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Patterns of rent-extraction and deployment in developing countries: Implications for governance, economic policy and performance

Auty, Richard M. - 2006

Rents tend to be relatively high in developing countries and also very fungible, so that differences in the scale of the rent and in its distribution among economic agents profoundly affect the nature of the political state and the development trajectory. This paper identifies two basic...

Persistent link: https://www.econbiz.de/10010284763

Global inequality: Recent evidence and trends

Chotikapanich, Duangkamon; Prasada Rao, D. S.; … - 2007

recent country level data on income distribution drawn from World Bank and UNU-WIDER studies for the period 1993-2000. The …

Persistent link: https://www.econbiz.de/10010284787

The relationship between income inequality, poverty, and globalization

Heshmati, Almas - 2005

This paper introduces two composite indices of globalization. The first is based on the Kearney/Foreign Policy magazine and the second is obtained from principal component analysis. They indicate the level of globalization and show how globalization has developed over time for different...

Persistent link: https://www.econbiz.de/10010284828

Estimating the level and distribution of global household wealth

Davies, James B.; Sandström, Susanna; Shorrocks, Anthony; … - 2007

wealth for 20 countries, accounting for 59 per cent of the world’s population and, we estimate, 84 per cent of its wealth are …

Persistent link: https://www.econbiz.de/10010284881

Intergenerational effects in the diffusion of new technology: The case of mobile phones

Liikanen, Jukka; Stoneman, Paul; Toivanen, Otto - 2002

Many new technologies exhibit clear generational changes. The empirical literature on technology diffusion traditionally analyses the spread of new technologies generically. We use data from the mobile phone industry, where first-generation (1G) and second-generation technologies (2G) can be...

Persistent link: https://www.econbiz.de/10010285257

Competing through cooperation: Standard setting in wireless telecommunications

Leiponen, Aija - 2006

This study examines cooperative standard-setting in wireless telecommunications. Focusing on the competition among firms to influence formal standardization, the roles of standardsetting committees, private alliances, and technical consortia are highlighted. The empirical context is Third...

Persistent link: https://www.econbiz.de/10010285285

Will the euro eventually surpass the dollar as leading international reserve currency?

Chinn, Menzie; Frankel, Jeffrey - 2006

the world's central banks. Significant factors include: size of the home country, inflation rate (or lagged depreciation …, and then use them to forecast the EMU era. The equation correctly predicts a (small) narrowing in the gap between the … dollar and euro over the period 1999-2004. Whether the euro might in the future rival or surpass the dollar as the world …

Persistent link: https://www.econbiz.de/10010285296

The macroeconomic consequences of disasters

Noy, Ilan - 2007

Natural disasters have a statistically observable adverse impact on the macro-economy in the short-run. Not surprisingly, costlier events cause more pronounced slowdowns in production. Yet, interestingly, developing countries, and smaller economies, face much larger output declines following a...

Persistent link: https://www.econbiz.de/10010285298

Sovereign wealth funds: Stylized facts about their determinants and governance

Aizenman, Joshua; Glick, Reuven - 2008

This paper presents statistical analysis supporting stylized facts about sovereign wealth funds (SWFs). It discusses the forces leading to the growth of SWFs, including the role of fuel exports and ongoing current account surpluses, and large hoarding of international reserves. It analyzes the...

Persistent link: https://www.econbiz.de/10010285299

Current account patterns and national real estate markets

Aizenman, Joshua; Jinjarak, Yothin - 2008

This paper studies the association between the current account and real estate valuation across countries, subject to data availability [43 countries, of which 25 are OECD], during 1990 - 2005. We find robust and strong positive association between current account deficits and the appreciation...

Persistent link: https://www.econbiz.de/10010285300