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The positive association between the service sector share of output and per capita income is one of the best-known regularities in all of growth and development economics. Yet there is less than complete agreement on the nature of that association. Here we identify two waves of service sector...
Persistent link: https://www.econbiz.de/10011807641
This paper attempts to address both theoretical and practical considerations for a tax such as financial transactions taxes (FTT). It includes examples of FTT in the wider context, for example, on stocks and derivatives, currency transactions, and tangible property. Most of the discussion...
Persistent link: https://www.econbiz.de/10011807660
When President Trump came into office the US administration launched a detailed analysis of American trade relations. It aimed to identify "unfair trade practices" that are supposedly increasingly being used by other countries, and that are economically damaging to America. This study simulates...
Persistent link: https://www.econbiz.de/10011815688
Die Einkommensverteilung innerhalb der verschiedenen Länder der Welt weist enorme Unterschiede auf. Diese Form der … Schichtungsmuster herausgearbeitet werden, die in verschiedenen Regionen und Kulturen der Welt entwickelt worden sind. Dabei werden drei …Income inequality differs tremendously across the countries of the world. It remains central even in the age of …
Persistent link: https://www.econbiz.de/10010308442
Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by …
Persistent link: https://www.econbiz.de/10010308558
. In view of the power and predominance of the USA, it makes little sense for the rest of the world to try to press ahead …
Persistent link: https://www.econbiz.de/10010308559
The aim of this paper is to examine what has been the role of information provision to the market throughout the crisis. We consider two main sources of information to the market, financial statements and information provided by credit rating agencies. We examine how these sources of information...
Persistent link: https://www.econbiz.de/10010308575
The social cost of carbon - or marginal damage caused by an additional ton of carbon dioxide emissions - has been estimated by a U.S. government working group at $21/tCO2 in 2010. That calculation, however, omits many of the biggest risks associated with climate change, and downplays the impact...
Persistent link: https://www.econbiz.de/10010308735
Trade policy barriers are only one element of overall trade costs. Among these, and due to the decrease in the influence of tariff barriers on trade over time, institutional barriers might increase in relative importance and become a key obstacle to the movements of goods across countries. This...
Persistent link: https://www.econbiz.de/10010308737
In the context of the WTO, intellectual property rights (IPR) are codified in the TRIPS-agreement. While covering all the different types of IPR, landmark cases of the still young history of TRIPS have dealt with commercial copyrights. This paper summarizes the basic economics of the IPR branch...
Persistent link: https://www.econbiz.de/10010308741