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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/10010282231
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Immigration Policy in Integrated National Economies
Bauer, Thomas K.; Zimmermann, Klaus F. - 2000
Migration is an unavoidable aspect of globalization. While full flexibility is politically unfeasible, the paper argues … for regulated openness. Migration in the age of globalization should be judged according to the labor market needs of the …
Persistent link: https://www.econbiz.de/10010262379
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Human Capital Investment and Globalization in Extortionary States
Andersson, Fredrik; Konrad, Kai A. - 2001
This paper considers education investment and public education subsidies in closed and open economies with an extortionary government. The extortionary government in a closed economy has incentives to subsidize education in order to overcome a hold-up problem of time consistent taxation, similar...
Persistent link: https://www.econbiz.de/10010262447
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Globalization and Human Capital Formation
Andersson, Fredrik; Konrad, Kai A. - 2001
This paper compares education investment in closed and open economies without government and with a benevolent government. The fact that the time consistency problem in taxation can make labor mobility beneficial even if governments are fully benevolent – which is known from other contexts –...
Persistent link: https://www.econbiz.de/10010262452
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Measurement of globalization and its variations among countries, regions and over time
Bhandari, Amit K.; Heshmati, Almas - 2005
The process of globalization is an international economic order which has led to the progressive integration of the … technological innovation also provides impetus to the progressive integration of the nations. The elements of globalization include … economic benefits, globalization also indicates the flow of ideas, norms, information and peoples. There is a large …
Persistent link: https://www.econbiz.de/10010267513
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How do trade and financial integration affect the relationship between growth and volatility?
Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - 2006
context of globalization a term typically used to describe the phenomenon of growing international trade and financial …
Persistent link: https://www.econbiz.de/10010268058
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Review of the recent trends in development economics research: with experience from the federal region of Kurdistan
Heshmati, Almas - 2007
recent decades as a result of increased globalization of knowledge, technologies and economies. In particular I look at the … development in a number area where similar trends are observed. The areas studied include globalization, in-sourcing and …
Persistent link: https://www.econbiz.de/10010268174
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Global business cycles: convergence or decoupling?
Kose, M. Ayhan; Otrok, Christopher M.; Prasad, Eswar - 2008
globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …
Persistent link: https://www.econbiz.de/10010276108
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Selection criteria and the skill composition of immigrants: a comparative analysis of Australian and US employment immigration
Jasso, Guillermina; Rosenzweig, Mark Richard - 2008
This paper uses survey data on employment immigrants in Australia and the United States to identify the main determinants of the size and skill composition of employment immigrants to developed countries. Our approach emphasizes the key roles of world prices of skills and country proximity. Our...
Persistent link: https://www.econbiz.de/10010276392
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Globalization, brain drain and development
Docquier, Frédéric; Rapoport, Hillel - 2011
high-skill) migration is becoming the dominant pattern of international migration and a major aspect of globalization. We …
Persistent link: https://www.econbiz.de/10010278431