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The Empirics of China's Outward Direct Investment

Cheung, Yin-Wong - 2013

We investigate the empirical determinants of China's outward direct investment (ODI). It is found that China's investments in developed and developing countries are driven by different sets of factors. Subject to the differences between developed and developing countries, there is evidence that...

Persistent link: https://www.econbiz.de/10013095995

Making World Heritage Truly Global : The Culture Certificate Scheme

Frey, Bruno S. - 2014

Culture has attributes of a global public good that needs to be preserved for mankind as a whole. World Culture … Certificates are proposed to efficiently preserve World Heritage. The community of nations has to agree on the Global Heritage List … and how much each nation is to contribute to that purpose. Each World Heritage site conserved is acknowledged through the …

Persistent link: https://www.econbiz.de/10013070880

Aleatoric Democracy

Frey, Bruno S. - 2017

Democracy usually is identified by the right to vote. However, in recent times voting procedures have been criticized, as they seemingly do not guarantee that all parts of the population have an adequate voice in the established political process. We suggest invigorating an old but nearly...

Persistent link: https://www.econbiz.de/10012964771

China's Current Account and Exchange Rate

Cheung, Yin-Wong - 2013

predicted by estimates based upon a cross-country sample, when using the 2006 vintage of the World Development Indicators. The …

Persistent link: https://www.econbiz.de/10012753166

World Heritage : Where are We? An Empirical Analysis

Frey, Bruno S.; Pamini, Paolo - 2021

An empirical overview of the UNESCO World Heritage List according to various characteristics is presented. The … officially stated intention of the World Heritage List is to protect global heritage. Our focus is on the imbalance of the … considered “balanced” from different points of view. It turns out that the World Heritage List is unbalanced with respect to a …

Persistent link: https://www.econbiz.de/10013316269

Do Rankings Reflect Research Quality?

Frey, Bruno S.; Rost, Katja - 2021

Publication and citation rankings have become major indicators of the scientific worth of universities and countries, and determine to a large extent the career of individual scholars. We argue that such rankings do not effectively measure research quality, which should be the essence of...

Persistent link: https://www.econbiz.de/10013316452

The Growth Effect of Democracy : Is It Heterogenous and How Can it Be Estimated?

Persson, Torsten; Tabellini, Guido - 2021

We estimate the effect of political regime transitions on growth with semi-parametric methods, combining difference in differences with matching, that have not been used in macroeconomic settings. Our semi-parametric estimates suggest that previous parametric estimates may have seriously...

Persistent link: https://www.econbiz.de/10013317020

Dissecting the PPP Puzzle : The Unconventional Roles of Nominal Exchange Rate and Price Adjustments

Cheung, Yin-Wong; Lai, Kon S.; Bergman, U. Michael - 2021

The conventional view, as expounded by sticky-price models, is that price adjustment determines the PPP reversion rate. This study examines the mechanism by which PPP deviations are corrected. Nominal exchange rate adjustment, not price adjustment, is shown to be the key engine governing the...

Persistent link: https://www.econbiz.de/10013319983

World Heritage List : Does it Make Sense?

Frey, Bruno S. - 2010

The UNESCO World Heritage List contains the 900 most treasured Sites of humanity's culture and landscapes. The World …

Persistent link: https://www.econbiz.de/10013142233

A Cross-Country Empirical Analysis of International Reserves

Cheung, Yin-Wong - 2013

Using data from more than 100 economies for the period of 1975 to 2005, we conduct an extensive empirical analysis of the determinants of international reserve holdings. Four groups of determinants, namely, traditional macro variables, financial variables, institutional variables, and dummy...

Persistent link: https://www.econbiz.de/10013095899