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heterogeneity in the degree of globalization over time and across countries and regions of the World, as well as within countries …The process of globalization is an international economic order which has led to the progressive integration of the … world economy through the pulling the barrier of trade and greater mobility of factors of production. In addition the …
Persistent link: https://www.econbiz.de/10010267513
The process of globalization encompasses economic and financial integration. Abolition of capital controls and … and inflation rates. China has recently adopted International Financial Reporting Standards (IFRS) in her efforts to … in a way that fosters further economic growth in China. …
Persistent link: https://www.econbiz.de/10010320377
Persistent link: https://www.econbiz.de/10011695891
Integration a.ects economic growth mainly through two different channels : The scale-effect channel and the factor-reallocation channel. In order to investigate both channels within a unifying framework, we employ a simple descriptive growth model. The scale-effect channel increases either the...
Persistent link: https://www.econbiz.de/10011753097
This paper highlights the economic meaning of the size of the state for members of the European Union, thereby making the economic success of EU states statistically tangible. Firstly, we show in descriptive illustrations that the theoretically expected characteristics of small countries clearly...
Persistent link: https://www.econbiz.de/10010311703
Using pooled mean-group estimation we first analyse conditional convergence in the EU15 area in 1960-2002. Conditional convergence is well documented for the EU15 countries and deeper European integration is mostly shown to have fastened convergence. Also higher investment, lower public...
Persistent link: https://www.econbiz.de/10010285202
Most FDI takes place between the developed countries, which suggests that the market-seeking motive is important for understanding FDI. However, given the stylized fact that trade barriers (e.g. transportation costs and financial barriers) have declined over the past 20 years, models that aim to...
Persistent link: https://www.econbiz.de/10010275800
Persistent link: https://www.econbiz.de/10011695737
globalization trends where financial market development can more easily substitute for it. …
Persistent link: https://www.econbiz.de/10010303691
: 1) globalization is a process of continuing integration of the countries of the world that is beneficial, inevitable and …This paper examines the impacts of globalization on small countries, covering the main features of globalization, the … irreversible. No any country can afford to remain isolated from the world economy. 2) some of small countries might have higher …
Persistent link: https://www.econbiz.de/10010296788