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Warrant economics, call-put policy options and the fallacies of economic theory
Hatgioannides, John; Karanassou, Marika - 2011
In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
Persistent link: https://www.econbiz.de/10009524338
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Distributional consequences of capital accumulation, globalisation and financialisation in the US
Karanassou, Marika; Sala, Hector - 2013
In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...
Persistent link: https://www.econbiz.de/10009717716
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Investment crowding-out and labor market effects of financialization in the US
González, Ignacio; Sala, Hector - 2013
This paper studies the impact of financialization on unemployment in the U.S. We estimate a dynamic multi …-equation macro labor model including labor demand, labor supply, wage-setting and capital accumulation equations. Financialization … swings experienced by the financialization process. We find that it has had relevant unemployment effects in all periods …
Persistent link: https://www.econbiz.de/10009721371
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Capitalism recoupled
Kelly, Colm; Snower, Dennis J. - 2021
- globalization, technological advance and financialization (GTF) - that have weakened the connections between economies and societies …
Persistent link: https://www.econbiz.de/10012583534
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Migration and development : dissecting the anatomy of the mobility transition
Dao, Thu Hien; Docquier, Frédéric; Parsons, Christopher A. - 2016
Emigration first increases before decreasing with economic development. This bell-shaped relationship between … emigration and development was first hypothesized by the theory of the mobility transition (Zelinsky, 1971). Although several …
Persistent link: https://www.econbiz.de/10011543971
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Africa's prospects for enjoying a demographic dividend
Bloom, David E.; Kuhn, Michael; Prettner, Klaus - 2016
out of a development trap. …
Persistent link: https://www.econbiz.de/10011528105
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The decision to become an entrepreneur and the firm size distribution : a unifying framework for policy analysis
Poschke, Markus - 2013
Developing and emerging economies have high entrepreneurship rates and relatively many small firms. There is enormous heterogeneity among these firms and entrepreneurs. This paper presents a simple occupational choice model that captures motives for entrepreneurship at both edges of the size...
Persistent link: https://www.econbiz.de/10010221558
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Earnings premiums and penalties for self-employment and informal employees around the world
Gindling, Thomas; Mossaad, Nadwa; Newhouse, David Locke - 2016
This paper examines the earnings premiums associated with different types of employment in 73 countries. Workers are divided into four categories: Non-professional own-account workers, employers and own-account professionals, informal wage employees, and formal wage employees. Approximately half...
Persistent link: https://www.econbiz.de/10011452234
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Business in genocide : understanding and avoiding complicity
Stel, Nora; Naudé, Wim - 2016
Genocides and mass atrocities do not arise spontaneously, but tend to be meticulously sourced and managed. As such the concern in this paper is with the role of businesses in these processes, with a particular focus on the agency and decision making of entrepreneurs and managers. We critically...
Persistent link: https://www.econbiz.de/10011452640
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Is European entrepreneurship in crisis?
Naudé, Wim - 2016
The European Commission has adopted an Entrepreneurship 2020 Action Plan as its answer to challenges brought by the gravest economic crisis in the last 50 years. Governments of European countries all habour high expectations that entrepreneurship will contribute towards ending the continent's...
Persistent link: https://www.econbiz.de/10011455343