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The Relationship between Globalization, Economic Growth and Income Inequality
Heshmati, Almas; Lee, Sangchoon - Technology Management, Economics and Policy Program … - 2010
index based on economic growth. In addition two other indices of globalization, non-parametric Kearney and parametric … principal component analysis are used as benchmarks to compare the results. The proposed new index is decomposed into four sub … components. The index is also estimated in several forms separated by different economic growth variables and in decomposed or …
Persistent link: https://www.econbiz.de/10008511384
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Co-movements of Shanghai and New York stock prices by time-varying regressions
Chow, Gregory C.; Liu, Changjiang; Niu, Linlin - In: Journal of Comparative Economics 39 (2011) 4, pp. 577-583
We use time-varying regression to model the relationship between returns in the Shanghai and New York stock markets, with possible inclusion of lagged returns. The parameters of the regressions reveal that the effect of current stock return of New York on Shanghai steadily increases after the...
Persistent link: https://www.econbiz.de/10010575691
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Co-movements of Shanghai and New York Stock Prices by Time-varying Regressions
Chow, Gregory C; Liu, Changjiang; Niu, Linlin - 2013
We use time-varying regression to model the relationship between returns in the Shanghai and New York stock markets, with possible inclusion of lagged returns. The parameters of the regressions reveal that the effect of current stock return of New York on Shanghai steadily increases after the...
Persistent link: https://www.econbiz.de/10011132895
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Hong Kong: A Bridge Connecting Mainland China and the International Market
CHEN, Zhenxi; KIVIET, Jan F.; Huang, Weihong - Division of Economics, Nanyang Technological University - 2014
Chow et al. (2011) apply three time-varying parameter methods to investigate the relationship between the stock markets of Shanghai and New York and find that the mutual influence between the two markets has increased since 2002. We reconsider their approaches and find that two suffer from...
Persistent link: https://www.econbiz.de/10011165569
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The Impact of International Trade on Wage Inequality in Argentina (1998-2006)
Fernández Macor, Claudio - 2016
Wage inequality in Argentina has substantially changed in the last decade. During this period there were also significant changes in the macroeconomic and trade policy. This paper studies the impact of the international trade changes on the wage structure of Argentina between 1998 and 2006....
Persistent link: https://www.econbiz.de/10013008828
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A global analysis of income distribution and capacity utilization interactions : the structuralist view
Vechsuruck, Tanadej - 2017
The demand and distributive regimes are estimated from 62 countries around the world based on the Structuralist Goodwin model. The distributive regime appears to be Marxian/profit-squeeze and the demand exhibits a weekly profit-led regime. The profitled demand regime and the profit-squeeze...
Persistent link: https://www.econbiz.de/10011756021
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Profit maximizing goes global : the race to the bottom
Kiefer, David M.; Rada, Codrina - 2013
We explore four decades of cyclical and long-run dynamics in income distribution and economic activity for a panel of thirteen OECD countries, as measured by the wage share and the output gap. When modeled as a Goodwin model, our results suggest that economic activity is weakly profit-led and...
Persistent link: https://www.econbiz.de/10009714503
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Inflation, Union Power and Globalization on Unemployment : An Empirical Analysis with Panel Data (1999-2005)
Georgiou, Miltiades N. - 2014
In the present paper an effort will be made to test empirically that unemployment is negatively affected by inflation, positively affected by labour union power, and not affected by globalization. Panel data analysis is used covering the period 1999-2005 for the countries: Austria, Belgium,...
Persistent link: https://www.econbiz.de/10014188851
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Global multisector/multicountry 3 - e modelling : from COMPASS to GI FORS
Meyer, Bernd; Lutz, Christian; Wolter, Marc Ingo - 2003
The global dimension of environmental policy, which has become a subject of international policy with the concrete discussion of targets and instruments, constitutes a huge information gap for environmental policy. The authors postulate, that this can only be filled by the application of global...
Persistent link: https://www.econbiz.de/10010346886
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A global race to the bottom : the neo-Goodwinian aggregative-systems estimation of income distribution and capacity utilization interactions
Vechsuruck, Tanadej - In: PSL quarterly review 77 (2024) 308, pp. 59-87
The neoliberal reforms since the 1980s have resulted in rapid globalization paralleled by worsening income distribution. In this paper, I first show that most countries worldwide (58 of 81) have experienced a decline in the labor share of income, or the wage share, during 1950-2019. Second, I...
Persistent link: https://www.econbiz.de/10014550882