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This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...
Persistent link: https://www.econbiz.de/10009161729
This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...
Persistent link: https://www.econbiz.de/10013123168
Persistent link: https://www.econbiz.de/10014390190
The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to … the effect of democracy on growth, was colonialism economically bad for colonies, does protectionism affect growth … negatively, what is the effect of wars? We find that own democracy has a significant positive impact on growth which increases as …
Persistent link: https://www.econbiz.de/10014062168
Persistent link: https://www.econbiz.de/10010387747
Persistent link: https://www.econbiz.de/10012226324
Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset. Conflict is also associated with dramatic declines...
Persistent link: https://www.econbiz.de/10012252077
This brief presents an overview of Ukraine's economy before and during the first ten months of the Russo-Ukraine war …, as well as some preliminary considerations for the post-war economy. Although Ukraine's economic growth trailed many of …'s economic recovery. As long as the war continues, Ukraine's public finances and military efforts must largely be financed by …
Persistent link: https://www.econbiz.de/10013489476
Persistent link: https://www.econbiz.de/10011810693
Geopolitical conflicts have increasingly been a driver of trade policy. We study the potential effects of global and persistent geopolitical conflicts on trade, technological innovation, and economic growth. In conventional trade models the welfare costs of such conflicts are modest. We build a...
Persistent link: https://www.econbiz.de/10013270793