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This paper examines the relationship between trade (exports), growth, and inequality, using a panel of 100 countries … of trade (exports) on growth. The findings are that in general trade openness advances growth while inequality reduces … growth. However, when we identify an inequality threshold, we find that inequality is positively associated with growth if …
Persistent link: https://www.econbiz.de/10010465444
theory involving capital and labour without neo-classical assumptions. Interestingly the growth story of the model seems to … be observationally equivalent to the Solow (1956) model of steady state growth. It can easily and effectively reflect on … across the globe independent of trade patterns. It is likely to increase growth rate but that rate declines over time …
Persistent link: https://www.econbiz.de/10012312232
This paper explores the interconnections between the BRIC economies and the world economy by analyzing their key …-added fragments of the global value chains. In the long term, their economic growth might be constrained by technological capacity …
Persistent link: https://www.econbiz.de/10013097486
that nests both the Cobb-Douglas and the CES. Embedding the resultant production function in a neoclassical growth … and labor may exceed unity and thus yield endogenous growth …
Persistent link: https://www.econbiz.de/10012731549
in explaining growth gains from trade. Using sectoral level data from WORLD KLEMS Database on industrial productivity and …This paper revisits the relationship between international trade and economic growth. We measure trade openness indices … growth. Openness in terms of final consumer goods turns out to be insignificant in most specifications. We also estimate …
Persistent link: https://www.econbiz.de/10012120367
Persistent link: https://www.econbiz.de/10001675900
There is no empirical evidence that trade exposure per se increases child labour. As trade theory and household economics lead us to expect, the cross-country evidence seems to indicate that trade reduces or, at worst, has no significant effect on child labour. Consistently with the theory, a...
Persistent link: https://www.econbiz.de/10011410919
There is no empirical evidence that trade exposure per se increases child labour. As trade theory and household economics lead us to expect, the cross-country evidence seems to indicate that trade reduces or, at worst, has no significant effect on child labour. Consistently with the theory, a...
Persistent link: https://www.econbiz.de/10013320572
Does openness contribute to convergence of countries to the US income level? Our statistical and econometric analysis concludes for an affirmative answer. Using data for 150 countries for 1970-2012 we conclude almost all cases fell in three groups of countries that experienced a significant...
Persistent link: https://www.econbiz.de/10013053139
We document three facts about the global diffusion of surveillance AI technology, and in particular, the role played by China. First, China has a comparative advantage in this technology. It is substantially more likely to export surveillance AI than other countries, and particularly so as...
Persistent link: https://www.econbiz.de/10014372433