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The development of Abu Dhabi and Dubai during past years seems breathtaking. Both emirates pursue a strategy of diversifying their economic structure and thus of becoming less dependent on oil and gas. The obvious goal is to secure their prosperity for an era beyond oil. Diversification is a...
Persistent link: https://www.econbiz.de/10011109131
In February 1931, Getúlio Vargas delivered a well known speech in Belo Horizonte and made then one of his most important public interventions in the Brazilian steel-making debate. This speech made fortune in the historiography, above all for its incisive statement in favor of a national...
Persistent link: https://www.econbiz.de/10011114237
This paper provides an integrated analysis of the role of the service sector in recent Indian economic development. It discusses the nature of services, their distinction from products, and their categorization. It provides an overview of India’s overall growth experience, and a detailed...
Persistent link: https://www.econbiz.de/10005786966
In this study, we use firm-level data from the 1993 National Survey of Small Business Finances to test the hypothesis that banking consolidation has reduced the availability of credit to small businesses. We find that banks in markets where mergers have occurred are more likely than other banks...
Persistent link: https://www.econbiz.de/10005836119
In this study, we examine unsuccessful takeover attempts for new evidence on whether mergers create or destroy value … literature on signaling by investigating whether a takeover attempt signals investors about the quality of firm management as … partially, but not completely, reversed by termination announcement returns, evidence that the merger proposal itself contains …
Persistent link: https://www.econbiz.de/10005837001
We construct a two-sector endogenous growth model to examine the role of government in industrialization. Three main … passage of time and will stay at a level of balanced growth path in the long run and (c) as the industrialization progresses …
Persistent link: https://www.econbiz.de/10008727900
Constructs and analyzes an index of industrial Production for Hungary between 1830-1913.
Persistent link: https://www.econbiz.de/10005403922
During the past two decades, the “Washington Consensus” has been the dominant recipe for unleashing economic growth in developing countries. In view of the strong criticism mounted against it, it seems to have lost prominence recently. The success of the East Asian newly industrialized...
Persistent link: https://www.econbiz.de/10011260809
This paper analyzes economic policies in resource rich countries and various mechanisms of resource curse leading to a potentially inefficient use of resources. Arguments are provided in favor of "conditional resource curse" hypothesis: resource abundance hampers growth if institutions of a...
Persistent link: https://www.econbiz.de/10008596373
Nowadays high profile merger cases are becoming quite important and are taken as milestones of legal systems that … of the decisions made by the European Commission, as well as, the US Department of Justice in the merger case of two … competitive effects produced by such possible merger and the possible solutions in case of anticompetitive outcomes. The …
Persistent link: https://www.econbiz.de/10008919760