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Globalization, by its proportions, changed the basis and the perspective of the economic life as a fundamental change … action. Globalization is a system where the objective function aims the whole in order to eliminate adversity and competition …
Persistent link: https://www.econbiz.de/10010925938
In Japan, as in the United States, stocks that are more sensitive to changes in the monthly growth rate of labor income earn a higher return on average. Whereas the stock-index beta can only explain 2 percent of the cross-sectional variation in the average return on stock portfolios, the...
Persistent link: https://www.econbiz.de/10012744447
Using unique data on mutual fund portfolios with different investment scopes, we study the extent of international diversification. Mutual funds invest in a surprisingly limited number of stocks—about 100. The number of holdings from a given region declines as the investment scope broadens....
Persistent link: https://www.econbiz.de/10011009982
Purpose – Is globalization instrumental in fighting corruption? Do wealth effects matter in this fight? Are findings … analysis, while the economic and social dimensions of globalization are reflected in the HDI, the political dimension is … captured by good governance indicators. A TSLS-IV estimation technique is applied where-in globalization instruments of trade …
Persistent link: https://www.econbiz.de/10009650668
Purpose – The purpose of this paper is to assess the effects of trade and financial globalization on human development … variables are exogenous to the endogenous components of explaining variables(globalization dynamic channels) conditional on … alternative globalization indicators; (2) endogeneity based estimation ; and (3) adoption of two interchangeable sets of …
Persistent link: https://www.econbiz.de/10009647358
Even though globalization benefits less developed countries (LDCs), it also makes them more vulnerable to the exogenous …
Persistent link: https://www.econbiz.de/10009365410
Economic globalization has been a much debated phenomenon with consequences at all levels - social, economic, technical …, scientific, cultural, every day life, in a word. Linguistic globalization, obvious more and more all over the world, manifested … globalization in Romanian and the reactions of the Romanian linguists and men of letters towards this phenomenon. …
Persistent link: https://www.econbiz.de/10010548894
Are formal institutions instrumental in the effect globalization mechanisms have on the human face? If so, through … some channels of globalization on poverty (and inequality), formal institutions have the capacity to device policies that …
Persistent link: https://www.econbiz.de/10010840475
about the merits of financial globalization and its implications for growth especially in developing countries. This paper …
Persistent link: https://www.econbiz.de/10010604536
The U.S. sub-prime crise developed in the last few months as a dangerous syncope for the entire international financial system, recall for the rethinking of market functionality, revealing the international institutional weakness in financial system supervision on global scale. The mortgage...
Persistent link: https://www.econbiz.de/10008545975