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Long, Ngo Van - 2014

This paper explains how, in the context of incomplete coordination among all countries, unilateral policies that might at first sight seem pro-green could actually turn out to harm the global environment. The free-riding motives and the difficulty of reaching an effective international...

Persistent link: https://www.econbiz.de/10010245993

Technology agreements with heterogeneous countries

Hoel, Michael; Zeeuw, Aart de - 2014

For sufficiently low abatement costs many countries might undertake significant emission reductions even without any international agreement on emission reductions. We consider a situation where a coalition of countries does not cooperate on emission reductions but cooperates on the development...

Persistent link: https://www.econbiz.de/10010246011

Economic integration agreements, border effects, and distance elasticities in the gravity equation

Bergstrand, Jeffrey H.; Larch, Mario; Yotov, Yoto V. - 2013

yields economically plausible and statistically significant estimates of the declining effect of “national borders” on world …

Persistent link: https://www.econbiz.de/10010212649

Exchange rate uncertainty and international portfolio flows

Caporale, Guglielmo Maria; Ali, Faek Menla; Spagnolo, Nicola - 2013

This paper examines the impact of exchange rate uncertainty on different components of portfolio flows, namely equity and bond flows, as well as the dynamic linkages between exchange rate volatility and the variability of these two types of flows. Specifically, a bivariate GARCH-BEKK-in-mean...

Persistent link: https://www.econbiz.de/10009743845

On the policy implications of changing longevity

Pestieau, Pierre; Ponthière, Grégory - 2012

Our societies are witnessing a steady increase in longevity. This demographic evolution is accompanied by some convergence across countries, whereas substantial longevity inequalities persist within nations. The goal of this paper is to survey some crucial implications of changing longevity on...

Persistent link: https://www.econbiz.de/10009621750

The golden hello and political transitions

Aidt, Toke; Albornoz, Facundo; Gassebner, Martin - 2012

have taken place. We test this unexplored implication of the theory empirically. We find in a world sample from 1970 to …We analyze the influence of IMF and World Bank programs on political regime transitions. We develop an extended version … transitions ; democracy ; autocracy ; IMF ; World Bank …

Persistent link: https://www.econbiz.de/10009630635

Emotions and political unrest

Passarelli, Francesco; Tabellini, Guido Enrico - 2013

This paper formulates a general theory of how political unrest influences public policy. Political unrest is motivated … view of what is fair taking into account the current state of the world. If fewer aggregate resources are available …

Persistent link: https://www.econbiz.de/10009722397

Reducing start-up costs for new firms : the double dividend on the labor market

Dulleck, Uwe; Frijters, Paul; Winter-Ebmer, Rudolf - 2003

Starting a firm with expansive potential is an option for educated and high-skilled workers. This option serves as an insurance against unemployment caused by labor market frictions and hence increases the incentives for education. We show within a matching model that reducing the start-up costs...

Persistent link: https://www.econbiz.de/10009728182

Price equalization does not imply free trade

Mutreja, Piyusha; Ravikumar, B.; Riezman, Raymond Glenn; … - 2013

In this paper we show that price equalization alone is not sufficient to determine the barriers to international trade. There are many barrier combinations that deliver price equalization, but each combination implies a different volume of trade. We demonstrate this first theoretically in a...

Persistent link: https://www.econbiz.de/10009700288

Reconsidering the price-income relationship across countries

Fujii, Eiji - 2013 - This version: February 2013

This study reconsiders the well-known cross-country positive association between prices and income by focusing on heterogeneity between the inter-developed-country and inter-developing-country relationships. Empirical results reveal not only that developed and developing countries differ in...

Persistent link: https://www.econbiz.de/10009707555