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Porta, Rafael La - 2000

In this paper, we investigate a neglected aspect of financial systems of many countries around the world: government … around the world. Second, such ownership is particularly significant in countries with low levels of per capita income …

Persistent link: https://www.econbiz.de/10012471151

Investor Protection : Origins, Consequences, and Reform

Porta, Rafael La - 1999

Recent research has documented large differences between countries in ownership concentration in publicly traded firms, in the breadth and depth of capital markets, in dividend policies, and in the access of firms to external finance. We suggest that there is a common element to the explanations...

Persistent link: https://www.econbiz.de/10012471353

Investor Protection and Corporate Valuation

Porta, Rafael La - 1999

We present a model of the effects of legal protection of minority shareholders and of cash flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a sample of 371 large firms from 27 wealthy economies. Consistent with the model, we find evidence of...

Persistent link: https://www.econbiz.de/10012471382

COVID-19 Time-varying Reproduction Numbers Worldwide : An Empirical Analysis of Mandatory and Voluntary Social Distancing

Chudik, Alexander; Pesaran, M. Hashem; Rebucci, Alessandro - National Bureau of Economic Research - 2021

This paper estimates time-varying COVID-19 reproduction numbers worldwide solely based on the number of reported infected cases, allowing for under-reporting. Estimation is based on a moment condition that can be derived from an agent-based stochastic network model of COVID-19 transmission. The...

Persistent link: https://www.econbiz.de/10012510508

Long-Term Macroeconomic Effects of Climate Change : A Cross-Country Analysis

Kahn, Matthew E. - 2019

world real GDP per capita by 7.22 percent by 2100. On the other hand, abiding by the Paris Agreement, thereby limiting the …

Persistent link: https://www.econbiz.de/10012480113

Foreign Affiliate Sales and Trade in Both Goods and Services

Li, Chunding - 2010

(1994) and the GATS there is an incompatibility between measures of world trade in goods and services. Measures of goods …

Persistent link: https://www.econbiz.de/10012462384

The Potential Global and Developing Country Impacts of Alternative Emission Cuts and Accompanying Mechanisms for the Post Copenhagen Process

Tian, Huifang - 2010

We report numerical simulation results using a multiyear global multi country modeling framework which we use to assess the impacts of alternative emissions cuts which will likely come under consideration for the process to follow the December 2009 UNFCCC negotiation in Copenhagen. The...

Persistent link: https://www.econbiz.de/10012462565

How Large are the Impacts of Carbon Motivated Border Tax Adjustments

Dong, Yan - 2009

increases, and other country's production decreases compared with the case of no BTAs. With the contraction of world trade flows … caused by the financial crisis, carbon motivated BTAs offer a prospect of a compounding effect in a world which is going …This paper discusses the size of impact of carbon motivated border tax adjustments on world trade. We report numerical …

Persistent link: https://www.econbiz.de/10012463037

Unilateral Measures and Emissions Mitigation

Chatterji, Shurojit - 2009

We discuss global climate mitigation that builds on existing unilateral measures to cut emissions. We document and discuss the rationale for such unilateral measures argue that such measures have the potential to generate positive spillover effects both within and across countries. In a simple...

Persistent link: https://www.econbiz.de/10012463208

Global Financial Structure and Climate Change

Whalley, John - 2009

This paper analyzes the medium to long-term implications of global warming for the evolution of global financial structures. Stern (2007) and other related scientific literature reports that greenhouse gas emissions generated by human activities will very possibly lead to global temperature...

Persistent link: https://www.econbiz.de/10012463760