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Globalisation and the Macroeconomic Policy Environment
Hervé, Karine; Koske, Isabell; Pain, Nigel; Sédillot, … - 2007
This paper investigates the macroeconomic policy challenges associated with a prospective continuation of international trade and financial integration over the next two decades, making use of a global macroeconomic model newly developed by the OECD. The analysis has several important policy...
Persistent link: https://www.econbiz.de/10012446047
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Wie viel Globalisierung verträgt die Welt?
Sinn, Hans-Werner; Rauscher, Michael; Bartel, Rainer - In: Ifo-Schnelldienst 55 (2002) 24, pp. 3-16
Märkte noch nicht weit genug, für die anderen führt die Globalisierung zur weiteren ungleichen Entwicklung der …Der Begriff der Globalisierung beherrscht seit Jahren die öffentliche Debatte. Für die einen geht die Öffnung der … in seinem Beitrag die ökonomischen Kräfte auf, die durch den Prozess der Globalisierung freigesetzt werden. Nach Meinung …
Persistent link: https://www.econbiz.de/10001724658
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A Domino Theory of Regionalism
Baldwin, Richard - National Bureau of Economic Research (NBER) - 1993
Regional liberalization sweeps the globe like wildfire while multilateral nude talks proceed at a glacial pace. Why are countries eager to liberalize regionally but reluctant to do so multilaterally? The answer of the GATT-is-dead school is that multilateralism is too cumbersome for contemporary...
Persistent link: https://www.econbiz.de/10005829270
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The fog of OECD and Non-OECD country efficiency:a data envelopment analysis approach
Hsu, Maxwell; Luo, Xueming; Chao, Gary H. - In: Journal of Developing Areas 42 (2008) 1, pp. 81-93
Focusing on three input variables (i.e., government efficiency, business efficiency, and infrastructure advancement) and one output variable (i.e., economic performance), we employ the Data Envelopment Analysis (DEA) technique in an attempt to make an efficiency comparison between the developed...
Persistent link: https://www.econbiz.de/10011213119
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Education expenditure and economic growth:some empirical evidence from the GCC countries
Al-Yousif, Yousif Khalifa - In: Journal of Developing Areas 42 (2008) 1, pp. 69-80
This paper examines the nature and direction of the relationship between education expenditure as a proxy for human capital and economic growth in the six GCC economies using time-series data for the period 1977-2004. The analysis employs a Granger-causality test within an error-correction...
Persistent link: https://www.econbiz.de/10011213135
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Is Protectionism on the Rise? Assessing National Trade Policies during the Crisis of 2008
Kee, Hiau Looi; Neagu, Cristina; Nicita, Alessandro - In: The Review of Economics and Statistics 95 (2013) 1, pp. 342-346
This paper quantifies trade policy changes and the associated trade impacts for about 100 countries between 2008 and 2009. Results show that there has been no widespread increase in protectionism. Only a few countries, including Russia, Argentina, Turkey, and China, have increased tariffs on...
Persistent link: https://www.econbiz.de/10011009894
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Trade Crisis? What Trade Crisis?
Behrens, Kristian; Corcos, Gregory; Mion, Giordano - In: The Review of Economics and Statistics 95 (2013) 2, pp. 702-709
We investigate the 2008–2009 trade collapse using microdata from a small open economy, Belgium. Belgian exports and imports mostly fell because of smaller quantities sold and unit prices charged rather than fewer firms, trading partners, and products being involved in trade. Our...
Persistent link: https://www.econbiz.de/10011010052
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Political Limits to Globalization
Acemoglu, Daron; Yared, Pierre - National Bureau of Economic Research (NBER) - 2010
Despite the major advances in information technology that have shaped the recent wave of globalization, openness to trade is still a political choice, and trade policy can change with shifts in domestic political equilibria. This paper suggests that a particular threat and a limiting factor to...
Persistent link: https://www.econbiz.de/10008614665
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Parametric Estimations of the World Distribution of Income
Sala-i-Martin, Xavier; Pinkovskiy, Maxim - National Bureau of Economic Research (NBER) - 2009
We use a parametric method to estimate the income distribution for 191 countries between 1970 and 2006. We estimate the World Distribution of Income and estimate poverty rates, poverty counts and various measures of income inequality and welfare. Using the official $1/day line, we estimate that...
Persistent link: https://www.econbiz.de/10008622335
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Capital Flows, Consumption Booms and Asset Bubbles: A Behavioural Alternative to the Savings Glut Hypothesis
Laibson, David; Mollerstrom, Johanna - National Bureau of Economic Research (NBER) - 2010
Bernanke (2005) hypothesized that a "global savings glut" was causing large trade imbalances. However, we show that the global savings rates did not show a robust upward trend during the relevant period. Moreover, if there had been a global savings glut there should have been a large investment...
Persistent link: https://www.econbiz.de/10008628432