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Running the U.S. economy at full throttle is a stressful variant of capitalism

Komlos, John - 2022

turbulence of adjusting to a knowledge economy, by the downward social mobility of millions disadvantaged by globalization, and …

Persistent link: https://www.econbiz.de/10013383434

Global banking, trade, and the international transmission of the great recession

Born, Alexandra; Enders, Zeno - 2018

The global financial crisis of 2007-2009 spread through different channels from its origin in the United States to large parts of the world. In this paper we explore the financial and the trade channel in a unified framework and quantify their relative importance for this transmission....

Persistent link: https://www.econbiz.de/10011800166

Economic globalisation and Africa's quest for greener and more inclusive growth : the missing link

Ofori, Isaac Kwesi; Freytag, Andreas; Asongu, Simplice - 2023

inclusive green growth (IGG) relationship in Africa. Based on macro data for 22 African countries and the Driscoll …-Kraay standard errors with fixed effects instrumental variable regression, the following findings are established. First, Africa … threshold analysis suggests that by improving Africa's mostly unfree economic architecture to 60% (moderately free) or 80% (free …

Persistent link: https://www.econbiz.de/10014292764

Did Chinese outward activity attenuate or aggravate the Great Recession in developing countries?

Gawellek, Bastian; Lyu, Jingjing; Süssmuth, Bernd - 2016

Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...

Persistent link: https://www.econbiz.de/10011420791

What do we know about the global financial safety net? : a new comprehensive data set

Scheubel, Beatrice; Stracca, Livio - 2016

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

Global and regional financial integration in emerging Asia : evidence from stock markets

Caporale, Guglielmo Maria; Gil-Alaña, Luis A.; You, Kefei - 2017

This paper employs a price-based measure of integration, namely stock return differentials between ten emerging Asian economies and the US (as an indicator of global integration), as well as Japan and the Asian region (as two alternative indicators of regional integration), to test for mean...

Persistent link: https://www.econbiz.de/10011654611

Global uncertainty

Caggiano, Giovanni; Castelnuovo, Efrem - 2021

We estimate a novel measure of global financial uncertainty (GFU) with a dynamic factor framework that jointly models global, regional, and country-specific factors. We quantify the impact of GFU shocks on global output with a VAR analysis that achieves set-identification via a combination of...

Persistent link: https://www.econbiz.de/10012431805

Interjurisdictional linkages and the scope for interventionist legal harmonization

Baniak, Andrzej; Grajzl, Peter - 2010

interdependence - the hallmark of globalization - per se does not justify interventionist harmonization unless increased …-jurisdictional externalities ; jurisdictional interdependence ; globalization …

Persistent link: https://www.econbiz.de/10003975553

Corruption and access to socio-economic services in Africa

Freytag, Andreas; Riaz, Muhammad Faraz - 2021

Corruption is one of the world’s most widespread political problems. It can be found on international, national and sub-national level. Access to education and other socio-economic services is of utmost importance for all humans. It is still not exclusively based on merit, but often rather...

Persistent link: https://www.econbiz.de/10012428971

The impact of the prehistoric out-of-Africa migration on cultural diversity

Galor, Oded; Klemp, Marc P. B.; Wainstock, Daniel … - 2023 - Original version: April 2023, this version: May 2023

Evidence suggests that the prehistoric Out of Africa Migration has impacted the degree of intra-population genetic and …. Leveraging a folklore catalogue of 958 oral traditions across the world, we ﬁnd that ethnic groups further away from East Africa …, phenotypic, and phonemic traits along the Out of Africa migration routes, setting conditions for the emergence and proliferation …

Persistent link: https://www.econbiz.de/10014251953