Showing 91 - 100 of 135
Modern globalization (which includes free flows of trade and factors of production across frontiers, stable rates of …
Persistent link: https://www.econbiz.de/10011509424
The Global Vector Autoregressive (GVAR) approach has proven to be a very useful approach to analyze interactions in the global macroeconomy and other data networks where both the cross-section and the time dimensions are large. This paper surveys the latest developments in the GVAR modeling,...
Persistent link: https://www.econbiz.de/10010354717
Does trade openness systematically imply bigger governments, as proposed by Rodrik (1998)? This paper presents a novel … and more refined explanation for when and why international trade may enlarge the public sector. We propose that trade …) the country is democratic. The first condition satisfies the prior that open trade barriers indeed introduce uncertainty …
Persistent link: https://www.econbiz.de/10012103413
decades can explain increasing resistance to globalization in industrialized countries. In a traditional trade model of a …Based on empirical evidence from cross-country survey data, we argue that the surge of trade in tasks over the last … small open economy, we demonstrate that public education provides protection against losses from trade in goods and services …
Persistent link: https://www.econbiz.de/10012035045
This paper critically reviews the theoretical basis for the provision of the global financial safety net (GFSN) and provide a comprehensive database covering four elements of the GFSN (foreign exchange reserves, IMF financing, central bank swap lines and regional financing arrangements) for over...
Persistent link: https://www.econbiz.de/10011565481
For a long time globalization could be seen everywhere but in gravity estimates. We offer evidence how globalization … affects manufacturing trade over the period 1986-2006 and show that, on average, the effect of distance has fallen whereas the … effects of proximity and regional trade agreements have increased over time. We also document substantial cross …
Persistent link: https://www.econbiz.de/10011586305
The past decades witnessed big changes in international trade with the rise of global value chains. Some countries … stability, liberal trade policies, foreign direct investment inflows and domestic industrial capacity are very important in …
Persistent link: https://www.econbiz.de/10012213059
We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world industrial production to simulate the effects of the jump in financial uncertainty observed in correspondence of the Covid-19 outbreak. We predict the cumulative loss in world...
Persistent link: https://www.econbiz.de/10012213164
currencies, is affected by trade intensity, bilateral swap line arrangements, and has a regional bias. Further, it is possibly …
Persistent link: https://www.econbiz.de/10012234514
This paper studies the impact of corporate acquisitions - both domestic and cross-border - on the uncertainty faced by acquiring firms. We use data for UK publicly-listed firms from 2004 to 2017 and employ a matching estimator combined with difference-in-differences to control for the endogenous...
Persistent link: https://www.econbiz.de/10012158166