Showing 1 - 10 of 159
This paper investigates a hitherto unexplored rationale for firms to enter into joint ventures. We model risky projects with autocorrelated productivity shocks as creating an option value of investing over time so that later investments benefit from the information revealed by the realization of...
Persistent link: https://www.econbiz.de/10008468544
The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a … another: monetary union appears easy to recommend for Sweden and Denmark, much less so for Canada and the UK. …
Persistent link: https://www.econbiz.de/10005789208
In this Paper, we provide a case study of the impact of globalization on income inequality using data across Chinese … demonstrate a greater decline in urban-rural income inequality. Thus, globalization has helped to reduce, rather than increase …, the urban-rural income inequality. This pattern in the data suggests that inferences based solely on China's national …
Persistent link: https://www.econbiz.de/10005124080
In 2009, the United States imposed additional tariffs for a three-year period on imports of automotive tires from China … under a special-safeguard provision included in China’s Protocol of Accession to the WTO. China challenged the measure in … in which an accession protocol was used successfully as a defense; and the first that China lost as a complaining party …
Persistent link: https://www.econbiz.de/10011083656
period 1550–1630. We add evidence from Japan and China from the early modern period until 1800 to obtain a human capital …
Persistent link: https://www.econbiz.de/10011083906
exercise in fiscal rectitude of the 1980s and focusing on its two most extreme cases, Denmark and Ireland. We find that at …
Persistent link: https://www.econbiz.de/10005281347
We analyze temporary trade barriers (TTB) in Canada in 1989-2009. We find that, despite the retreat in TTB stocks in … sectors with relatively small reductions of MFN tariffs. China and, to a lesser extent, other developing countries are being …
Persistent link: https://www.econbiz.de/10009643511
Political risk is widely present in developing but also in developed countries, and stems from a variety of sources. The objective of this paper is twofold. First, we develop a theoretical model to investigate the impact of political risk on irreversible investment. Second, we apply our model to...
Persistent link: https://www.econbiz.de/10005114366
in market share, Nordic producer prices decrease by about 2.0%. This China effect entails a drop of 14% in producer …
Persistent link: https://www.econbiz.de/10009275961
evolution of intra-German trade flows after reunification then provides new insights for both the globalization and border …
Persistent link: https://www.econbiz.de/10008496456