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International Climate Agreements, Cost Reductions and Convergence of Partisan Politics

Laurency, Patrick; Schindler, Dirk - 2021

In recent years, differences between traditional and green parties have been leveled with respect to climate protection. We show that this partial convergence in party platforms can be explained by international climate agreements, effectively reducing greenhouse gas emissions. We set up a...

Persistent link: https://www.econbiz.de/10013315969

Cross-Country Income Differences and Technology Diffusion in a Competitive World

Irmen, Andreas - 2012

-degenerate world income distribution. In accordance with the empirical literature, I find that country characteristics such as the … policies such as subsidies to innovation investments explain a country's position in the eventual world income distribution …

Persistent link: https://www.econbiz.de/10012754962

The Global Joint Distribution of Income and Health

Wu, Ximing; Savvides, Andreas; Stengos, Thanasēs - 2021

We investigate the evolution of global welfare in two dimensions: income per capita and life expectancy. First, we estimate the marginal distributions of income and life expectancy separately. More importantly, in contrast to previous univariate approaches, we consider income and life expectancy...

Persistent link: https://www.econbiz.de/10013316486

The Impact of Globalization on the Composition of Government Expenditures : Evidence from Panel Data

Dreher, Axel - 2006

According to the disciplining hypothesis, globalization restrains governments by inducing increased budgetary pressure … globalization (quot;compensation hypothesisquot;). Employing two different datasets and various measures of globalization, we … analyze whether globalization has indeed influenced the composition of government expenditures. For a sample of 108 countries …

Persistent link: https://www.econbiz.de/10012779699

Financial Development and Inequality in the Global Economy

von Ehrlich, Maximilian - 2016

We build a heterogeneous-firms model with firm-specific wages and credit frictions to study the role of financial development for inequality in the global economy. If there are many small firms, better access to external funds reduces wage inequality and unemployment. In contrast, if there are...

Persistent link: https://www.econbiz.de/10012996265

Globalization, Inequality, and Redistribution : Theory and Evidence

Gozgor, Giray - 2015

This paper constructs a simple theoretical model to study the implications of globalization for inequality and … redistribution. It shows that when globalization increases inequality, a policymaker interested in maximizing the sum of welfares of … all agents increases redistribution. Empirically, the paper examines the effects of globalization on inequality and …

Persistent link: https://www.econbiz.de/10013013496

Globalization and Income Inequality Revisited

Dorn, Florian; Fuest, Clemens; Potrafke, Niklas - 2021

This paper re-examines the link between globalization and income inequality. We use data for 140 countries over the … period 1970-2014 and employ an IV approach to deal with the endogeneity of globalization measures. We find that the link … between globalization and income inequality differs across different groups of countries. There is a robust positive …

Persistent link: https://www.econbiz.de/10013315438

Globalization, Wage Polarization, and the Unstable Great Ratio

Cozzi, Guido - 2014

The US labour market has experienced a remarkable polarization in the 1980s and 1990s. Moreover, recent empirical work has documented a sharp increase in the wealth to income ratio in that period. Contemporary to these inequality trends, the US faced a fast technological catch-up as European...

Persistent link: https://www.econbiz.de/10013044598

Does the Euro-Zone Diverge? A Stress Indicator for Analyzing Trends and Cycles in Real GDP and Inflation

Flaig, Gebhard; Wollmershäuser, Timo - 2021

This paper presents a stress indicator for the eurozone that summarizes developments of trends and cycles in real GDP and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short-term interest rate and the interest rate that would...

Persistent link: https://www.econbiz.de/10013317182

How Much Do Educational Outcomes Matter in OECD Countries?

Hanushek, Eric Alan; Woessmann, Ludger - 2021

Existing growth research provides little explanation for the very large differences in long-run growth performance across OECD countries. We show that cognitive skills can account for growth differences within the OECD, whereas a range of economic institutions and quantitative measures of...

Persistent link: https://www.econbiz.de/10013316138