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. In this paper, we review the evolution of business regulation in Hong Kong, analyze the salient features of its scheme of … control regulation and evaluate the impact of transition from regulation to competition. To provide a sharp contrast between … the difficulties of the traditional approach to regulation and the benefits of introducing competition, we focus on the …
Persistent link: https://www.econbiz.de/10012472483
Telecommunications regulation in the U.S. is replete with a system of subsidies and taxes. Because of budgetary …
Persistent link: https://www.econbiz.de/10012472551
In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and constructs an expected growth factor that yields...
Persistent link: https://www.econbiz.de/10012453011
This paper documents and assesses the significance of the policy changes in China that WTO accession implies in 3 key service categories (banking, insurance, and telecoms), asking whether it is likely they will really be fully implemented in their entirety as undertaken at signature in 2002....
Persistent link: https://www.econbiz.de/10012468551
' incentives to differentiate their services should shape the policy debate for competitive local telecommunications …
Persistent link: https://www.econbiz.de/10012468937
Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and power shifts. Using a rational-expectations model, we show cycles result from governments' inability to commit to future taxes and firms' inability to credibly exit a country...
Persistent link: https://www.econbiz.de/10012456256
The returns to schooling and the skill premium are key parameters in various fields and policy debates, including the literatures on globalization and inequality, international migration, and technological change. This paper explores the skill premium and its correlation with exports in Latin...
Persistent link: https://www.econbiz.de/10012462657
Bolivia are presented to confront usual presumptions against actual experience. Contrary to conventional wisdom, the … most uniform and non-discretionary cases (Kenya and Bolivia) were clear failures. The paradox is explained in terms of …
Persistent link: https://www.econbiz.de/10012474373
introduction of its auction, the Bolsin, not only did the parallel market premium for dollars all but disappear in Bolivia, but the …
Persistent link: https://www.econbiz.de/10012475328