Showing 1 - 10 of 12
I combine two fields of research on default prediction by empirically testing a bankruptcy prediction function where unlisted firms are evaluated on the basis of both their financial statement analysis and the macroeconomic environment. This combination is found to improve the default prediction...
Persistent link: https://www.econbiz.de/10011968236
Foreign direct investment (FDI) has grown far more rapidly than trade during the last two decades. As with the other prominent features of globalisation, FDI is controversial. The impact of FDI on labour markets has been of growing concern, particularly, for source countries. The deterioration...
Persistent link: https://www.econbiz.de/10010323598
In this paper, we assess the effect of globalization on the distribution of income within countries, focussing on the influence of foreign direct investment. We analyze data for 72 countries, 1970-90. We incorporate in our tests the Kuznets (1955) curve, measures of the character of political...
Persistent link: https://www.econbiz.de/10010323607
The current debate on trade liberalization is accompanied by an increased concern about environmental and food safety issues leading to frictions of different country groups under the World Trade Organization (WTO). This discussion paper aims at shedding more light on some of the issues in the...
Persistent link: https://www.econbiz.de/10010323643
Why do some countries establish their own national eco-labeling programs and some do not? In this paper, we provide both theoretical arguments and empirical evidence suggesting that the answer to this question can shed new light on three questions that have taken center-stage in the trade and...
Persistent link: https://www.econbiz.de/10010323644
All Annex B parties but Russia, Australia and USA, have ratified the Kyoto Protocol so far. It is still an open … question whether Russia will ratify and secure that the Protocol enters into force. This paper therefore analyzes consequences … Protocol. Environmentally, implementation of the Kyoto Protocol without participation from Russia and Ukraine is obviously …
Persistent link: https://www.econbiz.de/10011968146
starting point is the uncertainties about future natural gas exports from Russia and LNG-producing countries. Our results …
Persistent link: https://www.econbiz.de/10011968149
Gazprom, the dominant gas company in Russia, is widely believed to be the key supplier of gas to Europe in the …
Persistent link: https://www.econbiz.de/10011968215
Having exports from more than one Russian gas producer has been an important issue in the Russian-EU energy dialogue during the last decade. Nevertheless, in June 2006, Russian Federal law legalized the de facto export monopoly of Gazprom. Political and commercial interests have regularly...
Persistent link: https://www.econbiz.de/10011968264
Russian national welfare. Results show that under the current gas market structures in Europe and Russia, the split-up of … Gazprom's monopoly might not be beneficial for Russia. The market share of Russia in the European market is important in …
Persistent link: https://www.econbiz.de/10011968296