore the relationship between greater exposure to trade (as measured by openness) and child labor in a cross country setting. Our methodology accounts for the fact that trade flows are endogenous to child labor (and labor standards more generally) by examining the relationship between...
Persistent link: https://www.econbiz.de/10012468377
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Globalization and Factor Income Taxation
Bachas, Pierre; Fisher-Post, Matthew H.; Jensen, Anders; … - National Bureau of Economic Research - 2022
How has globalization affected the relative taxation of labor and capital, and why? To address this question we build …
Persistent link: https://www.econbiz.de/10013172119
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What Determines Immigration's Impact? Comparing Two Global Centuries
Hatton, Timothy J. - 2006
Can history shed light on the modern debate about immigration's labor market impact in high wage economies? This paper examines the relationship between migration and capital flows in the age of mass migration before 1914, the so-called first global century. It then assesses the effects of...
Persistent link: https://www.econbiz.de/10012466251
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Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets
Bordo, Michael D. - 2002
of both advanced and emerging countries during two periods of globalization -- the pre-World War I classical gold … the two eras of globalization reflects factors such as strong cross-country interdependence fostered through links to gold …
Persistent link: https://www.econbiz.de/10012469694
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An Exploration of the International Comparison Program's New Global Economic Landscape
Ravallion, Martin - 2014
dramatic revisions to price levels and real incomes across the world. The paper tries to understand these changes. Domestic …
Persistent link: https://www.econbiz.de/10012458329
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A Dual Policy Paradox : Why Have Trade and Immigration Policies Always Differed in Labor-Scarce Economies
Hatton, Timothy J. - 2005
Today's labor-scarce economies have open trade and closed immigration policies, while a century ago they had just the opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost two centuries? This paper seeks answers to this dual...
Persistent link: https://www.econbiz.de/10012466805
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Global Business and Financial Cycles : A Tale of Two Capital Account Regimes
Acalin, Julien - 2020
Using a new equity price-based measure of the global financial cycle, this paper evaluates the relative importance of global financial shocks for quarterly equity returns and output growths in a large sample of advanced and emerging economies, as well as in South Korea and China--two countries...
Persistent link: https://www.econbiz.de/10012481287