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We evaluate empirically the impact of the dramatic 1991 trade liberalization in India on the industry wage structure. The empirical strategy uses variation in industry wage premiums and trade policy across industries and over time. In contrast to earlier studies on developing countries, we find...
Persistent link: https://www.econbiz.de/10005825907
The literature on the benefits and costs of financial globalization for developing countries has exploded in recent … macroeconomic effects of financial globalization, in terms of both growth and volatility. Overall, our critical reading of the … financial globalization, but with many nuances. On the other hand, there is little systematic evidence to support widely cited …
Persistent link: https://www.econbiz.de/10005263828
context of globalization-a term typically used to describe the phenomenon of growing international trade and financial …
Persistent link: https://www.econbiz.de/10005825974
countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows … economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth …
Persistent link: https://www.econbiz.de/10005769105
in affecting developing countries’ experiences with financial globalization. …
Persistent link: https://www.econbiz.de/10005590880
Standard theoretical arguments tell us that countries with relatively little capital benefit from financial integration as foreign capital flows in and speeds up the process of income convergence. We show in a calibrated neoclassical model that conventionally measured welfare gains from this...
Persistent link: https://www.econbiz.de/10005605034
Financial globalization has increased dramatically over the past three decades, particularly for advanced economies … principle, financial globalization should enhance international risk sharing, reduce macroeconomic volatility, and foster …
Persistent link: https://www.econbiz.de/10010790496
Which structural reforms affect the speed the regional convergence within a country? We found that domestic financial development, trade/current account openness, better institutional infrastructure, and selected labor market reforms facilitate regional convergence. However, these reforms have...
Persistent link: https://www.econbiz.de/10011142004
The determinants of economic growth have been a much debated theoretical issue in the literature, especially after the endogenous growth theory of the late 1980s. This new theory highlights the importance of economic policies that lead to an increasing rate of return. In particular, it is argued...
Persistent link: https://www.econbiz.de/10011008850
This Selected Issues paper for Algeria analyzes the potential economic impact of Algeria’s Association Agreement with the European Union (AAEU). The paper lays out the major elements of Algeria’s AAEU and makes a comparison with other AAEUs. It discusses the potential economic...
Persistent link: https://www.econbiz.de/10011244528