Showing 1 - 10 of 182
The 1870-1913 period marked the birth of the first era of trade globalization. How did this tremendous increase in trade affect economic development? This work isolates a causality channel by exploiting the fact that the steamship produced an asymmetric change in trade distances among countries....
Persistent link: https://www.econbiz.de/10010851482
Using a simple production function approach I show that conventional factors and forces of production, national identity, and globalization are important to national well-being, but in varying ways. Whereas investment in capital and globalization, especially social globalization, affect national...
Persistent link: https://www.econbiz.de/10004961524
I estimate the effects of national symbols and globalization on the well-being of 88 countries. I find that conventional determinants of production affect national well-being, measured as human development index (HDI). The effects on HDI of national symbols like national flag colors are...
Persistent link: https://www.econbiz.de/10005000637
, lack of interest of the state elites in profound changes, underdevelopment of democracy etc. among them. Democracy is … verify the assumption that modernization is closely associated with democracy using Polity IV and Freedom House indicators in … Ukraine. As a result, the democracy level does not appear to be a consequence of the economic reforms success in Ukraine. Thus …
Persistent link: https://www.econbiz.de/10010884808
This paper investigates the determinants of economic growth emphasizing the role of institutional quality, social fragmentation, and increasing global integration on recent growth experience. Our longitudinal data consists of 103 countries covering the period 1992-2005. We find that democracies...
Persistent link: https://www.econbiz.de/10011279247
We study the long run relationship between natural resources abundance and wealth of countries producing differentiated products sold in the international market. When the price (terms of trade) of national products depend on the human capital used to produce them, natural resources may lead to...
Persistent link: https://www.econbiz.de/10005670966
Persistent link: https://www.econbiz.de/10004186260
The economic growth of a country depends more and more on its capacity to innovate. Japan, South Korea and the P. R. of China acquire an increasing importance in the global location competition besides some smaller Asian threshold economies. Other countries such as India make also an effort to...
Persistent link: https://www.econbiz.de/10005089486
Several recent studies have found a negative relation between government size and economic growth in rich countries. Since countries with big government have experienced above average improvements in both the Economic freedom index and the KOF globalization index, we argue that existing studies...
Persistent link: https://www.econbiz.de/10005642458
The income convergence literature suggests that poor countries can catch-up to rich ones conditional on sharing certain characteristics with rich countries. Good institutions such as strong property rights and rule-of-law are key amongst those characteristics. From a policy perspective this is...
Persistent link: https://www.econbiz.de/10010796069