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This paper evaluates the impact of globalization on the tax bases of countries at varying stages of development. We see … globalization as a process that induces countries to embrace greater trade and financial integration, and macro stabilization. This …" taxes. We confirm the robustness of the main results to IV methodology, where trade globalization is inferred from applying …
Persistent link: https://www.econbiz.de/10010285297
Cultural and institutional differences among nations may result in differences in the ratios of marginal costs of goods in autarchy and thus be the basis of specialization and comparative advantage, as long as these differences are not eliminated by trade. We provide an evolutionary model of...
Persistent link: https://www.econbiz.de/10010287852
financial rescue packages in many advanced nations. The close integration of China with the world economy over the last two … on China and (2) the second-round effects of a downturn in China for the rest of world. …
Persistent link: https://www.econbiz.de/10010286512
Economic globalization causes an increasing international fragmentation (disintegration) of value-added-chains, whereby …
Persistent link: https://www.econbiz.de/10010294506
globalization. It then uses simple graphical tools to address, in a general way, several questions that appear relevant from western …
Persistent link: https://www.econbiz.de/10010294567
A distinctive feature of the present wave of economic globalization is that the principle of world-wide arbitrage is …
Persistent link: https://www.econbiz.de/10010294605
I develop a generalized factor price frontier which incorporates endogenous adjustment of international fragmentation in multistage production, allowing for a continuum of stages. This allows us to address fragmentation, not only as an exogenous event, but also as an integral part of endogenous...
Persistent link: https://www.econbiz.de/10010294622
globalization and find persistence in productive capabilities proxied by economic complexity, export diversification, and …
Persistent link: https://www.econbiz.de/10012606437
to the 1990s, VC was primarily a US-only phenomenon. The globalization of IT activities induced the US venture capital …
Persistent link: https://www.econbiz.de/10010285310
We characterize the relationship between ex post exchange rate depreciation and the interest differential for a set of countries that spans both developed and emerging market economies. Measured ex post uncovered interest differentials are then related to measures of trade and financial...
Persistent link: https://www.econbiz.de/10010285319