127 advanced and developing countries. We provide evidence that this is a result of an increase in financial globalization … (stock of external assets and liabilities). This dominates the effect of an increase in trade globalization (exports plus … shocks we show that the theoretical impact of financial and trade globalization on the correlation between capital inflows …

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 …

and developing countries. We provide evidence that this is a result of an increase in financial globalization (stock of … external assets and liabilities). This dominates the effect of an increase in trade globalization (exports plus imports), which … that the theoretical impact of financial and trade globalization on the correlation between capital inflows and outflows is …

technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …-enhancing potential. -- migration ; international trade ; capital movements ; capital formation ; globalization …

technology, globalization tends to lead to convergence. Moreover, under non-convex technology trade and migration tend to be …

Over the past decade, geopolitical developments - and the policy responses to these by major economies around the world …