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This paper investigates the effect of firm-level investment on the levels of income inequality and poverty. Using a …-level investment is also negatively related to several measures of poverty. Overall, our results indicate that firm-level capital … reducing inequality and poverty. Our results may also be beneficial to policy makers as they consider a variety of regulatory …
Persistent link: https://www.econbiz.de/10013433227
Despite extensive research, the estimates of changes in employment are heter-ogeneous in different conditions of … employment elasticity compared to its values in economies with a stable development trend. Based on this, we formulate the …
Persistent link: https://www.econbiz.de/10012651347
investment (FDI) on cross-country differences in productivity. We construct a spatial Gini coefficient of labor productivity … across countries, and weighted indices of FDI and gross domestic investment (GDI). We then examine their time series … properties to explore the relations of FDI and GDI with productivity. Although we find little evidence of FDI flows - which have …
Persistent link: https://www.econbiz.de/10012723175
integration and their impact on trade, growth and poverty in the world's two dominant developing countries in emerging markets …
Persistent link: https://www.econbiz.de/10013024717
. The results of our multivariate time series analysis also suggest that FDI increases productivity differences among low … of trade appears to be important for attracting FDI to middle income countries. Furthermore, a reduction in productivity … differences and a higher FDI growth lead to higher growth of trade in developed countries …
Persistent link: https://www.econbiz.de/10014153895
This inquiry was inspired by the quest to examine the interaction effects of economic globalization and governance on the performance of the Nigerian economy from 1996 to 2021. The study employed the modern Autoregressive Distributed Lag Model (ARDL) approach to analyze the annual time-series...
Persistent link: https://www.econbiz.de/10014445959
Using long time series for sovereign bond markets of fifteen industrialized economies from 1875 to 2009, I find that financial market integration by the end of the 20th century was higher than in earlier periods and exhibited a J-shaped trend with a trough in the 1920s. The main reason for the...
Persistent link: https://www.econbiz.de/10011382994
The establishment of a Capital Markets Union (CMU) is a high-priority project of the European Commission. CMU should foster additional non-bank sources of finance, mobilize private savings more efficiently and enhance capital market integration. Although more integration is needed, the...
Persistent link: https://www.econbiz.de/10011292921
Conventional wisdom suggests that financial liberalization can help countries insure against idiosyncratic risk. There is little evidence, however, that countries have increased risk sharing despite recent widespread financial liberalization. This work shows that the key to understanding this...
Persistent link: https://www.econbiz.de/10013153048
As a response to multiple financial shocks, international standards have disappointed. Consensus-seeking has stifled innovation, perpetuating outdated regulatory concepts at a time of rapid market change. Different forces are at work now. Markets are complex and idiosyncratic; they may not be...
Persistent link: https://www.econbiz.de/10012910271