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Globalization, the volatility of intermediate goods prices, and economic growth

Steger, Thomas M.; Bretschger, Lucas - 2005 - This version: December 2005

We set up a dynamic stochastic model of a stylized economy comprising a final output sector (with traditional and modern firms) and an intermediate goods sector. It is shown that market integration reduces the volatility of the rate of return of capital invested in modern firms. The induced...

Persistent link: https://www.econbiz.de/10011793622

Trade openness and growth : a network-based approach

Duernecker, Georg; Meyer, Moritz; Vega-Redondo, Fernando - 2021

In this paper, we propose a novel approach to the study of international trade that leads to a measure of country openness that is quite different from the various alternatives proposed by the received literature. In contrast to these, our measure does not use indicators of aggregate trade...

Persistent link: https://www.econbiz.de/10012625802

The impact of innovation on economic growth, foreign direct investment, and self-employment : a global perspective

Dempere, Juan; Qamar, Muhammad Ali Jibran; Allam, Hesham; … - In: Economies : open access journal 11 (2023) 7, pp. 1-22

This paper aims to investigate the impact of innovation on three macroeconomic indicators: GDP, self-employment, and foreign direct investment (FDI). The study analyses a sample of 120 countries using the Global Innovation Index (GII) and its constituent sub-indices and pillars, which provide a...

Persistent link: https://www.econbiz.de/10014321414

Globalization and income inequality revisited

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2018

This paper re-examines the link between globalization and income inequality. We use data for 140 countries over the … period 1970-2014 and employ an IV approach to deal with the endogeneity of globalization measures. We find that the link … between globalization and income inequality differs across different groups of countries. There is a robust positive …

Persistent link: https://www.econbiz.de/10011789164

Trade openness and income inequality : new empirical evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - In: Economic inquiry 60 (2022) 1, pp. 202-223

Persistent link: https://www.econbiz.de/10012796487

Trade openness and income inequality : new empirical evidence

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

We examine how trade openness influences income inequality within countries. The sample includes 139 countries over the period 1970-2014. We employ predicted openness as instrument to deal with the endogeneity of trade openness. The effect of trade openness on income inequality differs across...

Persistent link: https://www.econbiz.de/10012599018