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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

An Unemployment Insurance Scheme for the Euro Area? A Comparison of Different Alternatives Using Micro Data

Dolls, Mathias; Fuest, Clemens; Neumann, Dirk; Peichl, … - 2015

We analyze different options for the design of a common unemployment insurance system for the euro area (EA). We assess their effectiveness to act as an insurance device in the presence of asymmetric macroeconomic shocks. Running counterfactual simulations based on micro data for the period...

Persistent link: https://www.econbiz.de/10011388255

Buy coal! Deposit markets prevent carbon leakage

Harstad, Bård - 2010

If a coalition of countries implements climate policies, nonparticipants tend to consume more, pollute more, and invest too little in renewable energy sources. In response, the coalition's equilibrium policy distorts trade and it is not time consistent. By adding a market for the right to...

Persistent link: https://www.econbiz.de/10010326729

Non-cooperative and Cooperative Policy Reforms under Uncertainty and Spillovers

Hefeker, Carsten; Neugart, Michael - 2017

When countries need to implement costly economic policy reforms, these often imply uncertainties about their effectiveness for the home country and their spillovers to other countries. We develop a model to show that under these circumstances countries implement too few or too many policy...

Persistent link: https://www.econbiz.de/10011615884

Memorable Encounters? Own and Neighbours' Experience with IMF Conditionality and IMF Stigma

Andone, Irina; Scheubel, Beatrice D. - 2017

While the consequences and effectiveness of IMF conditionality have long been the focus of research, the possible negative impact of IMF conditionality on countries’ willingness to ask for an IMF programme - often termed ‘IMF stigma’ - has recently received attention particularly from...

Persistent link: https://www.econbiz.de/10011657120

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

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