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Law Enforcement under Incomplete Law: Theory and Evidence from Financial Market Regulation

Pistor, Katharina; Xu, Cheng-Gang - C.E.P.R. Discussion Papers - 2003

the history of financial market regulation. …

Persistent link: https://www.econbiz.de/10005504579

Globalization, Credence Goods and International Civil Society

Krautheim, Sebastian; Verdier, Thierry - C.E.P.R. Discussion Papers - 2012

The process of globalization is characterized by an impressive growth in global value chains, as well as the … potential NGO emergence allows firms to capture gains from globalization, which would otherwise be unattainable. We show that … trade costs, would be better-off in a world without NGOs. In an extension we show that NGOs may also crowd out investment in …

Persistent link: https://www.econbiz.de/10011084080

Capital Mobility and the Output-Inflation Tradeoff

Loungani, Prakash; Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1997

A common feature for developing countries that have experienced a sharp drop in inflation without large output losses is the extensive use of capital controls. This study shows that capital controls significantly improve the sacrifice ratio. This element contributes to the explanation of small...

Persistent link: https://www.econbiz.de/10005123647

National Minimum Wages, Capital Mobility and Global Economic Growth

Irmen, Andreas; Wigger, Berthold - C.E.P.R. Discussion Papers - 2002

How do national minimum wages affect global economic growth? We address this question in a two-country endogenous growth model with capital mobility that emphasizes a link between wages, savings and growth. We identify the conditions on technology and national preferences that determine whether...

Persistent link: https://www.econbiz.de/10005124004

Agglomeration and Regional Growth

Baldwin, Richard; Martin, Philippe - C.E.P.R. Discussion Papers - 2003

We review the theoretical links between growth and agglomeration. Growth, in the form of innovation, can be at the origin of catastrophic spatial agglomeration in a cumulative process à la Myrdal. One of the surprising features of the Krugman (1991) model, was that the introduction of partial...

Persistent link: https://www.econbiz.de/10005124278

Agglomeration with Human and Physical Capital: an Analytically Solvable Case

Forslid, Rikard - C.E.P.R. Discussion Papers - 1999

This paper suggests a simple modification of the core-periphery model by Krugman (1991), which makes the model easy to solve analytically. We use the modified model to analyse the tendencies for geographical agglomeration of manufacturing industry as regions integrate economically. Two cases of...

Persistent link: https://www.econbiz.de/10005067355

Convergence in Growth Rates: The Role of Capital Mobility and International Taxation

Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 1993

We consider the role of capital mobility and international taxation in explaining the observed diversity in long-term income growth rates. Under perfect capital mobility, international differences in taxes will not matter for total growth differentials. Policy differences have a role to play in...

Persistent link: https://www.econbiz.de/10005067595

International Consumption Risk Sharing

Canova, Fabio; Ravn, Morten O - C.E.P.R. Discussion Papers - 1994

This paper examines whether or not consumption risk sharing occurs in a panel of industrialized countries. We derive the international consumption insurance proposition in a simple theoretical model and show how it should be modified in more complicated models. We analyse empirically the...

Persistent link: https://www.econbiz.de/10005067618

The 'New Keynesian' Phillips Curve: Closed Economy versus Open Economy

Razin, Assaf; Yuen, Chi-Wa - C.E.P.R. Discussion Papers - 2001

The Paper extends Woodford’s (2000) analysis of the closed economy Phillips curve to an open economy with both commodity trade and capital mobility. We show that consumption smoothing, which comes with the opening of the capital market, raises the degree of strategic complementarity among...

Persistent link: https://www.econbiz.de/10005497815

Taxation if Capital is Not Perfectly Mobile: Tax Competition versus Tax Exportation

Eijffinger, Sylvester C W; Wagner, Wolf - C.E.P.R. Discussion Papers - 2001

This Paper analyses the tax competition and tax exporting effect of financial integration. On the one hand, financial integration increases capital mobility and thus the incentive for countries to compete for capital. On the other hand, financial integration increases foreign ownership of firms...

Persistent link: https://www.econbiz.de/10005497904

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