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Persistent link: https://www.econbiz.de/10010209124
There are two contrasting views of pre-19th century trade and globalization. First there are the world history scholars like Andre Gunder Frank who attach globalization ‘big bang' significance to the dates 1492 (Christopher Columbus stumbles on America in search of spices) and 1498 (Vasco da...
Persistent link: https://www.econbiz.de/10005661898
This paper investigates the relationship between cultural globalization and economic growthin case of Portuguese over the period of 1995-2008 uisng panel data. Our emoirical eivdence reveals that the initial GDP per capita is negatively correlated with economic growth. This paper shows that...
Persistent link: https://www.econbiz.de/10010599040
This paper describes seven salient features of trade integration in the 21st century: Trade integration has been more rapid than ever (hyperglobalization); it is dematerialized, with the growing importance of services trade; it is democratic, because openness has been embraced widely; it is...
Persistent link: https://www.econbiz.de/10011220574
globalization are decreasing, which suggest global integration and convergence of national economies to a global order. We also find …
Persistent link: https://www.econbiz.de/10011259939
Persistent link: https://www.econbiz.de/10008615318
This paper uses a transformation of the period-by-period index proposed by Cerqueira and Martins(2009), to overcome some of it shortcomings, in a non-parametric estimation to analyze how business cycle synchronization for a sample of 111 countries evolved in the period 1960-2007 . The...
Persistent link: https://www.econbiz.de/10008741267
Background: The paper examines the convergence of household expenditures, in terms of a possible usage of the … study the existence of consumption expenditure convergence in the EU-27 countries, in the period between 2000 and 2007 …. Methods/Approach: The analysis used the absolute β-convergence method, in order to investigate the existence of a negative …
Persistent link: https://www.econbiz.de/10010571468
This paper uses a transformation of the period-by-period index proposed by Cerqueira and Martins (<CitationRef CitationID="CR10">2009</CitationRef>), to overcome some of its shortcomings, in a non-parametric estimation to analyze how business cycle synchronization for a sample of 111 countries evolved in the period 1960–2007. The...</citationref>
Persistent link: https://www.econbiz.de/10010988299
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies … importance of the global factor. In other words, there is evidence of business cycle convergence within each of these two groups …
Persistent link: https://www.econbiz.de/10010298739