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Deinstitutionalization and Institutional Replacement : State-Centered and Neo-Liberal Models in the Global Electricity Supply Industry
Henisz, Witold J.; Holburn, Guy L. F.; Zelner, Bennet A. - 2011
We investigate the replacement of the traditional state-centered model of electricity industry organization with a market-oriented neo-liberal model in 83 countries. We argue and find that social actors' ascription of legitimacy to an institutional replacement is central to the replacement's...
Persistent link: https://www.econbiz.de/10014027565
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Global Recessions
Kose, M. Ayhan - 2020
The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global...
Persistent link: https://www.econbiz.de/10012840241
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Financial Globalization and the Russian Crisis of 1998
Pinto, Brian - 2017
interaction among Russia's deteriorating fiscal fundamentals, its weak micro-foundations of growth and financial globalization … notwithstanding. These include a discussion of when financial globalization might actually hurt and a cutoff in market access might …
Persistent link: https://www.econbiz.de/10012976533
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Trade Crisis and Recovery : Restructuring of Global Value Chains
Milberg, William - 2017
The recent large and rapid slowdown in economic activity has resulted in even larger and more rapid declines in international trade. As world trade is set to rebound, this paper addresses three questions: (i) Will trade volumes rebound in a symmetric fashion as world economic growth rebounds?...
Persistent link: https://www.econbiz.de/10012976553
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Can Latin America Tap the Globalization Upside?
de la Torre, Augusto - 2017
This paper discusses the theoretical arguments in favor of and against economic globalization and, with a view to … ascertaining whether Latin America may be able to capture the globalization upside, examines the trends and salient features of … Latin America's globalization as compared with that of Southeast Asia. The paper focuses on trade and financial integration …
Persistent link: https://www.econbiz.de/10012973335
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Globalization and Firms'Financing Choices - Evidence from Emerging Economies
Grootaert, Christian - 2017
The authors investigate whether integration with global markets affects the financing choices of firms from East Asia and Latin America. Using firm-level data for the 1980s and 1990s, they study how leverage ratios, the structure of debt maturity, and sources of financing change when economies...
Persistent link: https://www.econbiz.de/10012746902
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Equity and Bond Flows to Asia and Latin America : The Role of Global and Country Factors
Lopez-Acevedo, Gladys - 2017
The authors investigate what has motivated the large portfolio flows to several developing countries in recent years. Using monthly data on U.S. capital flows to nine Latin American and nine Asian countries (instead of monthly reserves data), they analyze the behavior of bond andequity flows to...
Persistent link: https://www.econbiz.de/10012746921
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Economic Freedom, Human Rights, and the Returns to Human Capital : An Evaluation of the Schultz Hypothesis
King, Elizabeth - 2017
According to T.W. Schultz, the returns to human capital are highest in economic environments experiencing unexpected price, productivity, and technology shocks that create "disequilibria." In such environments, the ability of firms and individuals to adapt their resource allocations to shocks...
Persistent link: https://www.econbiz.de/10012976391
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The Return Of"Patrimonial Capitalism" : Review of Thomas Piketty's Capital in the 21st Century
Milanovic, Branko - 2017
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
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How Did the Great Recession Affect Different Types of Workers? Evidence from 17 Middle-Income Countries
Cho, Yoonyoung - 2011
This paper examines how different types of workers in seventeen middle-income countries were affected by labor market retrenchment during the great recession. Average employment growth slowed dramatically, particularly for wage and industrial sector workers, with corresponding increases in...
Persistent link: https://www.econbiz.de/10013129054