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We investigate how protectionist policies influence short-run economic growth. Our empirical strategy exploits an extraordinary tax scandal that gave rise to an unexpected change of government in Sweden. A free-trade majority in parliament was overturned by a protectionist majority in 1887. We...
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We analyze the influence of newly constructed globalization measures on regional growth for the EU-27 countries between … globalization, integration and technology transfers on European regions. The results suggest that most regions have significantly … benefited from globalization measured by increasing trade openness and FDI. In a non-linear growth convergence model the growth …
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There is a general acceptance of the fact that a significant direct relationship between financial markets and macroeconomic variables exists, especially by considering the assertion that developed financial markets correspond to high GDP levels. This paper provides an investigation of the...
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