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Persistent link: https://www.econbiz.de/10011695728
economic growth of peripheral economies during the so-called first age of financial globalization before 1914. For this paper … globalization. Our temptative explanation for this marked difference between now and then stresses property rights protection as a …
Persistent link: https://www.econbiz.de/10011753111
Persistent link: https://www.econbiz.de/10011695891
Persistent link: https://www.econbiz.de/10011696466
The growth effects of international financial liberalization and integration are investigated using the methodology and data developed by Rajan and Zingales (1998). The main result is that industries highly dependent on external financing do not experience higher growth in value added in...
Persistent link: https://www.econbiz.de/10010281407
other side, the globalization of the post-industrial economy generates a new urban spatial organization where a few number … cities are in the less developed countries, while the most powerful world cities are mainly located in the developed … countries. It results that size seems to be neither a necessary nor a sufficient condition for obtaining the status of world …
Persistent link: https://www.econbiz.de/10011400210
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward … stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be … hyper-globalization. It will also be shown that this new dual economy presents serious limitations for further technological …
Persistent link: https://www.econbiz.de/10012217871
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward … stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be … hyper-globalization. It will also be shown that this new dual economy presents serious limitations for further technological …
Persistent link: https://www.econbiz.de/10011786876
The literature on the relationship between the size of government and economic growth is full of seemingly contradictory findings. This conflict is largely explained by variations in definitions and the countries studied. An alternative approach - of limiting the focus to studies of the...
Persistent link: https://www.econbiz.de/10010320200
We study economic growth in four emerging economies - Brazil, Russia, India, and China (BRIC). Questions addressed are: (a) How do medium term growth determinants differ from short term determinants? (b) What are differences between growth effects of aggregate versus disaggregated exports? And...
Persistent link: https://www.econbiz.de/10010326923