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International Financial Integration and Economic Growth
Edison, Hali J. - 2002
This paper uses new data and new econometric techniques to investigate the impact of international financial integration on economic growth and also to assess whether this relationship depends on the level of economic development, financial development, legal system development, government...
Persistent link: https://www.econbiz.de/10012469546
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Asiaphoria Meets Regression to the Mean
Pritchett, Lant - 2014
substantially shift towards Asia and especially towards the Asian Giants, China and India. While such forecasts may pan out, there … are substantial reasons that China and India may grow much less rapidly than is currently anticipated. Most importantly … discontinuities account for a large fraction of the variation in growth rates. We suggest that salient characteristics of China …
Persistent link: https://www.econbiz.de/10012458092
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Exploring Spatial Price Relationships : The Case of African Swine Fever in China
Delgado, Michael S.; Ma, Meilin; Wang, H. Holly - National Bureau of Economic Research - 2021
) in China as a natural experiment to study spatial mechanisms behind the dynamics of market integration. With a unique …
Persistent link: https://www.econbiz.de/10012616589
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Mismatch and Assimilation
Wang, Ping - 2018
Income disparity across countries has been large and widening over time. We develop a tractable model where factor requirements in production technology do not necessarily match a country's factor input profile. Appropriate assimilation of frontier technologies balances such multi-dimensional...
Persistent link: https://www.econbiz.de/10012480613
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Global Diversification, Growth and Welfare with Imperfectly Integrated Markets for Goods
Dumas, Bernard - 1999
In this article, we examine the effect of the imperfect mobility of goods on international risk sharing and, through that, on the investment in risky projects, welfare and growth. We find that the welfare gain of financial market openness is not monotonic with respect to investors' risk aversion...
Persistent link: https://www.econbiz.de/10012471806
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Global Growth Opportunities and Market Integration
Bekaert, Geert - 2004
We measure a country's growth opportunities by investigating how its industry mix is priced in global capital markets, using price earnings ratios of global industry portfolios. We derive three sets of empirical results. First, these exogenous growth opportunities strongly predict future changes...
Persistent link: https://www.econbiz.de/10012467697
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How Large Are the Gains from Economic Integration? Theory and Evidence from U.S. Agriculture, 1880-1997
Costinot, Arnaud - 2016
In this paper we develop a new approach to measuring the gains from economic integration based on a generalization of the Ricardian model in which heterogeneous factors of production are allocated to multiple sectors in multiple local markets based on comparative advantage. We implement this...
Persistent link: https://www.econbiz.de/10012455734
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On the Road : Access to Transportation Infrastructure and Economic Growth in China
Banerjee, Abhijit - 2012
This paper estimates the effect of access to transportation networks on regional economic outcomes in China over a …
Persistent link: https://www.econbiz.de/10012460763
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Mechanics of Spatial Growth
Cai, Sheng; Caliendo, Lorenzo; Parro, Fernando; Xiang, Wei - National Bureau of Economic Research - 2022
migration on China's spatial development and aggregate growth during the 1990s and 2000s. We find that initial conditions across … and aggregate growth in China. Changes in international trade costs and mobility restrictions during the 1990s and 2000s …
Persistent link: https://www.econbiz.de/10013435141
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Cities, Heterogeneous Firms, and Trade
Bakker, Jan David; García Marín, Alvaro; Potlogea, … - National Bureau of Economic Research - 2024
Does international trade affect the growth of cities, and vice versa? Assembling disaggregate data for four countries, we document a novel stylized fact: Export activity is disproportionately concentrated in larger cities - even more so than overall economic activity. We rationalize this fact by...
Persistent link: https://www.econbiz.de/10014528416