Showing 293,241 - 293,250 of 296,343
The paper provides a selective survey of the literature on the Feldstein-Horioka paradox. The observed high correlation between national savings and domestic investment emerges as a robust empirical regularity. If this regularity is to be attributed to low capital mobility (due to government...
Persistent link: https://www.econbiz.de/10010275364
This paper is a tentative summary and appraisal of the main theoretical arguments and empirical evidence for/against an industrial policy in support of high-tech industries. The paper reviews arguments based on endogenous growth theory and strategic trade theory and surveys the most relevant...
Persistent link: https://www.econbiz.de/10010275383
In diesem Papier beschäftigen wir uns mit den Möglichkeiten einer globalen Umweltpolitik, die eine Minderung der CO2-Emissionen zum Ziel hat. Wir konzentrieren uns hierbei auf die im Rahmen des joint-implementation- Ansatzes in die Diskussion eingebrachten Vorschläge und diskutieren diese am...
Persistent link: https://www.econbiz.de/10010275388
Persistent link: https://www.econbiz.de/10010275448
Tariffs no longer represent the most serious impediment to international trade. As the importance of tariffs in restricting free trade has been declining, non-tariff barriers are becoming increasingly important. The use of selected non-tariff barriers is analyzed, focusing on anti-dumping...
Persistent link: https://www.econbiz.de/10010275513
Persistent link: https://www.econbiz.de/10010275593
An overlapping generations model is set up in this paper to analyze social security policy in a representative democracy with asymmetric information. The model considers not only redistribution between generations but also redistribution within generations according to individual labor incomes....
Persistent link: https://www.econbiz.de/10010275705
By combining two large data sets (on international trade flows and on mergers and acquisitions – M&As), we are able to test two implications of Neary's (2003, 2004a) recent theoretical work. Analyzing M&As in a General Oligopolistic Equilibrium (GOLE) model incorporating strategic interaction...
Persistent link: https://www.econbiz.de/10010275774
Using a detailed and large data set on cross-border merger and acquisitions we discuss the relationship between theory and observed empirical characteristics: (i) most FDI is in the form of M&As, (ii) firms engaged in M&As seem to be marketseeking', (iii) M&As come in waves (the most recent wave...
Persistent link: https://www.econbiz.de/10010275794
Thomas Friedman's book the world is flat has been a bestseller since it appeared in 2005. The remarkable success of the … argues that distance (however defined) is no longer a dominant characteristic of the world economy, or will cease to be so in … the very near future. Competition is thought to be a race to the bottom, with the lowest-wage countries as the big winners …
Persistent link: https://www.econbiz.de/10010275796