Similar Search Results

Crisis and control: Institutional change in financial market regulation

Mayntz, Renate (contributor) - 2012

In reaction to the international financial crisis of 2007, a network of social scientists from seven countries analyzed the various changes in the regulation of financial markets, and this book presents their results. The articles published herein show patterns of institutional change that were...

Persistent link: https://www.econbiz.de/10011751709

The Global Refunding System and Climate Change

Gersbach, Hans - 2007

We propose a global refunding scheme as a new international approach to addressing climate change. A global refunding system allows each country to set its carbon emission tax, while aggregate tax revenues are partially refunded to member countries in proportion to the relative emissions...

Persistent link: https://www.econbiz.de/10011753126

Natural Resources and Violent Conflict: Resource Abundance, Dependence and the Onset of Civil Wars

Brunnschweiler, Christa N.; Bulte, Erwin - 2008

In this paper we examine the claim that natural resources invite civil conflict, and challenge the main stylized facts in this literature. We find that the nature of causation between resource dependence and civil war is opposite to conventional wisdom. In particular, (i) civil war creates...

Persistent link: https://www.econbiz.de/10011753142

International Emission Permit Markets with Refunding

Gersbach, Hans; Winkler, Ralph - 2008

We propose a blueprint for an international emission permit market such as the EU trading scheme. Each country decides on the amount of permits it wants to offer. A fraction of these permits is grandfathered, the remainder is auctioned. Revenues from the auction are collected in a global fund...

Persistent link: https://www.econbiz.de/10011753161

The Effects of Financial Development on Income Inequality and Poverty

Kappel, Vivien - 2010

This paper examines the effects of financial development on income inequality and poverty. The results of both cross-country and panel data regressions suggest that inequality and poverty are reduced not only through enhanced loan markets, but also through more developed stock markets. We show...

Persistent link: https://www.econbiz.de/10011753191

International Partnerships, Foreign Control and Income Levels: Theory and Evidence

Brunnschweiler, Christa N.; Valente, Simone - 2011

We analyze the effects of different regimes of control rights over critical resources on the total domestic income of open economies. We consider home control, foreign control, and international partnerships in a theoretical model where contracts are incomplete, resource exploitation requires...

Persistent link: https://www.econbiz.de/10011753218

Does the Oil Price Adjust Optimally to Oil Field Discoveries?

Leinert, Lisa - 2012

The Hotelling rule argues that the price for a non-renewable resource adjusts to the shadow value of the resource, reflecting its remaining availability. This study provides an empirical test of this hypothesis. It investigates whether the price of crude oil does adjust to unexpected news about...

Persistent link: https://www.econbiz.de/10011753233

Subglobal climate agreements and energy-intensive activities: An evaluation of carbon leakage in the copper industry

Lanz, Bruno; Rutherford, Thomas F.; Tilton, John E. - 2013

Subglobal climate policies induce changes in international competitiveness and favor a relocation of carbon-emitting activities to non-abating regions. In this paper, we evaluate the potential for CO2 abatement and the emissions `leakage' effect in the copper industry, a prominent...

Persistent link: https://www.econbiz.de/10011753238

Higher education and the fall and rise of inequality

Prettner, Klaus; Schaefer, Andreas - 2016

We investigate the effect of higher education on the evolution of inequality. In so doing we propose a novel overlapping generations model with three social classes: the rich, the middle class, and the poor. We show that there is an initial phase in which no social class invests in higher...

Persistent link: https://www.econbiz.de/10011753304

Die Zukunft des Welthandels

Görg, Holger; Klein, Martin; Pflüger, Michael; Krebs, … - In: Wirtschaftsdienst 95 (2015) 5, pp. 303-318

Since the 1950s, world trade has grown much faster than global economic production. Meanwhile, China has surpassed … Partnership, have attained dominance in the world trading system in recent years. Some of the well-known weaknesses of regionalism … world trading system require a strengthening of the WTO's multilateral system. But the current bilateral and regional trade …

Persistent link: https://www.econbiz.de/10011773181