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We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We …. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 … percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically …
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We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We …. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 … percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically …
Persistent link: https://www.econbiz.de/10013001201
We analyze the impact of technology on production and trade in services, focusing on the foreign exchange market. We …. Our estimates suggest that the second effect dominates. Technology dampens the impact of spatial frictions by up to 80 … percent and increases, in net terms, the share of offshore trading by 21 percentage points. Technology also has economically …
Persistent link: https://www.econbiz.de/10012456788
Persistent link: https://www.econbiz.de/10012499887
The health of the world’s population - including those in the poorest countries - has improved more in the past 100 years than ever before. The improvement is largely a result of the development and spread of cheap, effective technologies (such as vaccines). Other factors, such as national...
Persistent link: https://www.econbiz.de/10014179984
This paper explains the functioning of “blockchain technology” and critically assesses its potential role in improving … services in banking, contracts, and database systems. Comparing blockchain to the current best practice technology in these … fields reveals several barriers to successful commercial implementation: Blockchain technology involves costly redundancies …
Persistent link: https://www.econbiz.de/10012984083
I theoretically and empirically show that dismissal laws - laws that impose hurdles on firing of employees - spur innovation and thereby economic growth. Theoretically, dismissal laws make it costly for firms to arbitrarily discharge employees. This enables firms to commit to not punish...
Persistent link: https://www.econbiz.de/10011858380