Showing 1 - 10 of 439
The global financial crisis of summer 2008 rocked markets throughout the world. Evidence of its impact on the urban working poor is only just emerging but is likely to be profound. The paper challenges the accepted argument that globalization and economic growth is good for poverty reduction,...
Persistent link: https://www.econbiz.de/10009434701
Based on a letter book of the London Baltic merchant Michael Mitford dating 1703-1707 this paper argues that the ability of merchant networks to secure property rights in long distance trade must be re-evaluated. Contrary to the argument of the New Institutional Economists, these were not...
Persistent link: https://www.econbiz.de/10009439447
When taking into account time, services can experience similar productivity gains as manufacturing. Motion pictures constituted the first technology that industrialized a labour-intensive service. Measuring output in time spent consuming them doubles output growth from 4.2 to as much as 9...
Persistent link: https://www.econbiz.de/10009439448
This paper revisits Bairoch’s hypothesis that in the late 19th century tariffs were positively associated with growth, as recently confirmed by a new generation of quantitative studies (see O`Rourke (2000), Jacks (2006) and Clemens-Williamson (2002, 2004)). This paper highlights the importance...
Persistent link: https://www.econbiz.de/10009439449
This paper analyzes the relationship between macroeconomic factors and the income distribution using data on equivalized disposable household income from the United Kingdom for 1961–99. We argue in favour of fitting a parametric functional form to the income distribution for each year, and...
Persistent link: https://www.econbiz.de/10009439450
Immediately after 1997 the Asian economies were viewed to be catastrophes of financial excess, corporate and political misgovernance, and diminishing returns to over-investment. But they are now freshly restored as the world’s economic powerhouses, just as before the 1997 financial crises they...
Persistent link: https://www.econbiz.de/10009439456
A conference titled 'Forecasting in Rio' was held at the Graduate School of Economics of Getulio Vargas Foundation, Rio de Janeiro, Brazil, in July 2008 to focus on most recent developments in forecasting. One of the papers presented during the conference was titled, 'Predictability of Stock...
Persistent link: https://www.econbiz.de/10009439476
The main motivation for regional cooperation in the Western Balkans is provided by the EU, formulating it as conditional for the countries’ EU accession aspirations. Economically, this claim includes the establishment of regional free trade agreements (RTAs) whose direct economic effects are...
Persistent link: https://www.econbiz.de/10009439486
Tanzania began serious efforts at reform more than twenty years ago, but the payoff to these – in macroeconomic stability, increased revenue and a rising revenue share – only gathered pace in the last decade. It is vital that the impact on these achievements of the global economic and...
Persistent link: https://www.econbiz.de/10009439500
The use of U.S dollar as unit of account, medium of exchange and store of value in Tanzania has raised concerns among policy makers and the general public. This paper attempts to shed some light on the key stylized facts of dollarization in Tanzania and the EAC region. We show that compared to...
Persistent link: https://www.econbiz.de/10009439501