the weight of U.S. liabilities in the rest of the world''s stock of external assets. Finally, it relates the empirical …

benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …-country inequality: the standard deviation of log capital per employee is 80% higher than it would be in a world without barriers to …

, other Asian economies, and Germany's export-led growth. However, as the world oil production approaches the peak, the … imbalance has reached an unprecedented level and the world economy becomes more globalized, the global imbalance will become a …

results based on a dynamic general equilibrium model of the world economy, and using the EU KLEMS database, indicate that TFP …