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value chains (GVC). These networks facilitate trade in intermediaries across industrial sectors and countries and change the … productivity and labour shares in advanced and emerging economies. As indicators for globalisation we use the foreign share in … local projections reveal a positive relationship between globalisation and productivity. Moreover, we are able to reject the …
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The Chinese economic development affects GDP growth and inflation in the advanced countries. A GVAR approach is used to model the interdependencies between the business cycles in China and industrial countries, including the US, the euro area and Japan. For robustness, the results are compared...
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We analyze how changes in international trade integration affect productivity and the functional income distribution … trade integration increases productivity. Moreover, we show that both trade in intermediate inputs and trade in value added …. To account for endogeneity, we construct a leave-out measure for international trade integration for country …
Persistent link: https://www.econbiz.de/10014444832
We analyse how changes in international trade integration affect productivity and the functional income distribution … integration increases productivity. Second, we show that international trade integration is associated with higher labour shares …. To account for endogeneity, we construct a leave-out measure for international trade integration for country …
Persistent link: https://www.econbiz.de/10014246661
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This year and next, global GDP will grow more strongly than expected. The growth rate should be just under four percent. In developed economies, the continuing improvement in the job market situation will drive consumption. Corporate investment activity will also gain momentum. Over the forecast...
Persistent link: https://www.econbiz.de/10011717081