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a new paradigm of domestic demand-led growth. Globalization has so diversified global economic activity that no country …
Persistent link: https://www.econbiz.de/10013122315
Oil is the world‘s biggest and most pervasive business, the greatest of the great industries that arose in the last decades of the nineteenth century.These words of Daniel Yergin in his book, The Prize (1991), which chronicles the development of the world‘s oil industry, highlight the...
Persistent link: https://www.econbiz.de/10013112611
which globalization should influence the personal distribution of market and disposable incomes as well as redistribution. I … employ panel data covering 28 OECD countries between 1960 and 2010 to analyze the impact of globalization on a set of labor … industrialized countries. Rather, the globalization-induced rise in income dispersion through greater factor price differences is …
Persistent link: https://www.econbiz.de/10010354569
We analyze the effects of international integration of product and capital markets (i.e., globalisation) in a world where countries differ in their labour market institutions: one country has a perfectly competitive labour market while the other is unionized. We show that workers should favour...
Persistent link: https://www.econbiz.de/10012730089
One strand of the industrial organization literature argues that outlays on sunk costs are endogenous in market expansion, implying an adaptive adjustment by firms to preserve their market share. A different view is taken in the literature on firms' internationalization. Here it is argued that...
Persistent link: https://www.econbiz.de/10012953221
Today regions are becoming independent actors able to compete globally as globalization of competition is consistent …
Persistent link: https://www.econbiz.de/10013020310
We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign asset positions. We estimate this gravity equation...
Persistent link: https://www.econbiz.de/10012514947
This paper deals with fragmentation both theoretically and empirically. Not only it presents a picture of the existing literature on the field but it also provides some basic hints for future investigation. It pays particular attention to the possible theoretical dichotomy between fragmentation...
Persistent link: https://www.econbiz.de/10013146228
This paper is the first to provide both theoretical and empirical evidence of farmlandglobalization whereby international investors directly acquire large tracts of agricultural landin other countries. A theoretical framework explains the geography of farmland acquisitionsas a function of...
Persistent link: https://www.econbiz.de/10012913915
A salient feature of the current globalization is a loss of manufacturing in developed countries and rapid … concentration) in the early stage of globalization, but loses manufacturing in the later stage of globalization. When losing …
Persistent link: https://www.econbiz.de/10012965446