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Tropical Forests, Tipping Points, and the Social Cost of Deforestation

Franklin, Sergio - 2017

Recent work has suggested that tropical forest and savanna represent alternative stable states, which are subject to drastic switches at tipping points, in response to changes in rainfall patterns and other drivers. Deforestation cost studies have ignored the likelihood and possible economic...

Persistent link: https://www.econbiz.de/10012960167

Optimal Environmental Targeting in the Amazon Rainforest

Assunção, Juliano J. - 2019

This paper sets out an empirically-driven approach for targeting environmental policies optimally in order to combat deforestation. We focus on the Amazon, the world's most extensive rainforest, where Brazil's federal government issued a ‘Priority List' of municipalities in 2008, to be...

Persistent link: https://www.econbiz.de/10012890771

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

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

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 … 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

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

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

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

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

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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