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Persistent link: https://www.econbiz.de/10004998637
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
Persistent link: https://www.econbiz.de/10005013195
Persistent link: https://www.econbiz.de/10005056457
Recent studies of European countries indicate that the contribution of the ICT sectors to the regional economy is weakening and slowing economic growth. The present study investigates the contribution of the ICT sectors to economic performance in the European economies using Input–Output (IO)...
Persistent link: https://www.econbiz.de/10010943070
Purpose – To review the literature on the relationship between growth, globalization, and poverty, and present … regressing the share of population in poverty on growth rates of countries for which data is available from World Bank surveys …
Persistent link: https://www.econbiz.de/10005081352
, it is possible to identify a variety of channels through which trade affects the evolution of world income and its …
Persistent link: https://www.econbiz.de/10010547158
Persistent link: https://www.econbiz.de/10009219559
The paper shows that Asia's degree of financial integration, both with the world and within the region remains low by …
Persistent link: https://www.econbiz.de/10009369446