research paper of global economy

Pinelopi K. Goldberg & Tristan Reed, 2023. "Is the Global Economy Deglobalizing? If So, Why? And What Is Next?," Brookings Papers on Economic Activity, vol 2023 (1), pages 347-423. Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among ...

Yet, a literature search plays an integral role in establishing many research problems. In this paper, the approach taken to overcome this conundrum involves searching and reviewing the existing literature in the specific area of study (i.e. impacts of COVID-19 on global economy and ecosystems in the context of CE).

The global economy represents the interconnected economic activity among nations, including the flow of goods, services, and capital, as well as the movement of people. International trade, international finance, foreign direct investment, geopolitics, and migration are key features of the globalized economy. This page contains a collection of ...

A Survey by the IMF staff usually published twice a year. It presents IMF staff economists' analyses of global economic developments during the near and medium term. Chapters give an overview as well as more detailed analysis of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current ...

Our baseline simulation, which sets future productivity based on each region's long-term record, predicts China and India becoming the world's largest two economies with 27.0 percent and 16.2 percent of 2100 world GDP, respectively. The respective end-of-century U.S. and Western European global GDP shares are just 12.3 percent and 11.9 percent.

In this paper, we examine the relationship between economic globalization and growth in panel of selected OIC countries over the period 1980-2008. Furthermore, we would explore whether the growth effects of economic globalization depend on the set of complementary policies and income level of OIC countries. The paper is organized as follows.

Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. Elevated central bank rates to fight inflation and a withdrawal of fiscal support amid high debt weigh on economic activity. Inflation is falling faster than expected in most regions, amid unwinding supply-side issues and restrictive monetary policy. Global headline inflation is expected to fall to 5.8 ...

The COVID-19 pandemic sent shock waves through the world economy and triggered the largest global economic crisis in more than a century. The crisis led to a dramatic increase in inequality within and across countries. ... "From Health Crisis to Financial Distress," Policy Research Working Paper 9616, World Bank, Washington, DC, 2021, https ...

The 2008 financial crisis was the most severe shock to hit the global economy in more than 70 years. The most acute phase of the crisis followed the September 15, 2008 collapse of the investment bank Lehman Brothers.2 The post-Lehman scramble for liquidity and the ensuing panic—marked by distressed asset sales, deposit withdrawals from banks ...

Brookings Global Working Paper #158 Global Economy and Development program at Brookings ... Its mission is to conduct high-quality, independent research and, based on that research, to provide

Technology and the Global Economy. Jonathan Eaton & Samuel S. Kortum. Working Paper 32062. DOI 10.3386/w32062. Issue Date January 2024. Interpreting individual heterogeneity in terms of probability theory has proved powerful in connecting behaviour at the individual and aggregate levels. Returning to Ricardo's focus on comparative efficiency as ...

Nowadays, there is a considerable body of literature exploring the causes of the global financial and economic crisis. The roots of the crisis, which erupted after the period of extensive deregulation of the banking sector pursued in line with the efficient financial market theory (see Crotty, 2009; Krugman, 2009), were neatly summarised by Martin (2011) as a shift from a 'locally originate ...

In our updated projections, we identify four major themes for the global economy: Theme #1: Slower global potential growth, led by weaker population growth. Global growth has slowed from an average of 3.6% per year in the 10 years to the Global Financial Crisis, to 3.2% per year in the decade prior to the Covid pandemic

Policy Research Working Paper 7437 This paper is a product of the Trade and Competitiveness Global Practice Group. It is part of a larger effort by the World Bank to provide open access to its research and make a contribution to development policy discussions around the world.

This paper analyzes the role of the United States in the global economy and examines the extent of global spill- overs from changes in U.S. growth, monetary and fiscal policies, and uncertainty in its financial markets and eco- nomic policies. Developments in the U.S. economy, the world's largest, have effects far beyond its shores.

Running head: International Trade and Its Impact on the Global Economy 1. International Trade and Its Impact on the Global Economy. Abstract. With regard to the theories of growth, the flow of ...

Policy Research Working Paper 9172 The world economy has experienced four global recessions over the past seven decades: in 1975, 1982, 1991, and 2009. During each of these episodes, annual real per capita global gross domestic product contracted, and this contraction was accompanied by weakening of other key indicators of global economic activity.

Calculating the consequences of global public bads such as climate change or pandemics helps uncover the scale, distribution and structure of their economic burdens. As violent conflict affects billions of people worldwide, whether directly or indirectly, this article sets out to estimate its global macro-economic repercussions.

This paper explores th e 2021-2022 global energy crisis. The 2021-2022 energy crisis was caused. by many factors including the global campaign to reduce carbon emission, the shortage in fossil ...

This paper is a revised and English-translated version of the introductory paper presented at the 10th Joint Conference entitled "Changes in the Global Economic Landscape and Japan's Economy" (in Japanese) held on November 13, 2023, co-hosted by the Center for Advanced Research in Finance at the University of Tokyo and the Research and ...

Abstract. Rapid advancements in artificial intelligence (AI) will have a dramatic impact on the global economy. This paper provides a systematic review of the economic impact of AI, focusing on ...

Global economic growth is projected to slow from an estimated 2.7 per cent in 2023 to 2.4 per cent in 2024, trending below the pre-pandemic growth rate of 3.0 per cent, according to the United Nations World Economic Situation and Prospects (WESP) 2024. This latest forecast comes on the heels of global economic performance exceeding expectations in 2023.

A look at Figure 2 indicates that imports have increased at much higher rate as compared to exports, foreign remittances and FDI. In recent times, many researchers have attempted to examine relationship between variables. In recent times, time-series analysis with Autoregressive Distributed Lag (ARDL) bounds testing approach has gained popularity among researchers to examine relationship ...

A new paper written for the National Bureau of Economic Research (NBER) suggests that the global economic cost of climate change could be around six times higher than previous estimations. The paper, written by Northwestern economics professor Diego Känzig and Harvard economics professor Adrien Bilal, suggests that every one degree of ...

Working Paper 32450. DOI 10.3386/w32450. Issue Date May 2024. This paper estimates that the macroeconomic damages from climate change are six times larger than previously thought. We exploit natural variability in global temperature and rely on time-series variation. A 1°C increase in global temperature leads to a 12% decline in world GDP.

Business surveys are showing that the recovery is taking root, but inflationary pressures have even deeper roots. Wage inflation is hovering close to 6% year over year. However, the labor market is slackening, with the unemployment rate rising notably to 4.3% in March from 3.9% in January 2024.

After selecting the relevant research papers, the related papers were also searched. In the screening and eligibility steps, the abstract analysis along with full-text analysis was also carried out. ... These unfavorable factors are restricted cultural and scientific exchanges, reduced global economy, and lack of infrastructure, knowledge ...

Similarly, a series of papers has examined the role of economic factors as drivers of global inflation. The rise in commodity prices has often been cited as an inflationary force that transcends borders, given the global nature of commodity markets, as in De Gregorio (2012) and Peersman (2022). The

on numerous issues raised in the Chatham House research paper. Many of these are straightforward and uncontroversial: quick wins could be achieved simply by including passing references to the 'blue economy' or climate change, for example. These issues are indeed important priorities, but their inevitable inclusion should

A new paper written for the National Bureau of Economic Research (NBER) suggests that the global economic cost of climate change could be around six times higher than previous estimations.