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domination. Second, the main institutions of contemporary globalization, such as the WTO, the IMF, the World Bank, etc., are …
Persistent link: https://www.econbiz.de/10012992167
The production of most goods and services is nowadays vertically fragmented across different countries, as global value chains (GVCs) emerged as the current paradigm for the international organisation of production. This paper surveys part of the growing empirical literature on GVCs, starting by...
Persistent link: https://www.econbiz.de/10013045551
pension funds have become the world's leading financial investors.Tellingly, Trudeau has traveled repeatedly to Beijing …
Persistent link: https://www.econbiz.de/10012917871
innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … illustrates that, statically, globalization (defined as reduced trade barriers) has ambiguous effects on welfare, while …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …
Persistent link: https://www.econbiz.de/10012920544
We provide novel systematic cross-country evidence that the link between domestic labour markets and CPI inflation has weakened considerably in advanced economies during recent decades. The central estimate is that the short-run pass-through from domestic labour cost changes to core CPI...
Persistent link: https://www.econbiz.de/10012612957
globalization seen in modern times: the so-called "Belle Époque globalization" (1870-1914) and the recent "hyper globalization …" (1970-2008).The second part ("Towards a different globalization") is devoted to the analysis of the four main trends that … are currently transforming globalization towards a different model: A Slowdown in pace Increasing regionalization …
Persistent link: https://www.econbiz.de/10013221072
-ers on a daily basis. This globalization of antitrust is becoming increasingly important to the economic welfare of many …
Persistent link: https://www.econbiz.de/10013222278
which increased the world GDP per capita six-fold between 1900 and 2000. The COVID-19 pandemic has demonstrated how …
Persistent link: https://www.econbiz.de/10013222299
The paper analyses the interindustry spillover effects of bilateral trade conflicts using the example of the 2018-2019 China-USA bilateral trade war. Empirical results are produced using a new heuristic method based on hypothetical extraction and substitution in an International Input-Output...
Persistent link: https://www.econbiz.de/10013225458
This paper investigates the drivers of global trade at the six-digit product level. The identification is achieved first by estimating the log-linear product-level bilateral trade implications of a model and second by aggregating the fitted estimation results across bilateral countries using...
Persistent link: https://www.econbiz.de/10013242611