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Nudges in Exercise Commitment Contracts : A Randomized Trial
Bhattacharya, Jay - 2015
We consider the welfare consequences of nudges and other behavioral economic devices to encourage exercise habit formation. We analyze a randomized trial of nudged exercise commitment contracts in the context of a time-inconsistent intertemporal utility maximization model of the demand for...
Persistent link: https://www.econbiz.de/10013018712
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Globalization, Governance, and the Returns to Cross-Border Acquisitions
Ellis, Jesse A. - 2011
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
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Spiders and Snakes : Offshoring and Agglomeration in the Global Economy
Baldwin, Richard - 2011
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
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Cape Verde and Mozambique as Development Successes in West and Southern Africa
Braga de Macedo, Jorge - 2010
This paper applies an interpretation of how globalization and governance (G&G) interact with convergence given Cape … diversification (an indicator of globalization) and income convergence (an indicator of governance) in the sub-regions of West and … insufficient to conclude that convergence will be sustained, the positive interaction between trade and financial globalization, on …
Persistent link: https://www.econbiz.de/10013135763
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Globalization, Technology, and the Skill Premium : A Quantitative Analysis
Burstein, Ariel T. - 2010
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
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Skill Biased Heterogeneous Firms, Trade Liberalization, and the Skill Premium
Harrigan, James - 2011
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
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Global Asset Pricing
Lewis, Karen K. - 2011
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
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Globalization, Structural Change and Productivity Growth
McMillan, Margaret - 2011
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
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Global Crises and Equity Market Contagion
Bekaert, Geert - 2011
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
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Tracing Value-Added and Double Counting in Gross Exports
Koopman, Robert - 2012
This paper proposes a framework for gross exports accounting that breaks up a country's gross exports into various value-added components by source and additional double counted terms. By identifying which parts of the official trade data are double counted and the sources of the double...
Persistent link: https://www.econbiz.de/10013097267