Showing 1 - 8 of 8
A Third World data base documenting commodity and factor prices 1870-1940 has been collected, yielding annual time … for 10 in the so-called greater Atlantic economy: Australia, Britain, Canada, Denmark, France, Germany, Ireland, Spain …/rental ratios the world round between 1870 and 1940. The data offer a useful way to identify the impact of globalization on the pre …
Persistent link: https://www.econbiz.de/10012470966
of life deep into the 18th century. Does world market integration breed more or less commodity price volatility? The … been associated with much greater commodity price volatility, while world market integration associated with peace and pro … never been constant. Globalization increased poor country specialization in commodities when the world went open after the …
Persistent link: https://www.econbiz.de/10012463899
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results. We attempt to provide a unified conceptual framework for organizing this vast and growing...
Persistent link: https://www.econbiz.de/10012466181
Many households hold little wealth, especially liquid wealth. In precautionary savings models, absent preference heterogeneity, these households should display not only higher marginal propensities to consume (MPCs), but also lower average propensities to consume (APCs) and higher future...
Persistent link: https://www.econbiz.de/10012479167
This paper explores the main channels of international transmission of economic disturbances under the Bretton Woods System and presents evidence on the short-run international transmission of inflation under that system. There appears to have been little short-run international transmission of...
Persistent link: https://www.econbiz.de/10012474846
This paper studies the international transmission of business cycles by developing a two-country real business-cycle model and confronting it with a broad set of empirical observations. These observations include variances and covariances of output, labor, consumption, employment, and investment...
Persistent link: https://www.econbiz.de/10012475480
the world than many developing countries. A noteworthy feature of this theory is that financial and property rights …
Persistent link: https://www.econbiz.de/10012465505
This paper provides a comprehensive assessment of empirical evidence about the impact of financial globalization on growth and volatility in developing countries. The results suggest that it is difficult to establish a robust causal relationship between financial integration and economic growth....
Persistent link: https://www.econbiz.de/10012467745