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The Geography of Development: Evaluating Migration Restrictions and Coastal Flooding
Desmet, Klaus; Nagy, David Krisztián; Rossi-Hansberg, … - C.E.P.R. Discussion Papers - 2015
different levels of migration frictions. We bring the model to the data for the whole world economy at a 1º times 1º geographic … resolution. We then use the model to quantify the gains from relaxing migration restrictions as well as to describe the evolution … of the distribution of economic activity in the different migration scenarios. Our results indicate that fully …
Persistent link: https://www.econbiz.de/10011252617
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Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment
Karlan, Dean S.; Zinman, Jonathan - C.E.P.R. Discussion Papers - 2007
Information asymmetries are important in theory but difficult to identify in practice. We estimate the presence and importance of adverse selection and moral hazard in a consumer credit market using a new field experiment methodology. We randomized 58,000 direct mail offers issued by a major...
Persistent link: https://www.econbiz.de/10005497798
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The Determinants of Cross-Border Equity Flows
Portes, Richard; Rey, Hélène - C.E.P.R. Discussion Papers - 1999
We apply a new approach to a new panel data set on bilateral gross cross-border equity flows between 14 countries, 1989-96. The remarkably good results have strong implications for theories of asset trade. We find that the geography of information heavily determines the pattern of international...
Persistent link: https://www.econbiz.de/10005067617
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Sovereigns, Upstream Capital Flows, and Global Imbalances
Alfaro, Laura; Kalemli-Ozcan, Sebnem; Volosovych, Vadym - C.E.P.R. Discussion Papers - 2011
The paper presents new stylized facts on the direction of capital flows. We find (i) international capital flows net of government debt and/or official aid are positively correlated with growth; (ii) sovereign debt flows are negatively correlated with growth only if debt is financed by another...
Persistent link: https://www.econbiz.de/10009364326
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Developing Economies and International Investors: Do Investment Promotion Agencies Bring Them Together?
Harding, Torfinn; Javorcik, Beata - C.E.P.R. Discussion Papers - 2007
Many countries spend significant resources on investment promotion agencies (IPAs) in the hope of attracting inflows of foreign direct investment (FDI). Despite the importance of this question for public policy choices, little is known about the effectiveness of investment promotion efforts....
Persistent link: https://www.econbiz.de/10005792163
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A Dual Policy Paradox: Why Have Trade and Immigration Policies Always Differed in Labour-Scarce Economies?
Hatton, Timothy J.; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2006
the evolution of policy: the decline in the costs of migration and its impact on immigrant selectivity, a secular switch … explanations for the between-country variance in voter anti-trade and anti-migration attitude, and links this to the fundamentals …
Persistent link: https://www.econbiz.de/10005114287
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The Brain Gain of Corporate Boards: A Natural Experiment from China
Giannetti, Mariassunta; Liao, Guanmin; Yu, Xiaoyun - C.E.P.R. Discussion Papers - 2012
through labor flows and, in particular, return migration. …
Persistent link: https://www.econbiz.de/10011084604
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Capital Export, Unemployment, and Illegal Immigration
Schulze, Gunther G - C.E.P.R. Discussion Papers - 1996
This paper analyses capital export controls under majority voting. It is shown that individuals vote according to their factor endowment ratio. An individual’s optimal restriction is tighter, the lower their capital-labour ratio and the larger the country; it is also tighter if unemployment...
Persistent link: https://www.econbiz.de/10005656256
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FDI, Infrastructure and the Welfare Effects of Labour Migration
Barry, Frank - C.E.P.R. Discussion Papers - 2002
mobility and increasing returns in production. Migration decisions are based on the relative attractiveness of regions in terms …
Persistent link: https://www.econbiz.de/10005662366
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Seasonal Migration and Risk Aversion
Bryan, Gharad; Chowdhury, Shyamal; Mobarak, Ahmed Mushfiq - C.E.P.R. Discussion Papers - 2012
after the incentive is removed. The migration rate is 10 percentage points higher in treatment areas a year later, and three … re-migration, and by conducting a new experiment with a migration insurance treatment. We document several pieces of …
Persistent link: https://www.econbiz.de/10011083312