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Rodrik (2016) pointed out that late industrializing countries are experiencing a lower peak at lower income levels in the manufacturing employment share hump-shaped path. The present study develops a theoretical model to analyze the dynamics of industrialization and deindustrialization in...
Persistent link: https://www.econbiz.de/10014333588
investment using panel data techniques. Among other results, we confirm the high importance of tangible and intangible ICT … ICT investment, tackling the barriers to ICT adoption and broad-based digitalisation are critical for the EU in order to …
Persistent link: https://www.econbiz.de/10012232879
I investigate the effect of industries and countries position in global value chains on the transmission of final demand shocks and the cyclicality and volatility of trade. Relying on a production network model with propagation via procyclical inventory adjustment, I show how shocks can magnify...
Persistent link: https://www.econbiz.de/10012851363
This paper examines the association between participation in global value chains and financial globalisation measured by international net and capital flows. The results show that financial globalisation and the rise of global value chains are related but not two sides of the same coin. In fact,...
Persistent link: https://www.econbiz.de/10012584810
not provide sufficient credit for investment. National development banks play a key role in facilitating the economic …
Persistent link: https://www.econbiz.de/10012940029
upgrading. Foreign direct investment only partially helps to overcome this problem. Second, low trust in national currencies in … the Global South leads to distorted financial markets which do not provide sufficient credit for investment. As part of …
Persistent link: https://www.econbiz.de/10012231981
This paper studies the relationship between Asia’s economic engagements in Africa and individual African nations’ participation in global value chains (GVC) over the past two decades. We find that while overall exports from Africa to Asia are still highly concentrated in resource-intensive...
Persistent link: https://www.econbiz.de/10012233620
Direct Investment, non-tariff barriers and lack of banking channels. These restrictions are not only affecting the regional … conducted interviews of business community in Karachi and Peshawar regarding regional trade, investment and value chains … of lower trade and investment volume. Engaging in value chains is a way forward to promote trade flows and regional …
Persistent link: https://www.econbiz.de/10012828526
This paper examines the impact of terrorism on economic growth and capital formation using data for 152 countries from 1970 to 2003.During the past thirty-five years, the world has witnessed nearly twenty thousand terrorist incidents. The increasingly global scope of terrorism has raised...
Persistent link: https://www.econbiz.de/10014059225
depend on the relative investment intensity of the producer and the supplier so as to align investment incentives and …
Persistent link: https://www.econbiz.de/10012533967