Showing 1 - 10 of 363
We consider a differential game of a conflict between two factions who both have a desire to exact revenge. We show that, in contrast to conventional wisdom, the desire for revenge need not lead to escalation of conflicts. Surprisingly, in the open-loop equilibrium, the weaker faction exerts a...
Persistent link: https://www.econbiz.de/10013316551
This paper argues that profit-shifting activities of multi-jurisdictional enterprises (MJE) are maintained under a tax system of consolidation and formula apportionment (FA). A theoretical model discusses how an MJE can exploit its impact on the definition of the consolidated group...
Persistent link: https://www.econbiz.de/10012768263
In the empirical literature, only few studies have focused on the relationship between oil prices and stock markets in net oil-importing countries. In net oil-exporting countries this relationship has not been widely researched. This paper implements the panel-data approach of Kónya (2006),...
Persistent link: https://www.econbiz.de/10013316262
This paper implements recent bootstrap panel cointegration techniques and Seemingly Unrelated regression (SUR) methods to investigate the existence of a long-run relationship between oil prices and Gulf Corporation Countries (GCC) stock markets. Since GCC countries are major world energy market...
Persistent link: https://www.econbiz.de/10013316349
Our paper examines the effect of oil price changes on Gulf Cooperation Council (GCC) stock markets using nonlinear smooth transition regression (STR) models. Contrary to conventional wisdom, our empirical results reveal that GCC stock markets do not have similar sensitivities to oil price...
Persistent link: https://www.econbiz.de/10012914946
The Arab Spring has led to very different outcomes across the Arab world. I present a highly stylized model of the Arab Spring to better understand these differences. In this model, dictators from the ethnic or religious majority group concede power if their country is oil-poor, but can stay in...
Persistent link: https://www.econbiz.de/10013315827
We analyze individual satisfaction with life as a whole and satisfaction with the personal financial situation for Israeli citizens of Jewish and Arab descent. Our data set is the Israeli Social Survey (2006). We are especially interested in the impact of the religions Judaism, Islam and...
Persistent link: https://www.econbiz.de/10013137879
We assess the robustness of previous findings on the determinants of terrorism. Using extreme bound analysis, the three … most comprehensive terrorism datasets, and focusing on the three most commonly analyzed aspects of terrorist activity, i …
Persistent link: https://www.econbiz.de/10013120973
A unique dataset is used to separately analyze the social origins of left-wing and nationalist-separatist terrorism in … types of ideologically or ethnically motivated terrorism make it plausible that they respond differently to specific social … strength) or nationalist-separatist terrorism (e.g., ethnic polarization, non-violent protest). However, both types of …
Persistent link: https://www.econbiz.de/10013107350
Current literature shows a significant negative impact of terrorism on countries economies. We explore this … relationship in more detail. Using an unbalanced panel of over 160 countries for up to 25 years and the Global Terrorism Database … (GTD) we show a decrease in FDI as a consequence of terrorism. We also find evidence that FDI flows are more sensitive to …
Persistent link: https://www.econbiz.de/10013089605