Arbeitspapier
Globalisation as a 'good times' phenomenon: a search-based explanation
Globalisation is associated with long periods of sustained economic growth and credit expansion, whereas major recessions tend to lead to falling trade and protectionism. The sensitivity of trade to global economic conditions is not simply driven by policy: rather, in a model of costly search, firms who are engaged in a searching process are very sensitive to changing economic circumstances. In turn, this causes protectionism to be partly endogenous, since optimal noncooperative tariffs can be high during periods when the sensitive, searching firms have exited the market.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2009-55
- Klassifikation
-
Wirtschaft
Economic Integration
Economic Growth of Open Economies
- Thema
-
Globalisation
trade
search
Globalisierung
Wirtschaftswachstum
Internationale Handelspolitik
Informationskosten
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Edwards, T. Huw
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Edwards, T. Huw
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2009
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