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Thomas Friedman has argued in The World is Flat that those who deny rapid globalization will not survive in the global economy. First, we critically discuss Friedman's views and highlight the new globalization driven by outsourcing and vertical specialization. Second, we argue that Friedman pays...
Persistent link: https://www.econbiz.de/10013316592
We investigate the impact of the Golden Quadrilateral (GQ) highway project on the Indian organized manufacturing sector using enterprise data. The GQ project upgraded the quality and width of 5,846 km of roads in India. We use a difference-in-difference estimation strategy to compare non-nodal...
Persistent link: https://www.econbiz.de/10014039865
This paper examines the effect of capital subsidies after great disasters on the recovery of small and medium-sized enterprises (SMEs) using propensity score matching estimations. The estimates show that capital subsidies were effective for the recovery of the performance of SMEs in the retail...
Persistent link: https://www.econbiz.de/10012118303
This study examines why monetary policy at the national level can have vastly different effects on appreciation rates of single family houses across metropolitan statistical areas (MSAs). The study employs Case/Shiller monthly house price index data for 19 MSAs from 1992:06 to 2014:12 and FHFA...
Persistent link: https://www.econbiz.de/10013001158
This paper estimates the impact of the COVID-19 pandemic-induced recession on Korea's regional economies. It finds that the recession has hit the island province of Jeju and the cities of Incheon and Ulsan the hardest, in that order. For Jeju in particular, it was estimated that the province’s...
Persistent link: https://www.econbiz.de/10014262544
This paper studies the economic costs of conflicts at the country and ethnic group settlement level with light output data as measured by orbital satellites and conflict data spatially mapped to latitude and longitude coordinates. Using a worldwide dataset of 7,704 individual ethnic group...
Persistent link: https://www.econbiz.de/10010532572
The effects of social transfers on growth are still unclear. The limitations of aggregated data at sub-national levels have confined the analysis to the use of simulation models and household surveys. As an alternative, this paper contributes to the empirical literature by assessing the effects...
Persistent link: https://www.econbiz.de/10010357952
This paper studies the economic costs of conflicts at the country and ethnic group settlement level with light output data as measured by orbital satellites and conflict data spatially mapped to latitude and longitude coordinates. Using a worldwide data set of 7,704 individual ethnic group...
Persistent link: https://www.econbiz.de/10013021755
We examine the impact of geo-referenced World Bank development programs on subnational development using equally sized grid cells with a spatial resolution of 0.5 decimal degrees latitude x longitude as the unit of investigation. The proposed grid cell approach solves a number of endogeneity...
Persistent link: https://www.econbiz.de/10011796164
We develop a monetary open economy model characterized by a highly detailed labor market structure and fiscal sector … of two labor market targeted fiscal policies, a hiring subsidy and a wage subsidy for new hires of labor, and compare …, except Greece, the labor market policies are not superior to standard fiscal expansions in stimulating economic activity, and …
Persistent link: https://www.econbiz.de/10013057087