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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
The worldwide trend towards privatisation, liberalisation and globalisation has produced substantial economic benefits. Nevertheless, liberalisation has had its shortcomings and there are potential threats to further progress, including in particular an anti-liberalisation backlash. Continuing...
Persistent link: https://www.econbiz.de/10014026087
largest for lower-skilled individuals. We show that domestic manufacturing employment declined much more in countries that saw … with China contributed to job loss in manufacturing, but also to substantial declines in consumer prices. However, while …
Persistent link: https://www.econbiz.de/10012745407
While the renegotiation of the North American Free Trade Agreement has received far more attention, a lesser-known U.S. trade deal has also been reworked. In April of 2017, President Trump proclaimed his displeasure with the Korea-U.S. Free Trade Agreement (commonly referred to as “KORUS”),...
Persistent link: https://www.econbiz.de/10014102809
Persistent link: https://www.econbiz.de/10013070063
We examine the impact of the last five decades of financial globalization on world GDP and income distribution, using a … pattern Unbalanced Financial Globalization. We then simulate a counterfactual trajectory of the world economy where the RKO … wedges are fixed at their pre-globalization levels. We find that unbalanced financial globalization led to a worsening of …
Persistent link: https://www.econbiz.de/10014340224
. There are some indications of globalization in retreat, international trade growth slowing down and a transition from … various trends around global economic integration and pushing towards de-globalization is extremely difficult. This paper aims …
Persistent link: https://www.econbiz.de/10014496726
We study the effect of trade liberalization and intellectual property rights (IPR) protection on the unemployment rate of migrants relative to non-migrants. We build a North-South trade and growth model with a positive steady state rate of migration. We find that bilateral trade liberalization...
Persistent link: https://www.econbiz.de/10012596968
We examine the differential impact of portfolio debt, portfolio equity, and FDI inflows on 37 manufacturing industries … cross-sectional regressions of manufacturing industries' growth rates covering 17 years. Net portfolio debt inflows are … manufacturing sector. For instance, the inflow surge during the financial liberalization period, 1993-1994, is associated with a …
Persistent link: https://www.econbiz.de/10010287774
FDI data across different industries, the paper finds significant effects of FDI inflows in manufacturing on growth … further investigation of the specific subsectors (NACE 2-letter classification) within manufacturing, and the empirical … investigation finds that not all FDI inflows within manufacturing enhance economic growth. …
Persistent link: https://www.econbiz.de/10014246483