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Adam Smith's "Tolerable Administration of Justice" and the Wealth of Nations
Irwin, Douglas A. - 2014
In the Wealth of Nations, Adam Smith argues that a country's national income depends on its labor productivity, which in turn hinges on the division of labor. But why are some countries able to take advantage of the division of labor and become rich, while others fail to do so and remain poor?...
Persistent link: https://www.econbiz.de/10012458029
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Rule of Law, Democracy, Openness, and Income : Estimating the Interrelationships
Rigobon, Roberto - 2004
We estimate the interrelationships among economic institutions, political institutions, openness, and income levels, using identification through heteroskedasticity (IH). We split our cross-national dataset into two sub-samples: (i) colonies versus non-colonies; and (ii) continents aligned on an...
Persistent link: https://www.econbiz.de/10012467940
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Local Sectoral Specialization in a Warming World
Conte, Bruno - 2020
This paper quantitatively assesses the world's changing economic geography and sectoral specialization due to global …, carbon emissions, and temperature. The model is taken to the data at the 1° by 1° resolution for the entire world. Over a 200 … economic activity northwards to Siberia, Canada, and Scandinavia. Compared to a world without climate change, clusters of …
Persistent link: https://www.econbiz.de/10012482382
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Extending Industry Specialization through Cross-Border Acquisitions
Frésard, Laurent - 2016
We investigate the role of industry specialization in horizontal cross-border mergers and acquisitions. We find that acquirers from more specialized industries in a country are more likely to buy foreign targets in countries that are less specialized in these same industries. The role of...
Persistent link: https://www.econbiz.de/10012455832
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The Division of Labor in Teams : A Conceptual Framework and Application to Collaborations in Science
Häussler, Carolin - 2016
Even though teams have become the dominant mode of knowledge production, little is known regarding how they divide work among their members. Conceptualizing knowledge production as a process involving a number of functional activities, we first develop a conceptual framework to study the...
Persistent link: https://www.econbiz.de/10012456434
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Impacts of the Jones Act on U.S. Petroleum Markets
Kellogg, Ryan; Sweeney, Richard L. - National Bureau of Economic Research - 2023
We study how the Jones Act -- a 100-year-old U.S. regulation that constrains domestic waterborne shipping -- affects U.S. markets for crude oil and petroleum products. We collect data on U.S. Gulf Coast and East Coast fuel prices, movements, and consumption, and we estimate domestic non-Jones...
Persistent link: https://www.econbiz.de/10014447259
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International mobility and movement of capital
Machlup, Fritz (ed.); Salant, Walter S. (ed.);  … - 1972
Persistent link: https://www.econbiz.de/10000051725
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The Future of EMU : What Does the History of Monetary Unions Tell Us?
Bordo, Michael D. - 1999
The creation of EMU and the ECB has triggered a discussion of the future of EMU. Independent observers have pointed to a number of shortcomings or hazard areas' in the construction of EMU, such as the absence of a central lender of last resort function for EMU, the lack of a central authority...
Persistent link: https://www.econbiz.de/10012471419
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Import Diversion under European Antidumping Policy
Vandenbussche, Hylke - 1999
This paper is the first to study empirically the effects of European antidumping actions on import diversion from importers 'named' in an antidumping investigation, and potentially subject to protectionist measures, to countries not named' in the investigation. For this purpose we use a unique...
Persistent link: https://www.econbiz.de/10012471444
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Price Stability as a Target for Monetary Policy : Defining and Maintaining Price Stability
Svensson, Lars E.O. - 1999
This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...
Persistent link: https://www.econbiz.de/10012471507