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Europe from 1980-2000 in the framework of one empirical model. The spatial autoregressive regression model is estimated using …
Persistent link: https://www.econbiz.de/10013068833
Napoleonic Wars and before first globalization c. 1870 - 1913 has long been recognised. Merchant-bankers in particular played a … trade operations could not have taken place. Despite the important extant literature on merchant-banking, we knew little …
Persistent link: https://www.econbiz.de/10011392604
Napoleonic Wars and before first globalization c. 1870-1913 has long been recognised. Merchant-bankers in particular played a … trade operations could not have taken place. Despite the important extant literature on merchant-banking, we knew little … particular for merchant- bankers who had diversified both geographically and by products. This paper is concerned with the risk …
Persistent link: https://www.econbiz.de/10013010994
The paper presents trade policy as in line with that of other continental European powers, with a move to moderate levels of tariff protection for politically sensitive sectors such as steel and textiles and clothing, but also in agriculture, with levels of protection falling slightly before the...
Persistent link: https://www.econbiz.de/10014159592
This article leverages uniquely abundant town-level data to examine spatial inequality in prices and wages during the First Globalisation. I build a new dataset on prices of traded and household goods, and wages of skilled and unskilled workers for a panel of 42 towns in Serbia, in the period...
Persistent link: https://www.econbiz.de/10014338639
On average, the poor European periphery converged on the rich industrial core in the four or five decades prior to World War I. Some, like the three Scandinavian economies, used industrialization to achieve a spectacular convergence on the leaders, especially in real wages and living standards....
Persistent link: https://www.econbiz.de/10005124320
This paper sets up a two-period, two-sector trade model of a developing country which is abundant in a natural resource but scarce in industrial goods. It shows that lower future travel costs, rising demand for tourism and higher preferences for the environment slow down today’s depletion of...
Persistent link: https://www.econbiz.de/10010531348
Climate policy pledges and negotiations involve commitments about the reduction of emissions within national borders. However, the rise of global value chains has changed the nature of production and international trade, blurring the attribution of ultimate responsibility for emissions. This...
Persistent link: https://www.econbiz.de/10011346273
One of the greatest concerns over globalisation is its impact on the environment. This paper contributes to this debate by analysing the consequences of becoming an exporter on a firm's energy consumption. We show both theoretically and empirically that for low fuel intensity firms exporting...
Persistent link: https://www.econbiz.de/10009726083
Globalization - viewed as a process of economic integration that embraces governance as well as markets - could lead to worldwide convergence toward higher or lower environmental quality, or to environmental polarization in which the 'greening' of the global North is accompanied by the...
Persistent link: https://www.econbiz.de/10011527046