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The paper shows that the relationship between GDP per capita and levels of specialization can be predicted differently depending on whether the intensive or the extensive margin is considered. It shows that at the extensive margin countries continuously diversify their exports and that...
Persistent link: https://www.econbiz.de/10010382160
Real effective exchange rate (REER) imbalances may affect economic growth by altering the allocation of labour and capital across sectors. This study assesses whether the component of inter-sectoral production factor misallocation induced by REER misalignments significantly hinders economic...
Persistent link: https://www.econbiz.de/10014255788
This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries over 30 years (1980 to 2010). As there is no clear theoretical relationship between trade (exports) and inequality, and as inequality can be considered a proxy for 'governance...
Persistent link: https://www.econbiz.de/10010465444
-section distribution of average income per capita across countries is modelled both for the whole world, and then for the groups of open …
Persistent link: https://www.econbiz.de/10014054117
The paper shows that the relationship between GDP per capita and levels of specialization can be predicted differently depending on whether the intensive or the extensive margin is considered. It shows that at the extensive margin countries continuously diversify their exports and that...
Persistent link: https://www.econbiz.de/10013035961
Using data from patents, citations, inter-sectoral sales and customs, we examine the international diffusion of technology through imports of sectoral knowledge and production inputs. We construct measures of the flow of technology embodied in imports. These measures are weighted by...
Persistent link: https://www.econbiz.de/10014253761
skill-intensive sectors, the entire volume of world trade matters for wage inequality. This implies that trade integration … falling relative price of skill-intensive goods can be reconciled with the fast growth of world trade and that the … results and a quantitative assessment of the skill bias of world trade …
Persistent link: https://www.econbiz.de/10014117301
of world trade matters for wage inequality. Therefore, trade integration, even among identical countries, is likely to … be reconciled with the fast growth of world trade and that the intersectoral mobility of capital exacerbates the effect … skill bias of world trade …
Persistent link: https://www.econbiz.de/10014060842
differences in countries' factor endowments and total factor productivity (the Solow residual). While the former can be relatively … interpretation for differences in total factor productivity across countries and quantitatively explore the role of trade barriers in …
Persistent link: https://www.econbiz.de/10009781364
The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...
Persistent link: https://www.econbiz.de/10011305273