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Family Ties
Alesina, Alberto - 2013
, constructed from the World Values Survey, to review and extend the literature on the effect of family ties on economic behavior …
Persistent link: https://www.econbiz.de/10012459696
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Competition Laws, Governance, and Firm Value
Levine, Ross; Chen, Lin; Xie, Wensi - National Bureau of Economic Research - 2021
Do antitrust laws influence corporate valuations? We evaluate the relationship between firm value and laws limiting firms from engaging in anticompetitive agreements, abusing dominant positions, and conducting M&As that restrict competition. Using firm-level data from 99 countries over the...
Persistent link: https://www.econbiz.de/10012585392
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International Trade Aspects of Competition Policy
Nagaoka, Sadao - 1998
Recently competition policy has become an important trade policy issue, since many policy makers now see competition policy as an important instrument to secure market access' to foreign markets. This paper analyzes this issue both from a theoretical point of view and from the review of the...
Persistent link: https://www.econbiz.de/10012472092
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Competition Policy and International Trade
Levinsohn, James - 1994
-trust) policy and international trade. While recent advances in international trade theory have borrowed heavily from the industrial … organization literature, this work has a schizophrenic quality to it. One of the insights that motivated the new trade theory was … competition between firms. While trade theorists have borrowed heavily from the theory of industrial organization, they seem to …
Persistent link: https://www.econbiz.de/10012473927
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Financial development and growth in the short and long run
Fisman, Raymond - 2004
"We analyze the relationship between financial development and inter-industry resource allocation in the short- and long-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources to industries with a 'natural' reliance on...
Persistent link: https://www.econbiz.de/10010523015
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On the Gains to International Trade in Risky Financial Assets
Davis, Steven J. - 2000
This paper develops and implements a framework for quantifying the gains to international trade in risky financial assets. The framework can handle may agents, many assets, incomplete markets and limited participation in asset markets. It delivers closed-form analytic solutions for consumption,...
Persistent link: https://www.econbiz.de/10012470954
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Country Portfolios
Kraay, Aart - 2000
How do countries hold their financial wealth? We construct a new database of countries' claims on capital located at home and abroad, and international borrowing and lending, covering 68 countries from 1966 to 1997. We find that a small amount of capital flows from rich countries to poor...
Persistent link: https://www.econbiz.de/10012470955
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Natural Openness and Good Government
Wei, Shang-Jin - 2000
This paper offers a new interpretation of the connection between openness and good governance. Assuming that corruption and bad governance drive out international trade and investment more than domestic trade and investment, a naturally more open economy' as determined by its size and geography...
Persistent link: https://www.econbiz.de/10012470985
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Determinants of Long-Term Growth : A Bayesian Averaging of Classical Estimates (BACE) Approach
Doppelhofer, Gernot - 2000
This paper examines the robustness of explanatory variables in cross-country economic growth regressions. It employs a novel approach, Bayesian Averaging of Classical Estimates (BACE), which constructs estimates as a weighted average of OLS estimates for every possible combination of included...
Persistent link: https://www.econbiz.de/10012471000
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Behavioral and Distributional Effects of Environmental Policy Introduction
Carraro, Carlo - 2000
Persistent link: https://www.econbiz.de/10012471119