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The purpose of this study is twofold. The first is to develop a new composite index of globalization based on data on … effects of globalization on economic growth and income inequality. The index comprises 25 indicators that represent the key … integration in the construction of the globalization index. The results show that although globalization promotes economic growth …
Persistent link: https://www.econbiz.de/10012030661
before and after the start of the Second World War. To this end, we perform Granger-causality tests between exports and GDP …
Persistent link: https://www.econbiz.de/10014445938
We revisit Western Europe's record with labor-productivity convergence and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10014067497
Economic growth is a frequently analyzed aspect, both from theoretical and empirical standpoint, under the impact of the influence factors, while the issue of economic growth was studied by applying different methods and obtaining different results. In the case of EU28, the problem of economic...
Persistent link: https://www.econbiz.de/10013305995
In the European political discourse, the potentially vast economic benefits derived from the European Union are taken for granted. In the academic debate, these economic benefits, even if measured in terms of GDP per capita growth, are much less consensual. There are severe methodological...
Persistent link: https://www.econbiz.de/10012837929
Approaching the issue of mounting global imbalances from the perspective of the Bretton Woods II hypothesis,ʺ this paper argues that the popular preoccupation with China’s supposed export-led development strategy is misplaced. It also suggests, similar to Japan’s depression, subdued growth...
Persistent link: https://www.econbiz.de/10003721073
Approaching the issue of mounting global imbalances from the perspective of the quot;Bretton Woods II hypothesis,quot; this paper argues that the popular preoccupation with China's supposed export-led development strategy is misplaced. It also suggests, similar to Japan's depression, subdued...
Persistent link: https://www.econbiz.de/10012711566
This study examined the nexus between globalization and economic growth in European countries from 1990 to 2018 with … and World Development Indicator, respectively. The major findings that originated from this study are as follows. The lag … value of economic growth has a significant positive relationship with its present value. Globalization index variables such …
Persistent link: https://www.econbiz.de/10012295812
The paper analyses the internationalization of European economies focusing on ten new member states (NMS-10: Cyprus, the Czech Republic, Estonia, Hungary, Lithuania, Latvia, Malta, Poland, Slovakia, and Slovenia). The degree of internationalization is measured by macroeconomic aggregates,...
Persistent link: https://www.econbiz.de/10013085306
The present article investigates empirically whether non-reciprocal trade preferences (NRTPs) offered by QUAD countries (Canada, the European Union, Japan, and the United States) to developing countries have helped to promote economic growth in the beneficiary countries. Two main blocks of NRTPs...
Persistent link: https://www.econbiz.de/10014235269