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Recent studies have indicated that the terms 'NAIRU' (non-accelerating inflation rate of unemployment) and 'natural rate of unemployment' are not interchangeable. While NAIRU is an empirical macroeconomic relationship estimated via a Phillips curve, the natural rate is an equilibrium condition...
Persistent link: https://www.econbiz.de/10005835658
initiatives put forward over the past year by China and others to begin a serious discussion of reforming the international …
Persistent link: https://www.econbiz.de/10008567957
Rising skill premium in two countries can be explained simply by the Heckscher-Ohlin model assuming a “skill intensity reversal.” This assumption, however, poses an empirical challenge since past research has found little evidence for the so-called “factor intensity reversal.” We now...
Persistent link: https://www.econbiz.de/10005789460
The paper empirically analyzes stock market integration and the benefit possibilities of international portfolio … there are evidences of cointegration among them. However, the potential benefits of international portfolio diversification …
Persistent link: https://www.econbiz.de/10011257815
This paper is the first, to our knowledge, to make the distinction between the investment opportunity set of real assets versus portfolio securities. We perform a large scale formal investigation of the investment opportunity set in global acquisitions based on ownership type over the period of...
Persistent link: https://www.econbiz.de/10011260386
In the article, on the basis of literature from the areas of management, strategic management, international management …
Persistent link: https://www.econbiz.de/10009402071
Economic studies have demonstrated, both empirically and theoretically, that higher levels of human development (HD) and economic freedom (EF) are associated with lower levels of perceived corruption. This study separately examines the impact of human development and economic freedom on...
Persistent link: https://www.econbiz.de/10009644775
studying the relationship between international terms of trade and domestic income distributions of the exporting countries … the transmission of the growth from the North to the South through international markets, both through trade and through … all favorable to the growth of the South, which is central to much thinking about the New International Economy Order. I …
Persistent link: https://www.econbiz.de/10005835749
implications for Treasury security interest rates, international portfolio allocations, net international income flows, and the U ….S. net international debt position, using a baseline outlook of current and projected U.S. budget deficits and growing debt … “crowding out” in the international portfolio; and how and whether world portfolio allocations would adjust to accommodate …
Persistent link: https://www.econbiz.de/10008534545
areas, global models become a tool for dialogue on the question of new international economic orders. The theoretical …
Persistent link: https://www.econbiz.de/10005616711