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Econometric Analysis of Stock Price Co-movement in the Economic Integration of East Asia
Chow, Gregory C; Huang, Shicheng; Niu, Linlin - 2013
This paper studies the economic integration of East Asian economies among one another and with the US using co-movement of stock market prices. Both time-varying correlations and regressions are employed. We have traced the increased integration from 1980 to 2011 among the NIEs of Korea, Hong...
Persistent link: https://www.econbiz.de/10010892117
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Financial versus monetary mercantilism: Long-run view of large international reserves hoarding
Aizenman, Joshua; Lee, Jaewoo - 2007
The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...
Persistent link: https://www.econbiz.de/10010285324
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Financial versus monetary mercantilism-long-run view of large international reserves hoarding
Aizenman, Joshua; Lee, Jaewoo - 2006
The sizable hoarding of international reserves by several East Asian countries has been frequently attributed to a modern version of monetary mercantilism - hoarding international reserves in order to improve competitiveness. From a long-run perspective, manufacturing exporters in East Asia...
Persistent link: https://www.econbiz.de/10010322713
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Does globalization create superstars?
Gersbach, Hans; Schmutzler, Armin - 2007
To examine the impact of globalization on managerial compensation, we consider a matching model where a number of firms … compete both in the product market and in the managerial market. We show that globalization, i.e. the simultaneous integration …
Persistent link: https://www.econbiz.de/10010315582
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Globalization and migration: A "unified brain drain" model
Brezis, Elise S.; Soueri, Ariel - 2012
Globalization has led to a vast flow of migration of workers but also of students. The purpose of this paper is to …
Persistent link: https://www.econbiz.de/10010336067
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Low-Wage Import Competition, Inflationary Pressure, and Industry Dynamics in Europe
Auer, Raphael; Degen, Kathrin; Fischer, Andreas M. - 2011
What is the impact of import competition from low-wage countries (LWCs) on inflationary pressure in Europe? This paper examines whether labor-intensive exports from emerging Europe, Asia, and other global regions have a uniform impact on producer prices in Germany, France, Italy, Sweden, and the...
Persistent link: https://www.econbiz.de/10011430088
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Globalization and developing countries - a shrinking tax base?
Aizenman, Joshua; Jinjarak, Yothin - 2006
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
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International trade, factor mobility and the persistence of cultural-institutional diversity
Belloc, Marianna; Bowles, Samuel - 2009
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
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Globalization and developing countries - a shrinking tax base?
Aizenman, Joshua; Jinjarak, Yothin - 2006
This paper evaluates the impact of globalization on 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. This in turn should shift …
Persistent link: https://www.econbiz.de/10010322726
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Globalization, brain drain and development
Docquier, Frédéric; Rapoport, Hillel - 2011
high-skill) migration is becoming the dominant pattern of international migration and a major aspect of globalization. We …
Persistent link: https://www.econbiz.de/10010336056