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Like Japan, the countries of Scandinavia went through big macroeconomics crises brought on by structural flaws. The difference is that their recoveries came more quickly and have been far more robust. Once again, the Scandinavian economies are treated as models. We argue that three factors shed...
Persistent link: https://www.econbiz.de/10009472409
We extend agency theory to propose that structural reform positively impacts firm profitability in developing countries because the improvements in external monitoring that accompany structural reform decrease the agency costs faced by firms. However, we also argue that not all firms benefit...
Persistent link: https://www.econbiz.de/10009477387
kausale Beziehung zwischen ausländischen Direktinvestitionen (DI) und Wirtschaftswachstum in 6 lateinamerikanischen Ländern … aufgeworfen, wie die Interaktion zwischen DI und inländischem Wirtschaftswachstum zu sehen ist. Auch wenn in der theoretischen als … auch empirischen Literatur signifikante Belege für eine Verbindung zwischen DI und Wirtschaftswachstum zu finden sind, so …
Persistent link: https://www.econbiz.de/10009476170
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The episodes of financial crises in many parts of the world during the 1990s have sparked interest in identifying channels through which such crises spread from one country to another. Researchers have identified several factors that may have sparked and induced contagion. This study further...
Persistent link: https://www.econbiz.de/10009441798
O objetivo desse artigo é determinar os impactos da criação da Área de Livre Comércio das Américas (ALCA), a partir de uma desoneração tributária, na economia brasileira. Para isso, foram analisados diversos cenários que contam, além da eliminação das tarifas ao comércio entre os...
Persistent link: https://www.econbiz.de/10009446746
This paper investigates the determinants of intra-CARICOM bilateral trade and the CARICOM member's trade with the North American and European countries using the gravity model. Seventeen annual cross-sections are estimated for the period 1980 through 1996. Overall, the empirical results indicate...
Persistent link: https://www.econbiz.de/10009446866
Im Jahre 1991 vollzogen Argentinien, Brasilien, Uruguay und Paraguay mit der Gründung des “Gemeinsamen Marktes des Südens” (Mercado Común del Sur/MERCOSUR) einen wirtschaftspolitischen Paradigmenwechsel in Richtung Integration in die Weltwirtschaft und Nutzung komparativer...
Persistent link: https://www.econbiz.de/10009476165