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Technological progress, globalization, and secular stagnation
Popović, Milenko - 2017
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward … stagnation in developed countries and consequently in the entire world economy. This ongoing prolonged stagnation can only be …
Persistent link: https://www.econbiz.de/10011789200
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Chapter 22. A Global View of Economic Growth
Ventura, Jaume - 2005
, 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/10014023765
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Who got what, then and now? : a fifty year overview from the Global Consumption and Income Project
Jayadev, Arjun; Lahoti, Rahul; Reddy, Sanjay - 2015 - This version: May 8, 2015
world and five decades, we present a portrait of the changing global distribution of consumption and income and discuss its … implications for our understanding of inequality, poverty, inclusivity of growth and development, world economic welfare, and the … the highest levels of inequality in the world, when measured using standardized surveys). The GCIP provides a resource for …
Persistent link: https://www.econbiz.de/10010516605
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A new index of globalization : measuring impacts of integration on economic growth and income inequality
Huh, Hyeon-seung; Park, Cyn-Young - 2019
The purpose of this study is twofold. The first is to develop a new composite index of globalization based on data on 158 economies over the period 2006−2014. The second intention is to use the new index to evaluate empirically the possible effects of globalization on economic growth and...
Persistent link: https://www.econbiz.de/10012030661
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The New Globalization Era and Digitalization Debate : An Economist's Perspective
Nwaobi, Godwin Chukwudum - 2003
During the post-world war II period, industrialization was an irresistible trend made global by the dynamics of … world. In fact, industrialization to date has been based on energy and it has been and continues to be based on fossil fuels …
Persistent link: https://www.econbiz.de/10014095480
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Aggregation, the skill premium, and the two-level production function
León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2011
We examine the two-level nested Constant Elasticity of Substitution production function where both capital and labor are disaggregated in two classes. We propose a normalized system estimation method to retrieve estimates of the inter- and intra-class elasticities of substitution and...
Persistent link: https://www.econbiz.de/10009380898
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Aggregation, the Skill Premium, and the Two-Level Production Function
Leon-Ledesma, Miguel A. - 2011
We examine the two-level nested Constant Elasticity of Substitution production function where both capital and labor are disaggregated in two classes. We propose a normalized system estimation method to retrieve estimates of the inter- and intra-class elasticities of substitution and factor...
Persistent link: https://www.econbiz.de/10013118952
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Globalisation, Growth and Inequality from an Emerging Economy Perspective
2019
crucial in determining the actual outcome. Technological innovation can have a positive effect on employment, but there is …
Persistent link: https://www.econbiz.de/10012893191
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Globalization, Convergence and Economic Growth : A Panel Data Analysis
Zohra, Allaoui - 2010
In this paper, we try to study globalisation between theories and facts by stressing the perverse effects of social, economic and political aspects. In other words we study the relation between globalisation and economic growth. Our empirical study is based on a panel model for an heterogeneous...
Persistent link: https://www.econbiz.de/10012759489
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Risk, Volatility, and the Global Cross-Section of Growth Rates
Tabova, Alexandra - 2010
We reconsider the empirical links between volatility and growth between 1970 and 2007. There is a strong and significant correlation between individual country growth rates and global factors that are arguably exogenous with respect to their economies. The amount of volatility driven by these...
Persistent link: https://www.econbiz.de/10013144444