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The literature has paid very little attention to a potential positive endogenous nexus between trade globalization and political liberalization. In this paper, I apply a structural approach to investigate two-way causality between the two based on the gravity trade theory, using data from a...
Persistent link: https://www.econbiz.de/10011470776
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/10010282215
Finanz- und Wirtschaftskrise 2008/09, COVID-19-Pandemie, Ukrainekrieg und eine Reihe protektionistischer Politikmaßnahmen haben zu einer Abnahme der internationalen Arbeitsteilung geführt. Der Beitrag analysiert aus einer politökonomischen Perspektive Verteilungseffekte, Rodriks Trilemma, das...
Persistent link: https://www.econbiz.de/10013455497
There has been no shortage of theories which purport to explain why globalisation may have, adverse, insignificant or even beneficial effects on income and earnings inequality. Surprisingly, the empirical realities remain an almost complete mystery. In this paper we use data on industrial wage...
Persistent link: https://www.econbiz.de/10010285880
) as one way in which to transfer wealth to poor societies, leading to democracy. The most recent literature assesses this … point better. We create models of democracy and use estimates of FDI stock for 107-120 countries over the 1970-2000 time … period as a principal control variable. We find that FDI Granger-causes democracy to a greater degree than the other way …
Persistent link: https://www.econbiz.de/10010323571
Der Krisenverlauf und die Bemühungen der Politik gegenzusteuern lassen den Eindruck entstehen, dass die Finanzmärkte die Politik vor sich hertreiben. Die Politik hat offenbar durch ein Regulierungsversagen die Marktkräfte nicht genügend gebändigt. Wurden die Kapitalmärkte nicht schon seit...
Persistent link: https://www.econbiz.de/10010327904
Democratic capitalism has become the popular paradigm in the modern world, and it is spreading further through …
Persistent link: https://www.econbiz.de/10010271772
This new collection critically examines the new global policy of 'good governance'. This catchphrase of aid policy and development thinking has been the subject of too little analysis to date. This book redresses the balance. It places the prefix 'good', and exactly what that means, under the...
Persistent link: https://www.econbiz.de/10012990572
The Brussels Effect, once emblematic of the EU's alleged influence in shaping global regulations, has now become a factor contributing to global regulatory fragmentation. The EU must recalibrate its trajectory towards a liberal and rules-based trading order, prioritizing widespread regulatory...
Persistent link: https://www.econbiz.de/10014560198
Persistent link: https://www.econbiz.de/10011695731