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This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...
Persistent link: https://www.econbiz.de/10010286168
This paper tests the hypothesis that the links and leadership/dependency relationships between the People's Republic of China (PRC), the United States (US), and the other large Asian economies have changed over the past 20 years with the industrialization of the PRC economy. We use time-varying...
Persistent link: https://www.econbiz.de/10009161729
Persistent link: https://www.econbiz.de/10014390190
Persistent link: https://www.econbiz.de/10002265972
The paper uses the recently available data on growth rates, democracy, protectionism, and wars over the period 1820 to … the effect of democracy on growth, was colonialism economically bad for colonies, does protectionism affect growth … negatively, what is the effect of wars? We find that own democracy has a significant positive impact on growth which increases as …
Persistent link: https://www.econbiz.de/10014062168
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Macroeconomic costs of conflict are generally very large, with GDP per capita about 28 percent lower ten years after conflict onset. This is overwhelmingly driven by private consumption, which falls by 25 percent ten years after conflict onset. Conflict is also associated with dramatic declines...
Persistent link: https://www.econbiz.de/10012252077
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