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Foreign Direct Investment in Mexico during the 1990s: An Empirical Assessment

Ramirez, Miguel D. - In: Eastern Economic Journal 28 (2002) 3, pp. 409-423

This paper examines the major economic and institutional factors underlying the surge in foreign direct investment (FDI) flows to Mexico during the 1990s. It presents evidence that indicates that market-friendly economic reforms and major changes in the institutional-legal status of foreign...

Persistent link: https://www.econbiz.de/10005641776

The macroeconomic effects of German unification: Real adjustments and the welfare state

Canova, Fabio; Ravn, Morten O. - Department of Economics and Business, Universitat … - 2000

We study the effects of German unification in a model with capital accumulation, skill differences and a welfare state …. Absent a welfare state, we observe an investment boom, depressed output and employment conditions. Capital owners and high …-skilled agents are willing to give up to 4% of per-capita consumption to favor unification. When a welfare state exists the …

Persistent link: https://www.econbiz.de/10005771980

Dynamically Optimal R&D Subsidization

Grossmann, Volker; Steger, Thomas; Trimborn, Timo - CESifo - 2010

slightly decrease over time. There is a negligible loss in welfare, however, from immediately setting the R&D subsidy to its …

Persistent link: https://www.econbiz.de/10008498993

Wage Compression and Welfare in Sweden

Lindquist, Matthew J. - Nationalekonomiska institutionen, Stockholms Universitet - 2000

This paper calculates the quantitative significance of the welfare effects of wage compression in Sweden. This is done … compression lead to large welfare losses, since wage compression creates costly unemployment among low-skilled workers. This … welfare loss can be significantly reduced (but not eliminated) if firms and unions bargain over efficient labor contracts. In …

Persistent link: https://www.econbiz.de/10005645493

Competition for order flow and smart order routing systems

Foucault, Thierry; Menkveld, Albert - HEC Paris (École des Hautes Études Commerciales) - 2006

In this paper, the authors study the changes in liquidity following the introduction of a new electronic limit order market when, prior to its introduction, trading is centralized in a single limit order market. They also study how automation of routing decisions and trading fees affect the...

Persistent link: https://www.econbiz.de/10005011691

Structural Adjustment and Change in the Australian Life Insurance Industry Post Demutualisation

KENELEY, Monica - Deakin University, Faculty of Business and Law, School … - 2005

In the last decade the ownership structure of Australia's life insurance industry has undergone a fundamental change. Traditionally, the sector had been dominated by a group of large mutual associations which had historically been the market leaders. In the space of less than a decade, this form...

Persistent link: https://www.econbiz.de/10004997904

Economic Development as a Matter of Political Geography

Druck, Pablo; Streb, Jorge M. - Universidad del CEMA - 2001

We start out from the hypothesis that limited government leads to low uncertainty and low transaction costs. If political institutions affect the degree of uncertainty and transaction costs, we formally show they should affect the steady state level of income per capita. The impact of...

Persistent link: https://www.econbiz.de/10005668472