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history and economic theory both provide ample grounds for anticipating that advanced stages of economic globalization would … populist politicians highlight. The first has been predominant in Latin America, and the second in Europe. I argue that these … different reactions are related to the relative salience of different types of globalization shocks …
Persistent link: https://www.econbiz.de/10012455123
EU countries closely regulate pharmaceutical prices whereas the U.S. does not. This paper shows how price constraints affect the profitability, stock returns, and R&D spending of EU and U.S. firms. Compared to EU firms, U.S. firms are more profitable, earn higher stock returns, and spend more on...
Persistent link: https://www.econbiz.de/10012465985
planner regulates private (possibly discriminatory) actors building algorithms. Optimal regulation depends crucially on the …
Persistent link: https://www.econbiz.de/10012481694
This paper analyzes the relationship between postmarketing promotional activity and reporting of adverse drug events by modeling the interaction between a welfare maximizing regulator (the FDA) and a profit maximizing firm. In our analysis demand is sensitive to both promotion and regulatory...
Persistent link: https://www.econbiz.de/10012464015
traditionally left to competing provincial securities commissions. The current state of securities regulation renders impotent US … federal securities regulation models are weighted in light of the current state of their needed complementary institutions …
Persistent link: https://www.econbiz.de/10012462099
Persistent link: https://www.econbiz.de/10002545132
Persistent link: https://www.econbiz.de/10001465257
In this paper I analyze the role of openness and globalization in Latin America's economic development. The paper is …
Persistent link: https://www.econbiz.de/10012464617
globalization? Why was industrialization so weak? Why was inequality on the rise? This paper offers an answer to these questions. It … massive de-globalization during the decades of lost growth' between the 1820s and the 1870s. Next, it documents what happened … World War I, while it fell thereafter. The correlation between globalization and inequality is likely to have been causal …
Persistent link: https://www.econbiz.de/10012469011
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on … dimensions of inequality, and developing new methodologies to capture the many facets of globalization's relationship to … that focus on distinct aspects of globalization's relationship to inequality …
Persistent link: https://www.econbiz.de/10014322846