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Public Safety and the Moral Dilemma in the Defense Against Terror
Franck, Raphael; Hillman, Arye L.; Krausz, Miriam - C.E.P.R. Discussion Papers - 2004
confronts supreme-value suicide terror. A moral dilemma then arises, since preemption may impose collective punishment, while …, in the absence of preemption, the population of intended victims is exposed to acts of terror. We consider how a … population of intended terror victims confronts the moral dilemma, and compare the threatened population’s response with the …
Persistent link: https://www.econbiz.de/10005124376
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Macroeconomic Consequences of Terror: Theory and the Case of Israel
Eckstein, Zvi; Tsiddon, Daniel - C.E.P.R. Discussion Papers - 2004
This Paper analyses the effect of terror on the economy. Terror endangers life such that the value of the future … relative to the present is reduced. Hence, due to a rise in terror activity, investment goes down, and in the long run income … and consumption go down as well. Governments can offset terror by putting tax revenues into the production of security …
Persistent link: https://www.econbiz.de/10005504271
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Globalization and the Rise of the Entrepreneurial Economy
Audretsch, David B; Sanders, Mark - C.E.P.R. Discussion Papers - 2007
This paper argues that globalization has led to a shift in developed countries from an industrial to an entrepreneurial model of production. Globalization is interpreted as a level shock in the supply of unskilled labor to the world economy, a decrease in the level of political risk associated...
Persistent link: https://www.econbiz.de/10005124127
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International Implications of German Unification
Sinn, Hans-Werner - C.E.P.R. Discussion Papers - 1996
This paper advances the hypothesis that the EMS crisis was caused by German unification. Unification stimulated massive resource demand, which paralleled resource demand in the United States following Reagan’s tax reforms in the 1980s. The resource demand revised German interest rates relative...
Persistent link: https://www.econbiz.de/10005124239
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On 'Indirect' Trade-Related R&D Spillovers
Lumenga-Neso, Olivier; Olarreaga, Marcelo; Schiff, Maurice - C.E.P.R. Discussion Papers - 2001
An influential literature argues that trade promotes knowledge flows and technology transmission between trading partners. This literature focuses on ‘direct’ R&D spillovers which are related to the levels of R&D produced by the trading partners. In this paper we argue that ‘indirect’...
Persistent link: https://www.econbiz.de/10005136780
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Global Income Divergence, Trade and Industrialization: The Geography of Growth Take-Offs
Baldwin, Richard; Martin, Philippe; Ottaviano, Gianmarco - C.E.P.R. Discussion Papers - 1998
This paper takes a modest step towards formalizing the theoretical interconnections among four post-Industrial-Revolution phenomena – the industrialization and growth take-off of rich ‘northern’ nations, massive global income divergence, and rapid trade expansion. Specifically, we present...
Persistent link: https://www.econbiz.de/10005498127
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Prices, Markups and Trade Reform
De Loecker, Jan; Goldberg, Pinelopi Koujianou; … - C.E.P.R. Discussion Papers - 2012
This paper examines how prices, markups and marginal costs respond to trade liberalization. We develop a framework to estimate markups from production data with multi-product firms. This approach does not require assumptions on the market structure or demand curves faced by firms, nor...
Persistent link: https://www.econbiz.de/10011083491
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The Future of International Liquidity and the Role of China
Taylor, Alan M. - C.E.P.R. Discussion Papers - 2013
This paper analyzes the consequences of the internationalization of the Chinese renminbi for the global monetary system and its possible ascension to reserve currency status. In an unstable and financially integrated world, governments’ precautionary demand for reserve assets is likely to...
Persistent link: https://www.econbiz.de/10011084193
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Trade Crisis? What Trade Crisis?
Behrens, Kristian; Corcos, Gregory; Mion, Giordano - C.E.P.R. Discussion Papers - 2010
We provide an analysis of the 2008-2009 trade collapse using microdata from a small open economy, Belgium. First, we find that changes in firm-country-product exports and imports occurred mostly at the intensive margin: the number of firms, the average number of destination and origin markets...
Persistent link: https://www.econbiz.de/10008466337
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North-South and South-South Trade-Related Technology Diffusion: An Industry Level Analysis
Olarreaga, Marcelo; Schiff, Maurice; Wang, Yanling - C.E.P.R. Discussion Papers - 2003
This Paper examines the impact on TFP of North-South and South-South trade-related R&D spillovers. It is the first, as far as we know, to do so at the industry level for developing countries. North-South and South-South R&D flows are constructed based on industry-specific R&D in the North,...
Persistent link: https://www.econbiz.de/10005656416