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income group clusters to aid comparison across income blocs. The study employed panel estimation techniques including pooled … ordinary least squares (POLS), dynamic panel estimation with fixed-effects and random-effects and generalized method of moments …
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This paper investigates the effects of a global uncertainty shock in open economies and the role of country relative risk exposure in the transmission of the shock. We employ an Interacted VAR model to take the time-varying dimension of country relative risk exposure into account. Evidence of...
Persistent link: https://www.econbiz.de/10012984092
It is sometimes argued that increasing globalisation and openness to trade has exerted downward pressure on inflation in developed countries by, for example, reducing import prices. But, as recent experience of rising commodity prices suggests, globalisation may sometimes be associated with...
Persistent link: https://www.econbiz.de/10014214302
The literature has paid very little attention to a potential positive endogenous nexus between trade globalization and … shows that trade globalization dampens political liberalization, though political liberalization fosters trade globalization …
Persistent link: https://www.econbiz.de/10014057781
international transactions into a single measure or index of globalization. The index is an alternative to the simple measure of …
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