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Buying votes and international organizations

Dreher, Axel; Vreeland, James Raymond - 2011

This study explores a basic idea in political economy: Trading money for political influence. Our focus is at the level of international institutions, where governments may exploit their influence in one organization to gain leverage over another. In particular, we consider the lending...

Persistent link: https://www.econbiz.de/10010311696

Discarding food vs. starving people: Inefficient and immoral?

Koester, Ulrich - 2012

on March 13, 2012: Europe's waste would suffice twice to feed the world's hungry. This statement startled many people … dieser Welt zu ernähren. Diese Aussage hat viele Menschen erschreckt. In Europa und anderen wohlhabenden Ländern werden …

Persistent link: https://www.econbiz.de/10010311736

International grain markets: Russia as a new power?

Glauben, Thomas; Pàll, Zsombor; Perekhozhuk, Oleksandr; … - 2012

Russia, a former net importer of wheat, has developed into one of the leading actors in the world wheat market within … the last decade. Forecasts suggest that Russia's share in the world market may increase even further and Russia might … become the world's largest wheat exporter by 2020. One key research question resulting from this development is whether …

Persistent link: https://www.econbiz.de/10010311740

Central banks: Paradise lost

Issing, Otmar - 2012

Persistent link: https://www.econbiz.de/10010311802

Multilateralism and regionalism from an American perspective: Parallels and contrasts with the Langhammer vision

Hufbauer, Gary Clyde - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-9, pp. 1-18

facing the world trading order, and proposes possible ways out of the persistent impasse. Hufbauer argues that the success of …

Persistent link: https://www.econbiz.de/10010311845

Challenges to the multilateral trading system and possible responses

Panagariya, Arvind - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-10, pp. 1-25

institution in charge of it, the World Trade Organization, is in sound health. If anything, the Doha Round has been a victim of …

Persistent link: https://www.econbiz.de/10010311846

Milne, Alistair - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-7, pp. 1-31

A fundamental cause of the global financial crisis was excessive maturity mismatch, notably shadow banking holdings of sub-prime MBS and other structured credit instruments and cross-border Euro area interbank lending to the uncompetitive Euro area periphery. The costs of short term funding do...

Persistent link: https://www.econbiz.de/10010311848

Equity market liberalization, credit constraints and income inequality

Sun, Puyang; Sen, Somnath; Jin, Shujing - In: Economics: The Open-Access, Open-Assessment E-Journal 7 (2013) 2013-12, pp. 1-28

This paper provides compelling evidence that equity market liberalization, as the most efficient way to smooth financial market frictions such as credit constraints, can alleviate persistent cross-dynastic income inequality by promoting increased human capital accumulation. The authors examine...

Persistent link: https://www.econbiz.de/10010311850

What a Difference Kyoto Made: Evidence from Instrumental Variables Estimation

Aichele, Rahel; Felbermayr, Gabriel - 2011

The Kyoto Protocol's success or failure should be evaluated against the unobserved counterfactual of no treatment. This requires instrumental variables. We find that countries' membership in the International Criminal Court (ICC) predicts Kyoto ratification in a panel model. Both multilateral...

Persistent link: https://www.econbiz.de/10010312056

Management Practice in Production

Triebs, Thomas; Kumbhakar, Subal C. - 2012

In this paper we account for observed management practice in the estimation of aproduction function. In our model management practice is observable and we allow it toaffect output directly (neutral shift) and indirectly by affecting input productivity. Thisformulation gives us a semiparametric...

Persistent link: https://www.econbiz.de/10010312060