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What is the role of transport improvements in globalization? We argue that the nineteenth century is the ideal testing ground for this question: freight rates fell on average by 50% while global trade increased 400% from 1870 to 1913. We estimate the first indices of bilateral freight rates for...
Persistent link: https://www.econbiz.de/10012771552
This paper integrates in a unified and tractable framework some of the key insights of the field of international trade and economic growth. It examines a sequence of theoretical models that share a common description of technology and preferences but differ on their assumptions about trade...
Persistent link: https://www.econbiz.de/10014023765
This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and … globalisation components, we find that the IGG-impeding net effect of the latter is rather striking. Third evidence from our … improve Africa’s economic architecture level, the envisaged IGG gains of economic globalisation might prove elusive …
Persistent link: https://www.econbiz.de/10014347989
This study examines the contingency and threshold effects of economic freedom in the economic globalisation (EG) and … globalisation components, we find that the IGG-impeding net effect of the latter is rather striking. Third evidence from our … improve Africa's economic architecture level, the envisaged IGG gains of economic globalisation might prove elusive. …
Persistent link: https://www.econbiz.de/10014292764
In his Annual Presidential Address to the Federal Assembly on 30 November 2016, Russian President Vladimir Putin underscored Russia's goal to catch up with the world average growth rates by 2019–2020. As a reminder, the IMF projects 3.7% for the average annual growth rate of the global economy...
Persistent link: https://www.econbiz.de/10012952697
The RF Ministry of Economic Development presented three scenarios in its socioeconomic development forecast for 2016, which envisaged that the GDP decline trajectory would hit its lowest point in 2015 (-3.9%), and the rate of GDP growth would be fluctuating somewhere between (-1.0) and 2.3% in...
Persistent link: https://www.econbiz.de/10013009638
The results of the estimates obtained using the Gaidar Institute method of decomposing Russia's GDP growth rates show that in 2015 all of the components of economic growth rates will make them negative. Furthermore, the current economic contraction is mostly of structural nature induced by the...
Persistent link: https://www.econbiz.de/10013012788
The results of the estimates made using a method developed by the Gaidar Institute for decomposing Russia's GDP growth rates show that economic contraction in 2015 is determined by structural causes, according to the two scenarios within an updated forecast of the Ministry of Economic...
Persistent link: https://www.econbiz.de/10013018130
The results of the estimates obtained using the Gaidar Institute method of decomposing Russia's GDP growth rates show that in 2015 all of the components of economic growth rates will make them negative. Furthermore, the current economic contraction is mostly of structural nature induced by the...
Persistent link: https://www.econbiz.de/10013023163
World trade growth rates have significantly slowed: in 2015, the volume of world trade went up by 2.8% and according to the WTO forecast will remain at the same level throughout 2016. As a result, the current year will be the fifth year in a row when the trade turnover will increase by less...
Persistent link: https://www.econbiz.de/10012986096