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Export restrictions can be problematic if trading partners question either their conformity with international obligations or their possibly unintended negative impacts on others. Regulatory transparency can help. This paper examines how three multilateral environmental agreements (MEAs)...
Persistent link: https://www.econbiz.de/10009684779
The Sahel and the Sahara are faced with exceptional political instability involving a combination of rebellions, jihadist insurgencies, coups d’état, protest movements and illegal trafficking. The backdrop to this accumulated violence is a globalised security environment, which blurs the...
Persistent link: https://www.econbiz.de/10011730180
Persistent link: https://www.econbiz.de/10013553560
We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … and entry decisions in the context of international trade. When market entry costs are sunk, policy uncertainty can create … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is …
Persistent link: https://www.econbiz.de/10011083993
This paper examines future energy and emissions scenarios in China generated by the Integrated Assessment Model WITCH. A Business-as-Usual scenario is compared with five scenarios in which Greenhouse Gases emissions are taxed, at different levels. The elasticity of China’s emissions is...
Persistent link: https://www.econbiz.de/10011084331
The official intention of the UNESCO World Heritage List is to protect the global heritage. However, the existing List is highly imbalanced according to countries and continents. Historical reasons, such as historical GDP, population, and number of years of high civilization, have a significant...
Persistent link: https://www.econbiz.de/10009738621
considered. First, the need for a change in the economic policy concerning the recovery, from a supply-push to a demand …-pull orientation, supported on a fiscal and monetary policy mix, integrated within a comprehensive macroeconomic approach. Second, we … examine the need for a shift in external relations towards a more global integration-oriented policy, with the euro area …
Persistent link: https://www.econbiz.de/10012664767
We use changes in Brazil's tax on capital inflows from 2006 to 2011 to test for direct portfolio effects and externalities from capital controls on investor portfolios. The analysis is structured based on information from investor interviews. We find that an increase in Brazil's tax on foreign...
Persistent link: https://www.econbiz.de/10009579243
and Spain, indulged in excessive deficit spending, financially deregulated, and rapidly expanded credit. Policy responses …
Persistent link: https://www.econbiz.de/10009767592
This paper considers the primary challenges faced by the Eurozone and caused by the 2008+ crisis. It suggests that one should distinguish among institutional, conceptual (model/paradigm) and real economic challenges. As a factor that influences progress in other areas, the latter topic is a...
Persistent link: https://www.econbiz.de/10010228482