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The decade of the 1940s was one of the darkest periods in the country's history, with years of famine, repression, general misery, and impoverishment of all aspects of national life ranging from culture to the economy. During those years plans were made to establish a Spanish motor industry once...
Persistent link: https://www.econbiz.de/10005827441
We compare the effect of legal and institutional competition for the design of labor institutions in an environment characterized by holdup problems in human and physical capital. We compare autarky with the two country case, assuming that capital is perfectly mobile and labor immobile. We...
Persistent link: https://www.econbiz.de/10005858086
The impact that the francoist autarkic economic policy had on the Spanish economy is assessed using the Domestic Resource Cost (DRC) as an indicator. This indicator compares the real opportunity cost of the primary factors used in the production of a certain good with its aggregated value at...
Persistent link: https://www.econbiz.de/10005870595
Universities spend almost $2 billion subsidizing their collegiate sports programs. Even the mostpopular women’s sport, basketball, fails to break even. An application of Becker’s theory ofcustomer discrimination is used to calculate the relative preference for men’s basketball for bothmen...
Persistent link: https://www.econbiz.de/10009360675
To overcome problems produced by globalization, some people see the solution in a World Government while others see it in an autarchic global market without any government intervention. Both solutions are rejected due to their major shortcomings. Two superior solutions are proposed: (1) A net of...
Persistent link: https://www.econbiz.de/10012168230
The changeover from a situation of Autarky to a situation of Free-Trade alters the trade and production patterns of the … to a lower pollution level ina situation with Free-Trade than with Autarky. …
Persistent link: https://www.econbiz.de/10005867874
Introduction to the theory of international trade and finance with applications to current policy issues. From the ….e. international trade, and what determines the flow of savings and investments from one country to another, i.e. international finance … globalization, free trade agreements, the large current account deficits of the US, the prospects for exchange rates, and the calls …
Persistent link: https://www.econbiz.de/10009432089
before the World Trade Organization (WTO), and has generally been found to be inconsistent with the WTO obligations of the …
Persistent link: https://www.econbiz.de/10012056310
This paper analyzes the role of the United States in the global economy and examines the extent of global spillovers from changes in U.S. growth, monetary and fiscal policies, and uncertainty in its financial markets and economic policies. Developments in the U.S. economy, the world's largest,...
Persistent link: https://www.econbiz.de/10011696319
The United States' large and sustained trade deficit with Asia raises concerns in the United States about its … competitiveness in the region. The purpose of this paper is to examine the patterns of U.S. trade relationships with China and India … world. Second, we examine the role of multinational corporations in facilitating the trade flows between the U.S and these …
Persistent link: https://www.econbiz.de/10011807626