Showing 1 - 10 of 304
Concern about declining growth in crop yields has renewed debates about the ability of biotechnology to promote food security. While numerous experimental and farm-level studies have found that adoption of genetically engineered crops has been associated with yield gains, aggregate and...
Persistent link: https://www.econbiz.de/10012953983
To better understand the potential economic repercussions of a bioterrorist attack, this paper explores the effects of several catastrophic epidemics that struck American cities between 1690 and 1880. The epidemics considered here killed between 10 and 25 percent of the urban population studied....
Persistent link: https://www.econbiz.de/10012760597
Using a sample of control cross-border acquisitions from 61 countries from 1990 to 2007, we find that acquirers from countries with better governance gain more from such acquisitions and their gains are higher when targets are from countries with worse governance. Other acquirer country...
Persistent link: https://www.econbiz.de/10013131665
Global production sharing is determined by international cost differences and frictions related to the costs of unbundling stages spatially. The interaction between these forces depends on engineering details of the production process with two extremes being 'snakes' and 'spiders'. Snakes are...
Persistent link: https://www.econbiz.de/10013132069
This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape … Verde and Mozambique's particular geographical and historical contexts. We hold that development success under globalization … diversification (an indicator of globalization) and income convergence (an indicator of governance) in the sub-regions of West and …
Persistent link: https://www.econbiz.de/10013135763
We construct a model of international trade and multinational production (MP) to examine the impact of globalization on …
Persistent link: https://www.econbiz.de/10013137021
We propose a theory that rising globalization and rising wage inequality are related because trade liberalization …. This mechanism works regardless of factor endowment differences, so we provide an explanation for why globalization and …
Persistent link: https://www.econbiz.de/10013118253
Financial markets have become increasingly global in recent decades, yet the pricing of internationally traded assets continues to depend strongly upon local risk factors, leading to several observations that are difficult to explain with standard frameworks. Equity returns depend upon both...
Persistent link: https://www.econbiz.de/10013121990
Large gaps in labor productivity between the traditional and modern parts of the economy are a fundamental reality of developing societies. In this paper, we document these gaps, and emphasize that labor flows from low-productivity activities to high-productivity activities are a key driver of...
Persistent link: https://www.econbiz.de/10013123689
Using the 2007-09 financial crisis as a laboratory, we analyze the transmission of crises to country-industry equity portfolios in 55 countries. We use a factor model to predict crisis returns, defining unexplained increases in factor loadings and residual correlations as indicative of...
Persistent link: https://www.econbiz.de/10013123703