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The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009 … internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off …
Persistent link: https://www.econbiz.de/10012840241
the World Bank in response to the global economic crisis of 2008-2009. Given trends in the imposition of new crisis …
Persistent link: https://www.econbiz.de/10012976545
The paper provides a detailed review of Thomas Piketty's book "Capital in the 21st century." It focuses on the new contributions of the book, and in particular on its unified treatment of economic growth, functional income distribution, and concentration of personal income. It concludes that...
Persistent link: https://www.econbiz.de/10012972971
The authors identifies a new set of stylized facts on the 2008-2009 trade collapse that they hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, they decompose the fall in international trade into product entry and...
Persistent link: https://www.econbiz.de/10012975852
and 10 areas that matter for development. Building on decade-long data collection by the World Bank Enterprise Surveys …
Persistent link: https://www.econbiz.de/10012906342
In the 2000s, global inequality fell for the first time since the Industrial Revolution, driven by a decline in the dispersion of average incomes across countries. Between 1988 and 2008, a period of rapidly increasing global integration, income growth was largest for the global top 1 percent and...
Persistent link: https://www.econbiz.de/10012968216
Since the Global Financial Crisis, world trade growth has been subdued and lagging slightly behind growth of gross … trade-income relationship, and then investigates its consequences for economic growth. On the demand side, sluggish world …
Persistent link: https://www.econbiz.de/10012936149
The Internet has transformed the way countries trade by reducing the costs of exporting. This paper quantifies the impact of Internet adoption on international trade. It shows that the Internet has a positive, nuanced, impact on international trade: bilateral exports are more affected when...
Persistent link: https://www.econbiz.de/10012968215
Climate change damage (or, more correctly, impact) functions relate variations in temperature (or other climate variables) to economic impacts in various dimensions, and are at the basis of quantitative modeling exercises for the assessment of climate change policies. This document provides a...
Persistent link: https://www.econbiz.de/10012968733
sizes around the world. The case of pallets is examined to illustrate the impact of multiplicity of standards on trade costs …. We select this case because pallets are used all around the world, pallet standards are not too sophisticated, and data … because of the lack of rental and exchange pallet markets. To mitigate the costs of this multiplicity of standards, the World …
Persistent link: https://www.econbiz.de/10012971036