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Testing the Bhaduri-Marglin model for the demand regime of Greece
Marsellou, Emilia G. - In: European journal of economics and economic policies : … 21 (2024) 3, pp. 370-395
This paper investigates the demand regime of the Greek economy for the period 1960-2017, using a Bhaduri/Marglin (1990) type macroeconomic demand-led model and applying the empirical methodology developed in Stockhammer et al. (2009). The analysis finds that Greece is another European economy...
Persistent link: https://www.econbiz.de/10015095343
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Long-Run Effects of Trade Wars
Baqaee, David; Malmberg, Hannes - National Bureau of Economic Research - 2025
wars on real wages and consumption. The reason is that trade wars increase the relative price between investment goods and …-run capital stock, and pushes down consumption and real wages compared to scenarios when capital is fixed. We illustrate this …, long-run consumption and wage responses are both larger and more negative. With capital adjustment, U.S. consumption can …
Persistent link: https://www.econbiz.de/10015398154
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Things are different when you open up: Economic openness, domestic economy, and income
Beja, Edsel - 2009
“Does economic openness increase income?” is retested using quantity measures of trade, finance, and domestic economic size, and the short answer is: “It de-pends”. The results show that Africa and the Americas lose from both trade and financial openness, while Asia gains from trade...
Persistent link: https://www.econbiz.de/10015215297
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Things are different when you open up: Economic openness, domestic economy, and income
Beja, Edsel Jr. - 2009
“Does economic openness increase income?” is retested using quantity measures of trade, finance, and domestic economic size, and the short answer is: “It de-pends”. The results show that Africa and the Americas lose from both trade and financial openness, while Asia gains from trade...
Persistent link: https://www.econbiz.de/10015217757
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Are financial benefits of financial globalization questionable until greater domestic financial development has taken place?
Simplice A, Asongu - 2012
Purpose – The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...
Persistent link: https://www.econbiz.de/10015231197
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Financial development dynamic thresholds of financial globalization: evidence from Africa
Simplice A, Asongu - 2012
Purpose – The issue of which financial initial conditions are necessary to materialize the benefits of financial globalization remains open to debate in the literature. In this paper, we try to put some empirical structure on the concept of financial threshold conditions in order to give...
Persistent link: https://www.econbiz.de/10015235649
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Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries
Kpodar, Roland Kangni; Le Goff, Maëlan; Singh, Raju Jan - 2018
This paper contributes to the literature by looking at the possible importance of the structure of the financial system—whether financial intermediation is performed through banks or markets—for macroeconomic volatility, against the backdrop of increased policy attention on strengthening...
Persistent link: https://www.econbiz.de/10014000905
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Does Foreign Direct Investment Promote Growth? Panel Data and Time Series Evidence from Less Developed Countries, 1970-2002
Sarkar, Prabirjit - 2007
The present study casts some doubt on the growth-promoting effect of foreign direct investment (FDI), which is widely supported by the proponents of financial globalization. The panel data analysis of 51 less developed countries shows a rising relationship between growth and FDI (relative to...
Persistent link: https://www.econbiz.de/10015239848
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Financial crisis, financial globalisation and financial development in Africa
Asongu, Simplice; Nnanna, Joseph - 2020
This study unites two streams of research by simultaneously focusing on the impact of financial globalisation on financial development and pre- and post-crisis dynamics of the investigated relationship. The empirical evidence is based on 53 African countries for the period 2004-2011 and...
Persistent link: https://www.econbiz.de/10015240340
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Financial globalisation dynamic thresholds for financial development: evidence from Africa
Asongu, Simplice; De Moor, Lieven - 2015
Purpose - We investigate if financial development benefits from financial globalisation are questionable until certain thresholds of financial globalisation are attained. Design/methodology/approach - Financial globalisation is proxied with Net Foreign Direct Investment Inflows as a percentage...
Persistent link: https://www.econbiz.de/10015250219