Showing 1 - 10 of 373
We examine theoretically demand in a two-good economy where the demand of one good is influenced by either a spillover … similar choices as others. A positive spillover effect increases the demand for the good with interactions, and a conformity … implication is that spillover in consumption increases the associated derived demand for labor and conformity in consumption makes …
Persistent link: https://www.econbiz.de/10010268546
dramatically when there are social interactions present. Spillover effects increase labor supply and conformity effects make labor … supply perfectly inelastic at a reference group average. The demand for a good may also be influenced by either a spillover … effect or a conformity effect. Positive spillover increases the demand for the good with interactions, and a conformity …
Persistent link: https://www.econbiz.de/10010280680
The impact of foreign direct investment (FDI) on domestically owned firms in developing countries has been widely debated in the literature. It has been argued that FDI provides access to advanced technologies and other intangible assets which may spill over to the host country and allow...
Persistent link: https://www.econbiz.de/10010282180
Countries restrict the overall extent of international travel and migration to balance the expected costs and benefits of mobility. Given the ever-present threat of new, future pandemics, how should permanent restrictions on mobility respond? A simple theoretical framework predicts that reduced...
Persistent link: https://www.econbiz.de/10012497848
Governments the world over offer significant inducements to attract inward investment, motivated by the expectation of … spillover benefits to augment the primary benefits of a boost to national income from new investment. This paper begins by … range of possible spillover channels, robust empirical support for positive spillovers is, at best, mixed. The reasons for …
Persistent link: https://www.econbiz.de/10010265405
We analyze the spread of policies dealing with international trafficking in human beings. Arguing that countries are unlikely to make independent choices, we identify pressure, externalities and learning or emulation as plausible diffusion mechanisms for spatial dependence in anti-trafficking...
Persistent link: https://www.econbiz.de/10010278580
This paper examines the impact of capital market integration (CMI) on higher education and economic growth. We take into account that participation in higher education is non-compulsory and depends on individual choice. Integration increases (decreases) the incentives to participate in higher...
Persistent link: https://www.econbiz.de/10010267663
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. In this paper, we provide a comprehensive empirical evaluation of the patterns of risk sharing among different groups of countries and examine how international...
Persistent link: https://www.econbiz.de/10010268195
The financial crisis has re-ignited the fierce debate about the merits of financial globalization and its implications for growth, especially for developing countries. The empirical literature has not been able to conclusively establish the presumed growth benefits of financial integration....
Persistent link: https://www.econbiz.de/10010269032
We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help...
Persistent link: https://www.econbiz.de/10010269041