Marshall-Lerner condition and economic globalization

Revisiting the Marshall-Lerner Condition under Processing Trade– Empirical Evidence from China

With the real exchange rate elasticity of processing net exports being positively related to the processing trade intensity, the modified Marshall-Lerner condition states that a real exchange rate appreciation tends to increase rather than reduce net exports, as long as the composite export elasticity with respect to import via the real exchange rate is sufficiently large. The estimated cointeg...

Globalization and economic volatility

Businesses and households face substantial idiosyncratic and aggregate economic risk. As a general principle, economic risk for businesses reflects the myriad of factors that impact the profitability of the business, while for individuals economic risk reflects the myriad of factors that impact the earnings and employment outcomes of household members. While aggregate risk gets most of the head...

Globalization And Inequality In Different Economic Blocks

Globalization and economic sovereignty PROFESSOR

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Measuring economic globalization:

Measuring the degree and extent of economic globalization is subject to a variety of issues ranging from theoretical conceptualization to the selection of appropriate data. This examination of economic globalization underscores the importance of a geographic perspective that is necessarily situated within a temporal context. International trade data and exploratory spatial data analyses (ESDA) ...