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Services play a role in global value chains in many ways, similar to goods. But services deserve special attention because of how they are transacted, how they affect downstream sectors, how they are regulated, and how international cooperation can contribute to integrating national markets....
Persistent link: https://www.econbiz.de/10012245957
This paper computes a new financial globalization index for a large sample of countries for 1992-2016. Unlike other … measures, the financial globalization index corrects for the heteroscedasticity of global volatility. This leads to a downward … adjustment of financial globalization trends for developed, emerging, and frontier markets. The paper also shows that financial …
Persistent link: https://www.econbiz.de/10012246024
This paper documents the influence of diaspora networks of highly-skilled individuals-that is, inventors-on international technological collaborations. Using gravity models, it studies the determinants of the internationalization of inventive activity between a group of industrialized countries...
Persistent link: https://www.econbiz.de/10012246272
The many and varied crises in the world economy since 2007 seem to have different origins and iverse manifestations …
Persistent link: https://www.econbiz.de/10012246386
In spite of the United States' recovery, most Caribbean nations are still struggling in the aftermath of the 2007-08 global financial crisis. This paper examines this slow growth recovery through the analysis of how the Caribbean's growth relates to that of key drivers of the global economy. The...
Persistent link: https://www.econbiz.de/10012246492
Using a data set covering about 277,000 firms across 79 countries over the period 2004-11, this paper examines the evolution of firms capital structure during the global financial crisis and its aftermath in 2010-11. The study finds that firm leverage and debt maturity declined in advanced...
Persistent link: https://www.econbiz.de/10012246591
The purpose of this learning strategy is to develop a structured process of generating, sharing, capturing, and disseminating knowledge about what works in scaling up and sustaining sanitation programs. The authors are undertaking this learning process in order to enable evidence-based decisions...
Persistent link: https://www.econbiz.de/10012246859
This paper examines the poverty impacts of global merchandise trade reform by looking at a wide range of developing countries in Africa, Asia and Latin America. Overall, the authors find that trade reform tends to reduce poverty primarily through the inclusion of agricultural components. The...
Persistent link: https://www.econbiz.de/10012246926
countries or high-income countries as a group, or for the world as a whole. This paper seeks to fill this gap. The paper begins …
Persistent link: https://www.econbiz.de/10012246947
In May 2015, the IFC Corporate Governance Group called together 40 experts in the field and members of the IFC Corporate Governance Private Sector Advisory Group. These participants explored key changes in international corporate governance standards and codes of best practice in the wake of the...
Persistent link: https://www.econbiz.de/10012247234