We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy indeed follows the concept of creative destruction, as proposed by J.A.
A paradox about globalization — that energetic, free-wheeling word to describe the shared experience of people, commerce, and ideas across borders — is that its success is not measured by movement, bu
Consider the following scenario.
The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics.
During the five years from 2003 to 2007, global perceptions of risk were unusually low, as reflected in the market pricing of sovereign debt, corporate debt and options.
Book abstract: When the 2008 housing market bubble burst in the United States, a financial crisis rippled from the epi-center in the United States across borders into economies both near and far, caus
We show that world trade network datasets contain empirical evidence that the dynamics of innovation in the world economy follows indeed the concept of creative destruction, as proposed by J.A.
Please see the latest August 2013 version of this paper, RWP13-025.
Countries with oil, mineral or other natural resource wealth, on average, have failed to show better economic performance than those without, often because of undesirable side effects.
The large economies have each, in sequence, offered “models” that once seemed attractive to others but that eventually gave way to disillusionment. Small countries may have some answers.
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