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Land, Labor and Globalization in the Pre-Industrial Third World

Williamson, Jeffrey G. - 2000

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

Commodity Price Volatility and World Market Integration since 1700

Jacks, David S. - 2009

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

Financial Globalization : A Reappraisal

Kose, M. Ayhan - 2006

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

Explaining Inequality the World Round : Cohort Size, Kuznets Curves, andOpenness

Higgins, Matthew - 1999

Klaus Deininger and Lyn Squire have recently produced an inequality data base for a panel of countries from the 1960s to the 1990s. We use these data to decompose the sources of inequality into three central parts: the demographic or cohort size effect; the so-called Kuznets Curve or demand...

Persistent link: https://www.econbiz.de/10012471565

Why Did the Tariff-Growth Correlation Reverse After 1950?

Clemens, Michael A. - 2002

This paper uses a new database to establish a key finding: high tariffs were associated with fast growth before World … controlling for novel measures of the changing world economic environment. Rejecting alternative explanations based on changing … head in a world environment characterized by a moderately higher level of generalized tariff protection. We confirm the …

Persistent link: https://www.econbiz.de/10012469529

Negative Alchemy? Corruption, Composition of Capital Flows, and Currency Crises

Wei, Shang-Jin - 2001

Crony capitalism and self-fulfilling expectations by international creditors are often suggested as two rival explanations for currency crisis. This paper examines a possible linkage between the two that has not been explored much in the literature: corruption may affect a country's composition...

Persistent link: https://www.econbiz.de/10012470539

When Is There a Strong Transfer Risk from the Sovereigns to the Corporates? Property Rights Gaps and CDS Spreads

Bai, Jennie - 2012

When a sovereign faces the risk of debt default, it may be tempted to expropriate the private sector. This may be one reason for why international investment in private companies has to take into account the sovereign risk. But the likelihood of a transfer from the sovereign risk to corporate...

Persistent link: https://www.econbiz.de/10012460062

Who Are the Hand-to-Mouth?

Aguiar, Mark A. - 2020

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

Domestic Institutions and the Bypass Effect of Financial Globalization

Ju, Jiandong - 2007

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

Financial Globalization, Growth and Volatility in Developing Countries

Prasad, Eswar S. - 2004

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