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Reversal of Fortune : Geography and Institutions in the Making of the Modern World Income Distribution

Acemoglu, Daron - 2001

Among countries colonized by European powers during the past 500 years those that were relatively rich in 1500 are now relatively poor. We document this reversal using data on urbanization patterns and population density, which, we argue, proxy for economic prosperity. This reversal is...

Persistent link: https://www.econbiz.de/10012470258

A Tariff-Growth Paradox? Protection's Impact the World Around 1875-1997

Clemens, Michael A. - 2001

This paper uses a new database to establish two findings covering the first globalization boom before World War I, the … second since World War II, and the autarkic interlude in between. First, there is strong evidence supporting a Tariff …-Growth Paradox: protection was associated with fast growth before World War II, while it was associated with slow growth thereafter …

Persistent link: https://www.econbiz.de/10012470259

The Economic Geography of the Internet Age

Leamer, Edward E. - 2001

This paper combines the perspective of an international economist with that of an economic geographer to reflect on how and to what extent the Internet will affect the location of economic activity. Even after the very substantial transportation and communication improvements during the 20th...

Persistent link: https://www.econbiz.de/10012470269

Foreign Direct Investment in a World of Multiple Taxes

Desai, Mihir A. - 2001

While governments have multiple tax instruments available to them, studies of the effect of tax policy on the locational decisions of multinationals typically focus exclusively on host country corporate income tax rates and their interaction with home country tax rules. This paper examines the...

Persistent link: https://www.econbiz.de/10012470279

A "Vertical" Analysis of Crises and Intervention : Fear of Floating and Ex-ante Problems

Caballero, Ricardo - 2001

Emerging economies are prone to crises triggered by external shocks. During these crises, should the central bank stabilize the currency or domestic interest rates? If the choice is outside the central bank's control, as in a currency board, are there good policy substitutes? We argue that these...

Persistent link: https://www.econbiz.de/10012470291

The Economic and Strategic Motives for Antidumping Filings

Prusa, Thomas J. - 2001

This paper takes a critical look at the trends in worldwide antidumping (AD) case filings during the last two decades. We examine the motives for AD filings by countries in an attempt to identify whether economic or strategic concerns are driving the recent upsurge in AD use. We begin by...

Persistent link: https://www.econbiz.de/10012470295

International Risk Sharing is Better Than You Think (or Exchange Rates are Much Too Smooth)

Brandt, Michael W. - 2001

Exchange rates depreciate by the difference between the domestic and foreign marginal utility growths. Exchange rates vary a lot , as much as 10% per year. However, equity premia imply that marginal utility growths vary much more, by at least 50% per year. This means that marginal utility...

Persistent link: https://www.econbiz.de/10012470316

Antidumping

Blonigen, Bruce A. - 2001

We review the growing literature on the effects of antidumping, a trade policy that has emerged as the most serious impediment to international trade. Over the past 25 years countries have increasingly turned to antidumping in order to offer protection to import-competing industries. Antidumping...

Persistent link: https://www.econbiz.de/10012470322

One Decade of Inflation Targeting in the World : What Do We Know and What Do We Need to Know?

Mishkin, Frederic S. - 2001

One decade of inflation targeting in the world offers lessons on the design and implementation of inflation targeting …

Persistent link: https://www.econbiz.de/10012470323

Does a Currency Union Affect Trade? The Time Series Evidence

Glick, Reuven - 2001

Does leaving a currency union reduce international trade? We answer this question using a large annual panel data set covering 217 countries from 1948 through 1997. During this sample a large number of countries left currency unions; they experienced economically and statistically significant...

Persistent link: https://www.econbiz.de/10012470324