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Globalization and the (mis)governance of nations

Blouin, Arthur; Ghosal, Sayantan; Mukand, Sharun - 2012

We analyze whether or not the globalization of capital, disciplines governments and improves governance. We demonstrate … that globalization affects governance, by increasing a country's vulnerability to sudden capital flight. This increased … threat of capital flight can discipline governments and improve governance and welfare by placing countries in a golden …

Persistent link: https://www.econbiz.de/10010280832

Does Energy Diversification Cause an Economic Slowdown? Evidence from a Newly Constructed Energy Diversification Index

Gozgor, Giray; Paramati, Sudharshan Reddy - 2021

Countries have made considerable efforts to diversify their energy sources from fossil fuels to renewables in the last two decades to achieve sustainable economic development. However, it is widely argued that the countries may experience sluggish economic development during the energy...

Persistent link: https://www.econbiz.de/10012657953

Science vs. Profit in Research. Lessons from the Human Genome Project

Carraro, Carlo; Pomè, Alessandra; Siniscalco, Domenico - 2001

This paper elaborates on the recent race to sequence the human genome. Starting from the debate on public vs. private research arising from the genome case, the paper shows that in some fundamental research areas, where knowledge externalities play an important role, market and non-market...

Persistent link: https://www.econbiz.de/10010315164

The dynamics of climate agreements

Harstad, Bård - 2010

I develop a dynamic model of private provision of public bads allowing investments in technologies. The analysis is tractable and the MPE unique. The framework is used to derive optimal incomplete contracts in a dynamic setting. While the noncooperative equilibrium is very inefficient,...

Persistent link: https://www.econbiz.de/10010274837

Globalization, economic freedom and human rights

Dreher, Axel; Gassebner, Martin; Siemers, Lars-H. R. - 2010

Using the KOF Index of Globalization and two indices of economic freedom, we empirically analyze whether globalization and economic liberalization affect governments' respect for human rights using a panel of 106 countries over the 1981-2004 period. According to our results, physical integrity...

Persistent link: https://www.econbiz.de/10010274933

Policy Coordination under Model Disagreement and Uncertainty

Hefeker, Carsten; Neugart, Michael - 2019

What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...

Persistent link: https://www.econbiz.de/10012018168

The dynamics of linking permit markets

Holtsmark, Katinka Kristine; Midttømme, Kristoffer - 2019

-cooperatively, and with endogenous technology we show there are gains from permit trade even if countries are identical. Linking the …

Persistent link: https://www.econbiz.de/10012018239

Tariffs and politics: evidence from Trump's trade wars

Fetzer, Thiemo René; Schwarz, Carlo - 2019

Are retaliatiory tariffs politically targeted and, if so, are they effective? Do countries designing a retaliation response face a trade-off between maximizing political targeting and mitigating domestic economic harm? We use the recent trade escalation between the US, China, the European Union...

Persistent link: https://www.econbiz.de/10012018244

The Euro Area's Common Pool Problem Revisited: Has the Single Supervisory Mechanism Ameliorated Forbearance and Evergreening

Steinkamp, Sven; Tornell, Aaron; Westermann, Frank - 2017

The Single Supervisory Mechanism was introduced to eliminate the common-pool problem and limit uncontrolled lending by national central banks (NCBs). We analyze its effectiveness. Second, we model how, by forbearing and providing refinancing credit, NCBs avoid domestic resolution costs and,...

Persistent link: https://www.econbiz.de/10011744976

Brexit - Balancing Trade and Mobility

Forslid, Rikard; Nyberg, Sten - 2017

Control over borders and access to the common market are key issues in the Brexit negotiations. We explore a sequential model, where the UK can commit to mobility, and the EU may constrain trade to dissuade future secession, or to punish the UK. The model highlights the importance of whether the...

Persistent link: https://www.econbiz.de/10011777583