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The Heckscher-Ohlin Model between 1400 and 2000 : When it Explained Factor Price Convergence, When it Did Not, and Why

O'Rourke, Kevin Hjortshøj; Williamson, Jeffrey G. - 2001

There are two contrasting views of pre-19th century trade and globalization. First, there are the world history … were the two most important events in recorded history. Second, there is the view that the world economy was fragmented and … global economy that world historians assign to them, while there is plenty of evidence of a very big bang in the 19th century …

Persistent link: https://www.econbiz.de/10014175442

Measuring Ancient Inequality

Milanović, Branko; Lindert, Peter H.; Williamson, … - 2022

Is inequality largely the result of the Industrial Revolution? Or, were pre-industrial incomes and life expectancies as unequal as they are today? For want of sufficient data, these questions have not yet been answered. This paper infers inequality for 14 ancient, pre-industrial societies using...

Persistent link: https://www.econbiz.de/10014223115

Measuring Real Economic Effects of Bailouts : Historical Perspectives on How Countries in Financial Distress Have Fared with and Without Bailouts

Bordo, Michael D.; Schwartz, Anna Jacobson - 2022

In this paper we first trace the changing nature of banking, currency and debt crises from the last century to the present. Each type of crisis has transmogrified in the presence of official intervention and the creation of a safety net. A similar pattern is observed for international rescue...

Persistent link: https://www.econbiz.de/10014155989

Distributive Politics and Economic Growth

Alesina, Alberto; Rodrik, Dani - 2010

This paper studies the relationship between political conflict and economic growth in a simple model of endogenous growth with distributive conflicts. We study both the case of two "classes" (workers and capitalists) and the case of a continuum distribution of agents, characterized by different...

Persistent link: https://www.econbiz.de/10014156810

In a World Without Borders : the Impact of Taxes on Internet Commerce

Goolsbee, Austan - 2000

The rapid rise in sales over the Internet has generated debate over the taxation of such transactions since the buyers usually pay no sales tax. This paper uses new data on the purchase decisions of approximately 25,000 online users to examine the effects that local sales taxes have on Internet...

Persistent link: https://www.econbiz.de/10014157055

The Effect of Multinational Firms' Operations on Their Domestic Employment

Kravis, Irving B.; Lipsey, Robert E. - 2022

Given the level of its production in the U.S., a firm that produces more abroad tends to have fewer employees in the U.S. and to pay slightly higher salaries and wages to them. The most likely explanation seems to be that the larger a firm's foreign production, the greater its ability to...

Persistent link: https://www.econbiz.de/10014157774

International Trade Theory : The Evidence

Leamer, Edward E.; Levinsohn, James Alan - 2022

This paper provides a critical look at recent empirical work in international trade theory. The paper addresses the issue of why empirical work in international trade has perhaps not been as influential as it could have been. The paper also provides several suggestions on directions for future...

Persistent link: https://www.econbiz.de/10014158000

The Segmentation of International Markets : Evidence from the Economist

Knetter, Michael M. - 2022

This paper studies the behavior of newsstand prices for The Economist magazine in eight markets. Substantial variations in markups across markets are related to exchange rate fluctuations. Some of this variation can be traced to menu costs. However, much of the variation appears to result from...

Persistent link: https://www.econbiz.de/10014158555

Schooling, Labor Force Quality, and Economic Growth

Hanushek, Eric Alan; Kim, Dongwook - 2000

Human capital is almost always identified as a crucial ingredient for growing economies, but empirical investigations of cross-national growth have done little to clarify the dimensions of relevant human capital or any implications for policy. This paper concentrates on the importance of labor...

Persistent link: https://www.econbiz.de/10014158648

Commodity Market Integration, 1500-2000

Findlay, Robert; O'Rourke, Kevin Hjortshøj - 2010

integration was not monotonic; it was periodically interrupted by shocks such as wars and world depressions, or by endogenous …

Persistent link: https://www.econbiz.de/10014123554