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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

Public Attention and Environmental Action: Evidence from Fires in the Amazon

Araujo, Rafael; Costa, Francisco; Garg, Teevrat - 2022

International agreements to reduce anthropogenic environmental disasters rely on public pressure driving local action. We study whether focused media and increased public outcry can drive local environmental action, reducing environmental damage. Although an annual affair, forest fires in the...

Persistent link: https://www.econbiz.de/10013427683

The Economic Approach to Political Borders

Spolaore, Enrico - 2022

This paper overviews theoretical and empirical contributions that study political borders from an economic perspective. It reviews theories of the number and size of nations focused on the trade-off between economies of scale in public-good provision and heterogeneity of preferences over public...

Persistent link: https://www.econbiz.de/10014290075

The Global Minimum Tax Raises More Revenues than You Think, or Much Less

Janeba, Eckhard; Schjelderup, Guttorm - 2023

The OECD's proposal for a global minimum tax (GMT) of 15% aims for a reversal of a decline of corporate tax rates. We study the revenue eﬀects of the GMT by focusing on strategic tax setting eﬀects. The direct eﬀect from less proﬁt shifting increases revenues in high-tax countries. A...

Persistent link: https://www.econbiz.de/10014290228

The Economics of the Global Minimum Tax

Schjelderup, Guttorm; Stähler, Frank - 2023

This paper shows that the OECD inclusive framework of Pillar Two fails to implement the claimed 15% minimum corporate tax for subsidiaries of multinational corporations. The reason is that the Substance-based Income Exclusion of Pillar Two allows to tax-deduct payroll costs and user costs of...

Persistent link: https://www.econbiz.de/10014290229

Property Rights to the World's (Linear) Ocean Fisheries in Customary International Law

Barrett, Scott - 2023

I model the ocean as an array of lines set within a two-dimensional frame, and show how the Exclusive Economic Zone emerged as an equilibrium in customary international law. I find that custom codifies the efficient Nash equilibrium of enclosure for nearshore fisheries. For highly migratory and...

Persistent link: https://www.econbiz.de/10014377541

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