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Human Capital and the Feldstein-Horioka Puzzle
Katsimi, Margarita - 2007
In this paper we reexamine the Feldstein-Horioka finding of limited international capital mobility by using a broader view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to this change
Persistent link: https://www.econbiz.de/10012777642
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At Your Service! The Role of Tax Havens in International Trade with Services
Hebous, Shafik - 2015
This paper documents that tax havens play a prominent role in international service trade and investigates the nature of this role. We employ a firm-level dataset with detailed information about service trade and foreign affiliates for virtually all multinational firms in Germany, which allows...
Persistent link: https://www.econbiz.de/10013019849
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International Trade and Transnational Insecurity : How Comparative Advantage and Power are Jointly Determined
Garfinkel, Michelle R.; Skaperdas, Stergios; … - 2021
stronger tendency for arming incentives to be equalized and thus for a “leveling of the playing field.” Depending on world …. And, where such conflict is present, comparisons of autarkic prices to world prices could be inaccurate predictors of …
Persistent link: https://www.econbiz.de/10013316359
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Restrictive Immigration Policy in Germany : Pains and Gains Foregone?
Felbermayr, Gabriel J.; Geis, Wido; Kohler, Wilhelm - 2021
Many European countries restrict immigration from new EU member countries. The rationale is to avoid adverse wage and employment effects. We quantify these effects for Germany. Following Borjas (2003), we estimate a structural model of labor demand, based on elasticities of substitution between...
Persistent link: https://www.econbiz.de/10013316525
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Understanding the Latest Wave and Future Shape of Regional Trade and Cooperation Agreements in Asia
Bhattacharyay, Biswa N. - 2021
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high …
Persistent link: https://www.econbiz.de/10013317319
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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
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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
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The Elasticity of Trade : Estimates and Evidence
Simonovska, Ina - 2011
Quantitative results from a large class of international trade models depend critically on the elasticity of trade with respect to trade frictions. We develop a simulated method of moments estimator to estimate this elasticity from disaggregate price and trade-flow data using the Ricardian...
Persistent link: https://www.econbiz.de/10013129252
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Natural Disasters and the Effect of Trade on Income : A New Panel IV Approach
Felbermayr, Gabriel J. - 2011
Does trade openness cause higher GDP per capita? Since the seminal instrumental variables (IV) estimates of Frankel and Romer [F&R](1999) important doubts have surfaced. Is the correlation spurious and driven by omitted geographical and institutional variables? In this paper, we generalize F&R's...
Persistent link: https://www.econbiz.de/10013121825
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Free Trade Agreements and the Consolidation of Democracy
Liu, Xuepeng - 2013
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10013086606