Showing 1 - 10 of 81
This paper investigates the relationship between outward foreign direct investment (FDI) and both exports and imports … overseas investments substitute for exports in chemicals products and for both exports and imports in general machinery. … deal with the problem of zero trade flows when estimating a gravity equation, we show that the complementary relationship …
Persistent link: https://www.econbiz.de/10010899357
The paper assesses the trade-creating impact of foreign-born residents on the international imports and exports of the … immigrants is the most valuable, immigration enhances imports regardless of the quality of institutions in the partner country … French regions where they are settled. The pro-trade effect of immigrants is investigated along two intertwined dimensions …
Persistent link: https://www.econbiz.de/10010738730
is large, the less the distance is an obstacle to trade. …
Persistent link: https://www.econbiz.de/10008790304
is large, the less the distance is an obstacle to trade. …
Persistent link: https://www.econbiz.de/10008793923
this sector have the ability to deliver cement either from domestic plants or from imports. Since cement is costly to … transport via land, the difference in marginal cost between local production and imports varies across local markets. The … marginal cost of imports is lower in areas with access to a sea port, decreasing the relative value of investing in local …
Persistent link: https://www.econbiz.de/10008793774
Douglass North, along with Ronald Coase and Oliver Williamson, transformed the early intuitions of new institutional economics into powerful conceptual and analytical tools that spawned a robust base of empirical research. NIE arose in response to questions not well explained by standard...
Persistent link: https://www.econbiz.de/10010930236
In this paper, I focus on the extension of transaction costs to appropriative activity and coercive power in the property rights approach. It has been argued that including the costs of appropriation and violent enforcement in transaction costs is based on the assumption that Coaseian bargaining...
Persistent link: https://www.econbiz.de/10009328154
New Institutional Economics, based on the Coasean comparative approach, offers a highly useful framework for research on environmental problems. We propose a tentative analytic framework for environmental problems and we try its heuristic power by first applying it to the Poitou-Charentes...
Persistent link: https://www.econbiz.de/10009401080
In this paper we deal with a utility maximization problem at finite horizon on a continuous-time market with conical (and time varying) constraints (particularly suited to model a currency market with proportional transaction costs). In particular, we extend the results in Campi and Owen (2011)...
Persistent link: https://www.econbiz.de/10009643221
The central message conveyed in this chapter is that there is a whole class of economic organizations that contribute substantially to what Coase (1992) called "the institutional structure of production". These arrangements fall neither under pure market relationships nor within 'firm...
Persistent link: https://www.econbiz.de/10010750977