Results of recent research suggest an increase in co-movement in house prices across countries since the mid-1980s, and this apparent increased synchronization has been attributed to greater globalization in the form of rising trade and financial flows. A similar line of research has indicated...

A number of previous studies (Barro and Sala-i-Martin, Grier) have attempted to gauge the differential impact of regressors such as human capital and investment on the performance of fast and slow growing economies. To date, most such studies impose a single marginal impact on all countries for...

Der Kapitalzustrom in die Entwicklungsländer war in den neunziger Jahren von einem starken Anstieg von vor allem Portfolio- und - in geringerem Maße - Direktinversitionen gekennzeichnet, während Bankkredite, die in den siebziger und achtziger Jahren dominierten, deutlich zurückgingen. Dies...