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Thresholds in the Process of International Financial Integration

Kose, M. Ayhan - 2009

The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....

Persistent link: https://www.econbiz.de/10013160313

International Capital Market Integration, Educational Choice and Economic Growth

Egger, Hartmut - 2006

This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take into account that participation in higher education is non-compulsory and depends on individual choice. Integration increases (decreases) the incentives to participate in higher...

Persistent link: https://www.econbiz.de/10012783546

Capital Market Integration and Gender Inequality

Komura, Mizuki - 2018

induces empirically observed declines in fertility rates throughout the world …

Persistent link: https://www.econbiz.de/10012908884

Role Reversal in Global Finance

Prasad, Eswar S. - 2011

I document that emerging markets have cast off their "original sin" – their external liabilities are no longer dominated by foreign-currency debt and have instead shifted sharply towards direct investment and portfolio equity. Their external assets are increasingly concentrated in foreign...

Persistent link: https://www.econbiz.de/10013119287

Global Macro-Financial Cycles and Spillovers

Ha, Jongrim - 2020

We develop a new dynamic factor model that allows us to jointly characterize global macroeconomic and financial cycles and the spillovers between them. The model decomposes macroeconomic cycles into the part driven by global and country-specific macro factors and the part driven by spillovers...

Persistent link: https://www.econbiz.de/10012840446

Asabiyya : Re-Interpreting Value Change in Globalized Societies

Heshmati, Almas; Tausch, Arno - 2009

. The World Values Survey provided a data framework of global value change, whose quantitative results led members of the … parcel of a larger set of traditional values. With the free available country-wide data from the World Values Survey, we re …/Welzel, 2003, 2003. A frequently asked question is whether “modernization” without “spiritual values” in a globalized world economy …

Persistent link: https://www.econbiz.de/10014203179

The Political U : New Evidence on Democracy and Income

Campos, Nauro; Coricelli, Fabrizio; Frigerio, Marco - 2022

This paper throws new light on the relationship between income and democracy. Using data for 162 countries over 1960-2018, we show that the causal relationship between political and economic development is U-shaped: "intermediate" political regimes significantly lead to inferior economic...

Persistent link: https://www.econbiz.de/10014076385

Demographic Transitions Across Time and Space

Delventhal, Matt; Fernández-Villaverde, Jesús; Guner, … - 2022

The demographic transition the move from a high fertility/high mortality regime into a low fertility/low mortality regime is one of the most fundamental transformations that countries undertake. To study demographic transitions across time and space, we compile a data set of birth and death...

Persistent link: https://www.econbiz.de/10014076463

Is Secessionism Mostly About Income or Identity? A Global Analysis of 3,003 Subnational Regions

Desmet, Klaus; Ortuño-Ortín, Ignacio; Özak, Ömer - 2022

This paper analyzes whether the propensity to secede by subnational regions responds mostly to differences in income per capita or to distinct identities. We explore this question in a quantitative political economy model where people's willingness to finance a public good depends on their...

Persistent link: https://www.econbiz.de/10014076467

Urban Resilience and Social Security Uptake : New Zealand Evidence from the Global Financial Crisis and the COVID-19 Pandemic

Cochrane, William; Poot, Jacques; Roskruge, Matthew - 2022

This paper focuses on the spatial variation in the uptake of social security benefits following a large and detrimental exogenous shock. Specifically, we focus on the Global Financial Crisis (GFC) and the onset of the COVID-19 pandemic. We construct a two-period panel of 66 Territorial...

Persistent link: https://www.econbiz.de/10014078008