Showing 1 - 10 of 120
We construct a new global commodity-level export dataset to analyze the persistence of export patterns as proxies of productive capabilities across the first and the current waves of globalization. We find that productive capabilities are path-dependent and historical capabilities are powerful...
Persistent link: https://www.econbiz.de/10013467131
The world is witnessing growing turbulence stemming from geopolitics and a tangible threat of economic disintegration. There are some indications of globalization in retreat, international trade growth slowing down and a transition from optimizing efficiency of global value chains towards...
Persistent link: https://www.econbiz.de/10014506950
This paper examines the reasons for the declining path of inflation since the 1970s. In particular, it focusses on the role of globalization - covering both changes in the global market structure and technical and structural developments in trade and production. In addition, the paper deals with...
Persistent link: https://www.econbiz.de/10014551656
Die Förderung internationaler wissenschaftlicher Kooperationen galt jahrelang als Königsweg der Forschungspolitik. Der russischen Angriffskrieg und die daraus einsetzende globale Polarisierung hat zweifelsohne die Notwendigkeit verstärkt, Interessenskonflikte und die Verletzung ethischer...
Persistent link: https://www.econbiz.de/10015046221
Is inflation (still) a global phenomenon? We study the international co-movement of inflation based on a dynamic factor model and in a sample spanning up to 56 countries during the 1960-2023 period. Over the entire period, a first global factor explains approximately 58% of the variation in...
Persistent link: https://www.econbiz.de/10015047278
We examine how globalization affects trade patterns and welfare when conflict prevails domestically. We do so in a simple model of trade, in which a natural resource like oil is contested by competing groups using real resources (?guns?). Thus, conflict is viewed as ultimately stemming from...
Persistent link: https://www.econbiz.de/10010261309
Persistent link: https://www.econbiz.de/10010263564
Economic emergence of the People's Republic of China (PRC) and India has fundamentally altered the economic landscape of Asia and its relation to the global economy. Using the new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate...
Persistent link: https://www.econbiz.de/10010273490
Greater international economic interconnectedness over recent decades has been changing inflation dynamics. This paper presents evidence that the expansion of global value chains (GVCs), ie cross-border trade in intermediate goods and services, is an important channel through which global...
Persistent link: https://www.econbiz.de/10011657108
We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset that combines information on PPI and exchange rates with international and domestic input-output...
Persistent link: https://www.econbiz.de/10011657116