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Warrant Economics, Call-Put Policy Options and the Fallacies of Economic Theory
Hatgioannides, John - 2012
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/10013112775
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China's Emergence in the World Economy and Business Cycles in Latin America
Pesaran, M. Hashem - 2011
The international business cycle is very important for Latin America's economic performance as the recent global crisis vividly illustrated. This paper investigates how changes in trade linkages between China, Latin America, and the rest of the world have altered the transmission mechanism of...
Persistent link: https://www.econbiz.de/10013121741
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Globalization and Inequality in Latin America
Dix-Carneiro, Rafael; Kovak, Brian - 2023
We survey the recent literature studying the effects of globalization on inequality in Latin America. Our focus is on … dimensions of inequality, and developing new methodologies to capture the many facets of globalization's relationship to … that focus on distinct aspects of globalization's relationship to inequality …
Persistent link: https://www.econbiz.de/10014343853
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Financial Liberalization and Democracy : The Role of Reform Reversals
Campos, Nauro F. - 2009
The relationship between economic and political liberalization has received a great deal of attention lately, yet the possibility of a nonlinear relationship and the role of reversals remain largely neglected. Focusing on democratization and financial reform, this paper offers evidence for a...
Persistent link: https://www.econbiz.de/10013157255
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Creativity over Time and Space
Serafinelli, Michel - 2019
Creativity is often highly concentrated in time and space, and across different domains. What explains the formation and decay of clusters of creativity? In this paper we match data on thousands of notable individuals born in Europe between the XIth and the XIXth century with historical data on...
Persistent link: https://www.econbiz.de/10012861308
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Neoliberalization and the Changing Roles of Stakeholders in State-Led Shantytown Redevelopment in Shenyang City, China
Li, Xin - 2016
Neoliberal politics in China have changed the roles of, and the interrelationships between, the state, the market and society in urban restructuring. Since 2008, the central state has initiated the Shantytown Redevelopment Projects (SRPs) to improve the living conditions of low-income residents....
Persistent link: https://www.econbiz.de/10012984848
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Beyond GDP and Back : What is the Value-Added by Additional Components of Welfare Measurement?
de New (née Kassenboehmer), Sonja C. - 2011
Recently, building on the highly polarizing Stiglitz report, a growing literature suggests that statistical offices and applied researchers explore other aspects of human welfare apart from material well-being, such as job security, crime, health, environmental factors and subjective...
Persistent link: https://www.econbiz.de/10013130791
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A Critique and Reframing of Personality in Labour Market Theory : Locus of Control and Labour Market Outcomes
Trzcinski, Eileen - 2011
This article critically examines the theoretical arguments that underlie the literature linking personality traits to economic outcomes and provides empirical evidence indicating that labour market outcomes influence personality outcomes. Based on data from the German Socio-Economic Panel, we...
Persistent link: https://www.econbiz.de/10013118524
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Beyond the DSGE Straitjacket
Pesaran, M. Hashem - 2011
Academic macroeconomics and the research department of central banks have come to be dominated by Dynamic, Stochastic, General Equilibrium (DSGE) models based on micro-foundations of optimising representative agents with rational expectations. We argue that the dominance of this particular sort...
Persistent link: https://www.econbiz.de/10013126144
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Reassessing Labour Market Reforms : A Critique
Junankar, P. N. Raja - 2014
This paper provides a critique of Faccini (2014) that allegedly shows that temporary contracts lead to lower unemployment in Europe. Using Faccini's data and his estimation methods, we show that the Fixed Effects estimation results collapse when we make slight alterations in the sample size or...
Persistent link: https://www.econbiz.de/10013049067