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Ramey, Valerie A. - 2006

Has leisure increased over the last century? Standard measures of hours worked suggest that it has. In this paper, we develop a comprehensive measure of non-leisure hours that includes market work, home production, commuting and schooling for the last 105 years. We also present empirical and...

Persistent link: https://www.econbiz.de/10012466404

The Global Decline of the Labor Share

Karabarbounis, Loukas - 2013

The stability of the labor share of income is a key foundation in macroeconomic models. We document, however, that the global labor share has significantly declined since the early 1980s, with the decline occurring within the large majority of countries and industries. We show that the decrease...

Persistent link: https://www.econbiz.de/10012459527

Exploring Reallocation's Apparent Weak Contribution to Growth

Nishida, Mitsukuni - 2013

Two recent meta-analyses use variants of the Baily, Hulten, and Campbell (1992) (BHC) decompositions to ask whether recent robust growth in Aggregate Labor Productivity (ALP) across twenty-five countries is due to lower barriers to input reallocation. They find weak gains from measured...

Persistent link: https://www.econbiz.de/10012459650

Internationalization and the evolution of corporate valuation

Levine, Ross - 2005

"By documenting the evolution of Tobin's "q" before, during, and after firms internationalize, this paper provides evidence on the bonding, segmentation, and market timing theories of internationalization. Using new data on 9,096 firms across 74 countries over the period 1989-2000, we find that...

Persistent link: https://www.econbiz.de/10010522397

Financial Regulation, Financial Globalization and the Synchronization of Economic Activity

Kalemli-Ozcan, Sebnem - 2009

We analyze the impact of financial globalization on business cycle synchronization utilizing a proprietary database on …

Persistent link: https://www.econbiz.de/10012008492

Global Supply Chains : The Looming "Great Reallocation"

Alfaro, Laura; Chor, Davin - National Bureau of Economic Research - 2023

Global supply chains have come under unprecedented stress as a result of US-China trade tensions, the Covid-19 pandemic, and geopolitical shocks. We document shifts in the pattern of US participation in global value chains over the last four decades, in terms of partner countries, products, and...

Persistent link: https://www.econbiz.de/10014372418

Core, Periphery, Exchange Rate Regimes, and Globalization

Bordo, Michael D. - 2001

In this paper we focus on the different historical regime experiences of the core and the periphery. Before 1914 advanced countries adhered to gold while periphery countries either emulated the advanced countries or floated. Some peripheral countries were especially vulnerable to financial...

Persistent link: https://www.econbiz.de/10012470132

Global Production Sharing and Rising Inequality : A Survey of Trade and Wages

Feenstra, Robert - 2001

We argue that trade in intermediate inputs, or 'global production sharing,' is a potentially important explanation for the increase in the wage gap between skilled and unskilled workers in the U.S. and elsewhere. Using a simple model of heterogeneous activities within an industry, we show that...

Persistent link: https://www.econbiz.de/10012470348

Globalization and Inequality : Historical Trends

O'Rourke, Kevin H. - 2001

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/10012470385

Financial Systems, Economic Growth, and Globalization

Rousseau, Peter L. - 2001

that the growth and increasing globalization of these economies might indeed have been 'finance-led.' …

Persistent link: https://www.econbiz.de/10012470401

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