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Transformación económica desde la óptica fiscal. ¿Puede existir un equilibrio entre el corto, mediano y largo plazo para fomentar el desarrollo?
Valdivia, Daney; Loayza, Lilian - Volkswirtschaftliche Fakultät, … - 2012
This paper computes the fiscal stance in a small open economy and asses its position to relevant macroeconomic variables in order to protect the macroeconomic stability and promote development. Since 2006 change in income and tax structure shifts the implementation of fiscal policy, increasing...
Persistent link: https://www.econbiz.de/10011258610
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The European Union, southern multinationals and the question of the 'strategic industries'
Clifton, Judith; Díaz-Fuentes, Daniel - Volkswirtschaftliche Fakultät, … - 2010
This paper analyzes how the European Union has responded to Inward Foreign Direct Investment from Emerging Markets, particularly in the so-called Strategic Industries. Attention is focused on two sectors which have long been considered strategic assets by most countries around the world for...
Persistent link: https://www.econbiz.de/10009283795
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Social capital in Europe from 1990 to 2012: trends, path-dependency and convergence
Sarracino, Francesco; Mikucka, Malgorzata - Volkswirtschaftliche Fakultät, … - 2015
social capital in 30 Western and Eastern European countries. The paper demonstrates that the convergence of social capital …
Persistent link: https://www.econbiz.de/10011253064
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Agency Conflicts, Expropriation and Firm Value: Evidence from Securities-Market Regulation in China
Henk, Berkman; Rebel, Cole; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2005
In this study, we examine the wealth effects of regulatory changes intended to improve corporate governance by protecting minority shareholders from expropriation by controlling shareholders. Using data from publicly traded Chinese firms, we find that these new regulations significantly...
Persistent link: https://www.econbiz.de/10011260290
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Decomposing European NUTS2 regional inequality from 1980 to 2009: national and European policy implications
Doran, Justin; Jordan, Declan - Volkswirtschaftliche Fakultät, … - 2013
to which convergence has occurred. To investigate the underlying causes of the changes in inequality, the Theil … convergence of employment-population ratios across regions. Research limitations/implications – The paper argues that national … European regions. Originality/value – This paper's main contribution is to highlight how national convergence can lead to …
Persistent link: https://www.econbiz.de/10011260292
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China's Regional Convergence in Panels with Multiple Structural Breaks
Matsuki, Takashi; Usami, Ryoichi - Volkswirtschaftliche Fakultät, … - 2007
This study investigates the existence of regional convergence of per capita outputs in China from 1952 …’s provincial real per capita outputs to examine the regional convergence in China. To obtain the p-values of unit root tests for … Carlo simulation. The results obtained from this study reveal that the convergence of the provincial per capita outputs …
Persistent link: https://www.econbiz.de/10005621418
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Political connections and minority-shareholder protection: Evidence from securities-market regulation in China
Berkman, Henk; Cole, Rebel; Fu, Lawrence - Volkswirtschaftliche Fakultät, … - 2008
We examine the wealth effects of three regulatory changes designed to improve minorityshareholder protection in the Chinese stock markets. Using the value of a firm’s related-party transactions as an inverse proxy for the quality of corporate governance, we find that firms with weaker...
Persistent link: https://www.econbiz.de/10005622187
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The Long-Term Effects of Protestant Activities in China
Chen, Yuyu; Wang, Hui; Yan, Se - Volkswirtschaftliche Fakultät, … - 2014
Does culture, and in particular religion, exert an independent causal effect on long-term economic growth, or do culture and religion merely reflect the latter? We explore this issue by studying the case of Protestantism in China during the late nineteenth and early twentieth centuries....
Persistent link: https://www.econbiz.de/10011258769
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Rebalancing China’s economic growth: some insights from Japan’s experience
Muto, Ichiro; Fukumoto, Tomoyuki - Volkswirtschaftliche Fakultät, … - 2011
One of the greatest challenges China faces is how to reshape its heavily investment-driven mode of economic growth. By investigating how the rebalancing of Japan’s economic growth mode was realized in the 1970s, we indicate that it is essential in the rebalancing to correct the distortions in...
Persistent link: https://www.econbiz.de/10009226815
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Development of System Dynamic Model of Latvia’s Economic Integration in the EU
Skribans, Valerijs - Volkswirtschaftliche Fakultät, … - 2011
Joining the European Union big opportunities in the international markets have opened for Latvia. Paper purpose is to investigate influence of international integration processes on development of economy of Latvia. Latvia's incoming in EU increased the amount of received means from structural...
Persistent link: https://www.econbiz.de/10009367975