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Are We Fragmented Yet? Measuring Geopolitical Fragmentation and Its Causal Effect

Fernández-Villaverde, Jesús; Mineyama, Tomohide; … - National Bureau of Economic Research - 2024

After decades of rising global economic integration, the world economy is now fragmenting. To measure this phenomenon …

Persistent link: https://www.econbiz.de/10014576667

Sinn, Hans-Werner - 2002

While the old systems competition took place with closed borders, globalisation has brought about a new type of systems competition that is driven by the mobility of factors of production. The new systems competition will likely imply the erosion of the European welfare state, induce a race to...

Persistent link: https://www.econbiz.de/10012469968

Domestic Policies, National Sovereignty and International Economic Institutions

Bagwell, Kyle - 1999

in an interdependent world? This question is at the center of the debate over the future role of GATT (and its successor … labor and environmental policies, and would lead to a significant loss of sovereignty for national governments. In this … labor and environmental standards, and that with relatively modest changes that grant governments more sovereignty, not less …

Persistent link: https://www.econbiz.de/10012471491

Technological Rivalry and Optimal Dynamic Policy in an Open Economy

Bai, Yan; Jin, Keyu; Lu, Dan - National Bureau of Economic Research - 2023

What are a country's policy options in the face of emerging technologies development in a global economy? To answer this question, we examine optimal dynamic policies in an open economy where technology is endogenously accumulated through R&D innovation. Our key insight is that a country has...

Persistent link: https://www.econbiz.de/10014372460

Looking Backward, Innovating Forward : A Theory of Competitive Cascades

Lim, Kevin; Trefler, Daniel; Yu, Miaojie - National Bureau of Economic Research - 2022

Innovation depends on exporting and, in particular, on scale and competition in export markets. We develop a theory featuring (1) quality-segmented markets, (2) step-by-step innovation that moves firms forward along the quality ladder, and (3) escape-the-competition motives for innovation. We...

Persistent link: https://www.econbiz.de/10013388811

Codification, Technology Absorption, and the Globalization of the Industrial Revolution

Juhász, Réka; Sakabe, Shogo; Weinstein, David E. - National Bureau of Economic Research - 2024

Japan was unique among non-Western countries in successfully industrializing during the first wave of globalization …

Persistent link: https://www.econbiz.de/10014635630

Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure

Autor, David - 2016

Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...

Persistent link: https://www.econbiz.de/10012456043

Globalization and Inflation Dynamics : the Impact of Increased Competition

Sbordone, Argia M. - 2007

This paper analyzes the potential effect of global market competition on inflation dynamics. It does so through the lens of the Calvo model of staggered price-setting, which implies that inflation depends on expected future inflation and a measure of marginal costs. I modify the assumption of a...

Persistent link: https://www.econbiz.de/10012465091

U.S. Multinationals and Competition from Low Wage Countries

Riker, David A. - 1997

It is often argued that the globalization of production places workers in industrialized countries in competition with …

Persistent link: https://www.econbiz.de/10012472862

Global Dimensions of U.S. Monetary Policy

Obstfeld, Maurice - 2019

potential spillback onto the U.S. economy from the disproportionate impact of U.S. monetary policy on the outside world. In …

Persistent link: https://www.econbiz.de/10012479987