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The landscape of economic growth : do middle-income countries differ?

Eichengreen, Barry; Park, Donghyun; Shin, Kwanho - 2017

We review the growth experience of middle-income countries. Economic factors associated with growth appear to differ between middle income and other countries. The efficiency of the financial system is importantly related to the growth rate in low- and middle-income countries, but appears to...

Persistent link: https://www.econbiz.de/10011703225

A new index of globalization : measuring impacts of integration on economic growth and income inequality

Huh, Hyeon-seung; Park, Cyn-Young - 2019

The purpose of this study is twofold. The first is to develop a new composite index of globalization based on data on … effects of globalization on economic growth and income inequality. The index comprises 25 indicators that represent the key … integration in the construction of the globalization index. The results show that although globalization promotes economic growth …

Persistent link: https://www.econbiz.de/10012030661

Local currency bond market development and currency stability amid market turmoil

Kim, Cheonkoo; Park, Donghyun; Park, Jungsoo; Tian, Shu - 2023

This study investigates how development of the local currency (LCY) bond market brings stability in the financial market. The analysis is based on annual economy panel data set for 1989-2020. The main findings are as follows. First, exchange rate volatility is lower during crisis periods if an...

Persistent link: https://www.econbiz.de/10014312897

Economic growth, financial development, and income inequality

Park, Donghyun; Shin, Kwanho - 2015

The central objective of our paper is to empirically examine the relationship between financial development and income inequality. Theoretically, there are grounds for both a positive and negative relationship between the two variables. Our main finding is that financial development contributes...

Persistent link: https://www.econbiz.de/10011305273

Trade and income in Asia : panel data evidence from instrumental variable regression

Ferrarini, Benno - 2010

This paper derives a Frankel-Romer instrument from a global trade matrix of 157 countries over the period 1990-2007, and deploys it to assess the relationship between international trade, domestic market potential, and income for the case of developing Asia, compared to the world average. The...

Persistent link: https://www.econbiz.de/10008826910

What works to control COVID-19? : econometric analysis of a cross-country panel

Chen, Liming; Raitzer, David; Hasan, Rana; Lavado, Rouselle - 2020

We use cross-country panel data to examine the effects of a variety of nonpharmaceutical interventions used by governments to suppress the spread of coronavirus disease (COVID-19). We find that while lockdown measures lead to reductions in disease transmission rates as captured by the...

Persistent link: https://www.econbiz.de/10012403980

Climate, urbanization, and conflict : the effects of weather shocks and floods on urban social disorder

Castells-Quintana, David; McDermott, Thomas K. J. - 2019

In this paper, we test the effect of weather shocks and floods on urban social disorder for a panel of large cities in developing countries. We focus on a particular mechanism, namely the displacement of population into (large) cities. We test this hypothesis using a novel dataset on...

Persistent link: https://www.econbiz.de/10012030663

Is employment globalizing?

Chen, Liming; Felipe, Jesus; Kam, Andrew J.Y.; Mehta, … - 2018

We investigate the claim that national labor markets have become more globally interconnected in recent decades. We do so by deriving estimates over time of three different notions of interconnection: (i) the share of labor demand that is export induced (i.e., all labor demand created by foreign...

Persistent link: https://www.econbiz.de/10011903171

Measuring localization in the age of economic globalization

Baris, Kristina V.; Crisostomo, Ma. Charmaine R.; … - 2022

In a highly integrated global economy, linkages of domestic sectors to global trade measure an economy's ability to gain from participating in global value chains. On the other hand, the strength of domestic linkages can provide insights on an economy's cross-industry trade and extent of the...

Persistent link: https://www.econbiz.de/10012818798

Global increase in climate-related disasters

Thomas, Vinod; López, Ramón - 2015

Intense climate-related disasters - floods, storms, droughts, and heat waves - have been on the rise worldwide. At the same time and coupled with an increasing concentration of greenhouse gases in the atmosphere, temperatures, on average, have been rising, and are becoming more variable and more...

Persistent link: https://www.econbiz.de/10011404649