As the trade negotiations within the FTAA region become more complicated with many more options for both the United States and its Latin American partners, it becomes more difficult to determine the prime motivation for any of the partners. Some have argued that the US negotiating process can be...

There is no question that Vietnam has made significant progress in its march to revamp its system to respond to and participate actively in the global economy. It has done this by embracing market principles and freeing up its enormous potential to grow and compete. The U.S. government has...

IP-intensive industries generate a significant share of U.S. economic growth. This report quantifies the impact that IP-intensive manufacturing industries would have on the economic growth created by a prospective Trans-Pacific Partnership. Our analysis shows that two-thirds of these economic...

This article uses cross-country data to explore the role of cultural attributes in the inequality of income distribution and poverty within countries. Using the Hofstede cultural dimensions, we found that individualism is negatively correlated with the Gini index and the poverty ratio. We also...

We study the effect of board gender diversity on executive and director equity-linked incentives. The provision of equity incentives to executives is costly for shareholders. We argue theoretically that the optimal compensation given to executives by a board with superior monitoring ability will...

This paper examines the impact of local competition and local firm market power on misconduct by analyzing the investment adviser market. The study is based on an extensive sample of more than 3.8 million employee-year observations of investment advisers resulting in 709,416 firm-county-year...

Despite broad progress in closing many dimensions of the gender gap around the globe, recent research has shown that traditional gender roles can still exert a large influence on female labor force participation, even in developed economies. This paper empirically analyzes the role of culture in...

Despite broad progress in closing many dimensions of the gender gap around the globe, recent research has shown that traditional gender roles can still exert a large influence on female labor force participation, even in developed economies. This paper empirically analyzes the role of culture in...