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Testing the General Validity of the Heckscher-Ohlin Theorem: The Natural Experiment of Japan

Bernhofen, Daniel M.; Brown, John C. - CESifo - 2011

We exploit Japan’s 19th century move from autarky to free trade to provide the first test of the general validity of the price formulation of the Heckscher-Ohlin theorem. In this formulation a country’s autarky factor price vector imposes a single refutable prediction on the economy’s...

Persistent link: https://www.econbiz.de/10009320784

A Factor Augmentation Formulation of the Value of International Trade

Bernhofen, Daniel M.; Brown, John C. - CESifo - 2012

We propose a normative assessment of the value of international trade that is rooted in production theory and embeds Ricardo’s 1817 formulation of the gains from trade into a multi-factor general equilibrium framework. Without imposing strong assumptions on consumer rationality or data from...

Persistent link: https://www.econbiz.de/10010555698

Happiness and Financial Satisfaction in Israel. Effects of Religiosity, Ethnicity, and War

Praag, Bernard M.S. Van; Romanov, Dmitri; … - CESifo - 2010

the impact of the religions Judaism, Islam and Christianity, where we are able to differentiate between individuals who …

Persistent link: https://www.econbiz.de/10008671691

One Hundred Years of Oil Income and the Iranian Economy: A Curse or a Blessing?

Mohaddes, Kamiar; Pesaran, M. Hashem - CESifo - 2013

This paper examines the impact of oil revenues on the Iranian economy over the past hundred years, spanning the period 1908-2010. It is shown that although oil has been produced in Iran over a very long period, its importance in the Iranian economy was relatively small up until the early 1960s....

Persistent link: https://www.econbiz.de/10010627558

'By a Silken Thread': Regional Banking Integration and Pathways to Financial Development in Japan's Great Recession

Hoffmann, Mathias; Okubo, Toshihiro - CESifo - 2013

How do financial development and financial integration interact? We focus on Japan’s Great Recession after 1990 to study this question. Regional differences in banking integration affected how the recession spread across the country: financing frictions for credit-dependent firms were more...

Persistent link: https://www.econbiz.de/10010607005

The Female Vote and the Rise of AKP in Turkey

Fidrmuc, Jan; Tunali, Cigdem Börke - CESifo - 2015

Differences between the voting behavior of men and women have become one of the most significant issues in social science research in recent years. In this study, we examine whether there is gender gap in voting behavior in Turkey. Using European Social Survey data, we find that education level...

Persistent link: https://www.econbiz.de/10011194239

Democracy and Countries with Muslim Majorities: A Reply and Update

Potrafke, Niklas - CESifo - 2012

democratic. Hanusch takes issue with my results – and by inference with all past empirical results on the relation between Islam …. He establishes his conclusion by excluding the heartland of Islam from the estimation sample. For his estimates, Hanusch … in the heartland of Islam. …

Persistent link: https://www.econbiz.de/10010598912

Employment in the Public Sector

Forni, Lorenzo; Giordano, Raffaela - CESifo - 2003

This paper presents a model of wage-employment determination in private and public sectors, which allows us to analyze the effects of different institutional arrangements on labor market equilibria. In particular, it focuses on how different degrees of coordination in decision processes affect...

Persistent link: https://www.econbiz.de/10005406169

One Size Fits All? Decentralization, Corruption, and the Monitoring of Bureaucrats

Lessmann, Christian; Markwardt, Gunther - CESifo - 2009

The majority of theoretical and empirical studies on the relationship between decentralization and corruption argues …-country data, we analyze the relationship between decentralization and corruption taking different degrees of the freedom of the … press into account. Our main finding is that decentralization counteracts corruption in countries with high degrees of press …

Persistent link: https://www.econbiz.de/10004979408

Vertical Effects of Fiscal Rules - The Swiss Experience

Burret, Heiko T.; Feld, Lars P. - CESifo - 2014

) provides little evidence that budget constraints at the cantonal level affect municipal finances and fiscal decentralization …

Persistent link: https://www.econbiz.de/10010948867